Insider Selling: TTM Technologies, Inc. (TTMI) EVP Sells 105,324 Shares of Stock
TTM Technologies, Inc. (NASDAQ:TTMI) EVP Tai Keung Chung sold 105,324 shares of TTM Technologies stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $16.15, for a total transaction of $1,700,982.60. Following the completion of the transaction, the executive vice president now directly owns 83,858 shares of the company’s stock, valued at $1,354,306.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
TTM Technologies, Inc. (NASDAQ TTMI) opened at $16.25 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.96. TTM Technologies, Inc. has a twelve month low of $12.76 and a twelve month high of $19.54. The firm has a market cap of $1,663.09, a P/E ratio of 14.77 and a beta of 1.65.
TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.05. TTM Technologies had a net margin of 4.67% and a return on equity of 13.26%. The firm had revenue of $739.30 million during the quarter, compared to analysts’ expectations of $724.65 million. During the same period in the previous year, the company earned $0.58 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. analysts anticipate that TTM Technologies, Inc. will post 1.04 EPS for the current fiscal year.
Several research analysts have issued reports on TTMI shares. Zacks Investment Research raised shares of TTM Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. BidaskClub cut shares of TTM Technologies from a “hold” rating to a “sell” rating in a report on Monday, December 11th. Stifel Nicolaus decreased their target price on shares of TTM Technologies from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Needham & Company LLC decreased their target price on shares of TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating for the company in a report on Thursday, February 8th. Finally, SunTrust Banks started coverage on shares of TTM Technologies in a report on Thursday, December 14th. They issued a “buy” rating and a $20.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target 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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