Douglas L. Soder Sells 55,807 Shares of TTM Technologies, Inc. (NASDAQ:TTMI) Stock


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TTM Technologies, Inc. (NASDAQ:TTMI) insider Douglas L. Soder sold 55,807 shares of the business’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $15.00, for a total transaction of $837,105.00. Following the completion of the transaction, the insider now owns 166,263 shares in the company, valued at approximately $2,493,945. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of TTMI opened at $14.85 on Thursday. The firm’s 50-day moving average price is $14.40 and its 200-day moving average price is $13.40. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 9.28 and a beta of 1.63. The company has a current ratio of 1.89, a quick ratio of 1.73 and a debt-to-equity ratio of 0.60. TTM Technologies, Inc. has a 1-year low of $9.85 and a 1-year high of $15.24.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, February 3rd. The technology company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12. The firm had revenue of $523.80 million for the quarter, compared to analyst estimates of $510.59 million. TTM Technologies had a net margin of 7.63% and a negative return on equity of 2.23%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 EPS. On average, research analysts forecast that TTM Technologies, Inc. will post -0.44 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in TTMI. Acadian Asset Management LLC bought a new stake in shares of TTM Technologies during the 3rd quarter valued at about $116,000. AlphaCrest Capital Management LLC bought a new stake in TTM Technologies during the third quarter worth about $204,000. UBS Asset Management Americas Inc. boosted its stake in TTM Technologies by 10.1% during the third quarter. UBS Asset Management Americas Inc. now owns 93,450 shares of the technology company’s stock worth $1,066,000 after acquiring an additional 8,606 shares in the last quarter. Engineers Gate Manager LP boosted its stake in TTM Technologies by 174.8% during the third quarter. Engineers Gate Manager LP now owns 111,313 shares of the technology company’s stock worth $1,270,000 after acquiring an additional 70,812 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its stake in TTM Technologies by 62.6% during the third quarter. State of Tennessee Treasury Department now owns 89,220 shares of the technology company’s stock worth $1,018,000 after acquiring an additional 34,345 shares in the last quarter.

TTMI has been the topic of a number of analyst reports. Truist boosted their price objective on shares of TTM Technologies from $15.00 to $16.00 in a research report on Friday, January 15th. B. Riley boosted their price objective on shares of TTM Technologies from $17.75 to $19.25 in a research report on Thursday, February 4th. Needham & Company LLC boosted their price objective on shares of TTM Technologies from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, February 4th. Finally, Zacks Investment Research cut shares of TTM Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $15.89.

TTM Technologies Company Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. The company operates through two segments, PCB and E-M Solutions. The company offers a range of PCB products, radio-frequency (RF) components, and electro-mechanical solutions, including conventional PCBs, RF and microwave circuits, high density interconnect PCBs, substrate-like PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, IC substrates, passive RF components, advanced ceramic RF components, multi-chip modules, and beamforming and switching networks.

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Insider Buying and Selling by Quarter for TTM Technologies (NASDAQ:TTMI)

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