TTM Technologies (NASDAQ:TTMI) Stock: Insider Philip Franklin Buys 5,000 Shares

TTM Technologies, Inc. (NASDAQ:TTMI) Director Philip Franklin bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The stock was purchased at an average cost of $61.92 per share, with a total value of $309,600.00. Following the purchase, the director directly owned 161,725 shares in the company, valued at $10,014,012. The trade was a 3.19% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

TTM Technologies Price Performance

NASDAQ:TTMI opened at $72.23 on Wednesday. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 28.78 and a beta of 2.25. The company has a current ratio of 1.67, a quick ratio of 1.49 and a debt-to-equity ratio of 0.71. The company’s 50-day moving average is $107.16 and its two-hundred day moving average is $126.66. TTM Technologies, Inc. has a 12-month low of $55.44 and a 12-month high of $223.83.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Thursday, October 22nd. The technology company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.21. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.13 billion. TTM Technologies had a net margin of 7.01% and a return on equity of 19.19%. The firm’s revenue for the quarter was up 59.9% compared to the same quarter last year. During the same period last year, the company earned $0.50 EPS. Research analysts expect that TTM Technologies, Inc. will post 4.36 EPS for the current year.

Institutional Trading of TTM Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of TTM Technologies during the 2nd quarter worth about $2,053,347,000. Wellington Management Group LLP grew its holdings in TTM Technologies by 61.9% in the second quarter. Wellington Management Group LLP now owns 2,268,404 shares of the technology company’s stock valued at $424,237,000 after purchasing an additional 867,255 shares during the period. Atalan Capital Partners LP purchased a new stake in TTM Technologies in the second quarter valued at approximately $189,234,000. Allspring Global Investments Holdings LLC grew its holdings in TTM Technologies by 40.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 768,992 shares of the technology company’s stock valued at $97,277,000 after purchasing an additional 221,426 shares during the period. Finally, Bank of New York Mellon Corp increased its position in TTM Technologies by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 715,543 shares of the technology company’s stock worth $69,708,000 after purchasing an additional 11,610 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analysts Set New Price Targets

TTMI has been the topic of a number of analyst reports. Wall Street Zen lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 1st. Zacks Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Needham & Company LLC cut their price target on TTM Technologies from $175.00 to $150.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Stifel Nicolaus reduced their price target on TTM Technologies from $205.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Finally, Weiss Ratings cut TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $173.25.

TTM Technologies Company Profile

TTM Technologies, Inc. designs and manufactures printed circuit boards (PCBs) and radio-frequency (RF) and microwave components and assemblies. Its products support the development and operation of electronic systems used in communications, data infrastructure, aerospace and defense, automotive, medical, and industrial applications. The company provides engineering and manufacturing services, including PCB design support, prototyping, and production. TTM serves customers around the world through operations in North America and Asia.