TTM Technologies, Inc. (NASDAQ:TTMI) VP Tony Sanchez sold 738 shares of the company’s stock in a transaction dated Monday, June 25th. The stock was sold at an average price of $18.40, for a total value of $13,579.20. Following the completion of the transaction, the vice president now owns 25,207 shares in the company, valued at $463,808.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
TTMI stock traded up $0.23 during trading on Tuesday, hitting $18.38. 43,537 shares of the company traded hands, compared to its average volume of 1,070,820. The stock has a market capitalization of $1.96 billion, a PE ratio of 17.67 and a beta of 1.81. TTM Technologies, Inc. has a 1 year low of $12.76 and a 1 year high of $19.62. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.84 and a quick ratio of 1.72.
TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, May 2nd. The technology company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. TTM Technologies had a return on equity of 10.32% and a net margin of 3.76%. The business had revenue of $663.58 million during the quarter, compared to analysts’ expectations of $638.80 million. During the same quarter last year, the business posted $0.37 EPS. The business’s revenue was up 6.1% on a year-over-year basis. analysts anticipate that TTM Technologies, Inc. will post 1.09 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Two Sigma Advisers LP lifted its holdings in TTM Technologies by 2.4% in the 4th quarter. Two Sigma Advisers LP now owns 190,627 shares of the technology company’s stock worth $2,987,000 after buying an additional 4,501 shares during the period. Profund Advisors LLC lifted its holdings in TTM Technologies by 32.3% in the 1st quarter. Profund Advisors LLC now owns 18,457 shares of the technology company’s stock worth $282,000 after buying an additional 4,501 shares during the period. Legal & General Group Plc lifted its holdings in TTM Technologies by 2.6% in the 1st quarter. Legal & General Group Plc now owns 187,168 shares of the technology company’s stock worth $2,851,000 after buying an additional 4,657 shares during the period. Stevens Capital Management LP lifted its holdings in TTM Technologies by 15.0% in the 1st quarter. Stevens Capital Management LP now owns 37,907 shares of the technology company’s stock worth $580,000 after buying an additional 4,951 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in TTM Technologies by 61.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,029 shares of the technology company’s stock worth $204,000 after buying an additional 4,981 shares during the period.
A number of equities analysts have weighed in on TTMI shares. BidaskClub upgraded TTM Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, March 20th. Zacks Investment Research upgraded TTM Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, April 12th. Deutsche Bank assumed coverage on TTM Technologies in a research report on Thursday, June 14th. They set a “hold” rating and a $19.00 price objective on the stock. Stifel Nicolaus increased their price objective on TTM Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 25th. Finally, ValuEngine lowered TTM Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $19.80.
TTM Technologies Company Profile
TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.
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