TTM Technologies, Inc. (NASDAQ:TTMI) EVP Sells $247,000.00 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) 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) 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

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in TTM Technologies by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 13,610,120 shares of the technology company’s stock worth $212,998,000 after purchasing an additional 63,073 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in TTM Technologies by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,299,477 shares of the technology company’s stock worth $131,216,000 after buying an additional 121,498 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in TTM Technologies by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,941,612 shares of the technology company’s stock valued at $30,697,000 after buying an additional 96,265 shares during the period. American Century Companies Inc. lifted its holdings in TTM Technologies by 88.8% in the second quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company’s stock valued at $28,745,000 after buying an additional 695,844 shares during the period. Finally, Bridgeway Capital Management LLC grew its holdings in TTM Technologies by 4.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 934,498 shares of the technology company’s stock worth $14,774,000 after acquiring an additional 40,111 shares during the period. 95.79% of the stock is currently owned by institutional investors.

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.

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.