TTM Technologies, Inc. (NASDAQ:TTMI) Insider Robert P. Farrell Sells 5,159 Shares

TTM Technologies, Inc. (NASDAQ:TTMI) insider Robert P. Farrell sold 5,159 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $18.99, for a total value of $97,969.41. Following the completion of the sale, the insider now directly owns 22,958 shares of the company’s stock, valued at $435,972.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

TTM Technologies Stock Performance

Shares of NASDAQ:TTMI opened at $19.57 on Thursday. TTM Technologies, Inc. has a fifty-two week low of $11.14 and a fifty-two week high of $20.10. The firm’s 50 day moving average price is $17.71 and its 200 day moving average price is $15.92. The company has a quick ratio of 1.77, a current ratio of 2.09 and a debt-to-equity ratio of 0.60.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. The business had revenue of $570.11 million during the quarter, compared to analysts’ expectations of $553.01 million. TTM Technologies had a negative net margin of 0.11% and a positive return on equity of 8.63%. Equities research analysts predict that TTM Technologies, Inc. will post 1.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Comerica Bank lifted its stake in TTM Technologies by 9.4% during the first quarter. Comerica Bank now owns 116,629 shares of the technology company’s stock worth $1,825,000 after purchasing an additional 9,999 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in TTM Technologies by 6.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 63,144 shares of the technology company’s stock worth $989,000 after purchasing an additional 3,592 shares in the last quarter. Keeley Teton Advisors LLC lifted its position in shares of TTM Technologies by 7.3% during the 1st quarter. Keeley Teton Advisors LLC now owns 203,498 shares of the technology company’s stock worth $3,185,000 after buying an additional 13,927 shares during the last quarter. Archon Capital Management LLC acquired a new position in shares of TTM Technologies in the 1st quarter valued at $3,097,000. Finally, EntryPoint Capital LLC grew its position in shares of TTM Technologies by 108.1% in the 1st quarter. EntryPoint Capital LLC now owns 6,264 shares of the technology company’s stock valued at $98,000 after buying an additional 3,254 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

TTMI has been the topic of several analyst reports. Stifel Nicolaus raised shares of TTM Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $15.00 to $19.00 in a research report on Thursday, May 2nd. Needham & Company LLC raised their target price on TTM Technologies from $19.00 to $21.00 and gave the company a “buy” rating in a report on Monday, June 17th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $18.83.

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.