TTM Technologies, Inc. (NASDAQ:TTMI) EVP Sells $395,100.00 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Daniel J. Weber sold 15,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.34, for a total value of $395,100.00. Following the completion of the sale, the executive vice president now directly owns 95,153 shares of the company’s stock, valued at $2,506,330.02. The trade was a 13.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

TTM Technologies Stock Performance

Shares of TTMI stock opened at $25.36 on Friday. The stock has a market cap of $2.59 billion, a PE ratio of 46.96 and a beta of 1.19. The business has a 50-day simple moving average of $25.33 and a 200-day simple moving average of $22.25. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week high of $30.41.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. On average, equities analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its stake in TTM Technologies by 75.6% during the third quarter. Jane Street Group LLC now owns 231,208 shares of the technology company’s stock worth $4,220,000 after purchasing an additional 99,512 shares in the last quarter. Natixis Advisors LLC lifted its stake in TTM Technologies by 131.7% during the third quarter. Natixis Advisors LLC now owns 80,631 shares of the technology company’s stock worth $1,471,000 after purchasing an additional 45,835 shares in the last quarter. Quantbot Technologies LP acquired a new position in TTM Technologies during the third quarter worth $847,000. Geode Capital Management LLC lifted its stake in TTM Technologies by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company’s stock worth $44,491,000 after purchasing an additional 30,738 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in TTM Technologies by 26.4% during the third quarter. Mutual of America Capital Management LLC now owns 231,281 shares of the technology company’s stock worth $4,221,000 after purchasing an additional 48,346 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the company. Needham & Company LLC lifted their price target on TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Stifel Nicolaus assumed coverage on TTM Technologies in a research report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price target for the company.

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.