TTM Technologies, Inc. (NASDAQ:TTMI) Insider Sells $12,160.00 in Stock

TTM Technologies, Inc. (NASDAQ:TTMIGet Free Report) insider Steven Spoto sold 500 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $24.32, for a total value of $12,160.00. Following the completion of the sale, the insider now directly owns 3,484 shares of the company’s stock, valued at $84,730.88. The trade was a 12.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TTM Technologies Stock Performance

Shares of TTM Technologies stock opened at $21.83 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $2.23 billion, a P/E ratio of 40.43 and a beta of 1.19. The business has a fifty day simple moving average of $24.68 and a two-hundred day simple moving average of $22.69. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $30.41.

TTM Technologies (NASDAQ:TTMIGet Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 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 forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on TTMI. Needham & Company LLC raised their price target on TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Stifel Nicolaus began coverage on TTM Technologies in a research note on Tuesday, February 11th. They issued a “buy” rating and a $33.00 price target for the company.

Check Out Our Latest Report on TTM Technologies

Hedge Funds Weigh In On TTM Technologies

Several large investors have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of TTM Technologies in the 4th quarter worth about $4,632,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of TTM Technologies by 34.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 176,872 shares of the technology company’s stock worth $4,378,000 after purchasing an additional 44,833 shares during the last quarter. State of Wyoming raised its position in shares of TTM Technologies by 103.3% in the 4th quarter. State of Wyoming now owns 5,708 shares of the technology company’s stock worth $141,000 after purchasing an additional 2,900 shares during the last quarter. ProShare Advisors LLC raised its position in shares of TTM Technologies by 44.4% in the 4th quarter. ProShare Advisors LLC now owns 30,448 shares of the technology company’s stock worth $754,000 after purchasing an additional 9,366 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of TTM Technologies by 38.9% in the 4th quarter. Millennium Management LLC now owns 520,666 shares of the technology company’s stock worth $12,886,000 after purchasing an additional 145,917 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

TTM Technologies Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for TTM Technologies (NASDAQ:TTMI)

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