TTM Technologies (NASDAQ:TTMI) Issues Quarterly Earnings Results

TTM Technologies (NASDAQ:TTMI) issued its earnings results on Wednesday. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05, Zacks reports. TTM Technologies had a return on equity of 8.67% and a net margin of 2.90%.

TTM Technologies Stock Up 2.0 %

TTM Technologies stock traded up $0.48 during midday trading on Wednesday, reaching $24.78. The stock had a trading volume of 1,143,210 shares, compared to its average volume of 628,135. TTM Technologies has a 1-year low of $13.43 and a 1-year high of $28.00. The firm’s fifty day simple moving average is $25.03 and its 200-day simple moving average is $21.77. The stock has a market capitalization of $2.53 billion, a P/E ratio of 37.55 and a beta of 1.19. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.00.

Insider Buying and Selling at TTM Technologies

In related news, insider Jeff Jankowsky sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $24.23, for a total transaction of $121,150.00. Following the completion of the transaction, the insider now directly owns 55,273 shares in the company, valued at $1,339,264.79. This represents a 8.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Douglas L. Soder sold 5,985 shares of TTM Technologies stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $25.00, for a total transaction of $149,625.00. Following the sale, the executive vice president now owns 179,493 shares in the company, valued at approximately $4,487,325. This represents a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,233 shares of company stock worth $1,042,577 over the last ninety days. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC restated a “buy” rating and set a $30.00 target price on shares of TTM Technologies in a research note on Tuesday, January 14th.

About TTM Technologies

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.