TTM Technologies, Inc. (NASDAQ:TTMI) insider William Kent Hardwick sold 2,000 shares of TTM Technologies stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $15.66, for a total value of $31,320.00. Following the sale, the insider now directly owns 43,152 shares in the company, valued at $675,760.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
TTM Technologies, Inc. (NASDAQ:TTMI) traded up $0.28 during trading on Friday, hitting $15.80. The company had a trading volume of 446,662 shares, compared to its average volume of 1,087,795. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.29 and a current ratio of 1.70. The firm has a market capitalization of $1,580.18, a price-to-earnings ratio of 14.36 and a beta of 1.70. TTM Technologies, Inc. has a one year low of $12.76 and a one year high of $19.54.
TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. The company had revenue of $739.30 million for the quarter, compared to analyst estimates of $724.65 million. TTM Technologies had a return on equity of 13.26% and a net margin of 4.67%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 earnings per share. analysts predict that TTM Technologies, Inc. will post 1.04 EPS for the current year.
Several institutional investors have recently bought and sold shares of TTMI. Simplex Trading LLC acquired a new position in shares of TTM Technologies in the third quarter worth approximately $120,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of TTM Technologies by 169.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,048 shares of the technology company’s stock worth $124,000 after acquiring an additional 5,056 shares during the period. Ameritas Investment Partners Inc. lifted its stake in shares of TTM Technologies by 29.6% in the second quarter. Ameritas Investment Partners Inc. now owns 8,112 shares of the technology company’s stock worth $141,000 after acquiring an additional 1,852 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of TTM Technologies by 55.2% in the third quarter. Envestnet Asset Management Inc. now owns 9,434 shares of the technology company’s stock worth $145,000 after acquiring an additional 3,357 shares during the period. Finally, FDx Advisors Inc. acquired a new position in shares of TTM Technologies in the fourth quarter worth approximately $160,000.
TTMI has been the topic of a number of recent research reports. Zacks Investment Research raised TTM Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Stifel Nicolaus reissued a “buy” rating and set a $17.50 price target on shares of TTM Technologies in a research note on Wednesday, November 1st. BidaskClub lowered TTM Technologies from a “hold” rating to a “sell” rating in a research note on Monday, December 11th. Needham & Company LLC cut their price objective on TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating on the stock in a research note on Thursday, February 8th. Finally, SunTrust Banks began coverage on TTM Technologies in a research note on Thursday, December 14th. They issued a “buy” rating and a $20.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $19.50.
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About TTM Technologies
TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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