TTM Technologies, Inc. (NASDAQ:TTMI – Get Free Report) EVP Daniel J. Weber sold 13,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $19.00, for a total value of $247,000.00. Following the sale, the executive vice president now owns 94,488 shares of the company’s stock, valued at $1,795,272. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
TTM Technologies Trading Down 1.2 %
NASDAQ TTMI traded down $0.23 on Tuesday, hitting $19.24. The company’s stock had a trading volume of 69,147 shares, compared to its average volume of 767,244. The firm has a market cap of $1.96 billion, a PE ratio of -973.01 and a beta of 1.25. The company’s 50-day moving average is $19.63 and its 200 day moving average is $17.21. The company has a quick ratio of 1.74, a current ratio of 2.04 and a debt-to-equity ratio of 0.60. TTM Technologies, Inc. has a 1-year low of $11.14 and a 1-year high of $22.70.
TTM Technologies (NASDAQ:TTMI – Get Free Report) last announced its earnings results on Wednesday, July 31st. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. TTM Technologies had a return on equity of 9.01% and a net margin of 0.74%. The business had revenue of $605.10 million during the quarter, compared to analyst estimates of $582.70 million. During the same period last year, the company earned $0.28 EPS. TTM Technologies’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, analysts predict that TTM Technologies, Inc. will post 1.31 earnings per share for the current fiscal year.
Institutional Trading of TTM Technologies
Wall Street Analyst Weigh In
A number of research analysts have recently commented on TTMI shares. Truist Financial reissued a “buy” rating and issued a $24.00 target price (up previously from $22.00) on shares of TTM Technologies in a report on Thursday, August 1st. Needham & Company LLC raised their target price on shares of TTM Technologies from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus upped their price target on shares of TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, B. Riley raised their price objective on TTM Technologies from $25.50 to $27.25 and gave the company a “buy” rating in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $24.31.
Check Out Our Latest Report on TTM Technologies
TTM Technologies Company Profile
TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.
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