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

TTM Technologies, Inc. (NASDAQ:TTMI) 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:TTMI) 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.

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

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.