TTM Technologies, Inc. (TTMI) Director Sells $42,870.00 in Stock
TTM Technologies, Inc. (NASDAQ:TTMI) Director Kenton K. Alder sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $14.29, for a total transaction of $42,870.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of TTM Technologies, Inc. (NASDAQ TTMI) traded down 1.117% on Monday, reaching $13.725. 557,394 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $16.01 and its 200-day moving average price is $16.45. The company has a market capitalization of $1.40 billion, a P/E ratio of 19.196 and a beta of 1.46. TTM Technologies, Inc. has a 12 month low of $10.04 and a 12 month high of $19.54.
TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.04. TTM Technologies had a net margin of 2.97% and a return on equity of 17.05%. The firm had revenue of $627.20 million during the quarter, compared to analyst estimates of $625.43 million. During the same period in the prior year, the business posted $0.28 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that TTM Technologies, Inc. will post $1.53 EPS for the current year.
Large investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. purchased a new stake in shares of TTM Technologies during the first quarter worth about $101,000. Riverhead Capital Management LLC raised its stake in shares of TTM Technologies by 71.5% in the second quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock worth $119,000 after buying an additional 2,860 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in shares of TTM Technologies during the second quarter worth about $133,000. Sei Investments Co. raised its stake in shares of TTM Technologies by 197.1% in the second quarter. Sei Investments Co. now owns 9,235 shares of the technology company’s stock worth $161,000 after buying an additional 6,127 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of TTM Technologies by 1.5% in the first quarter. State of Alaska Department of Revenue now owns 9,310 shares of the technology company’s stock worth $150,000 after buying an additional 140 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.
TTMI has been the topic of several research analyst reports. Needham & Company LLC raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research report on Monday, August 7th. Stifel Nicolaus cut shares of TTM Technologies from a “buy” rating to a “hold” rating and raised their target price for the stock from $18.50 to $19.00 in a research report on Friday, July 28th. Zacks Investment Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research report on Tuesday, May 9th. BidaskClub cut shares of TTM Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, J P Morgan Chase & Co set a $22.00 target price on shares of TTM Technologies and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $20.13.
TTM Technologies Company Profile
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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