TTM Technologies, Inc. (NASDAQ:TTMI) Insider Sells $97,969.41 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) insider Robert P. Farrell sold 5,159 shares of TTM Technologies stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $18.99, for a total transaction of $97,969.41. Following the sale, the insider now owns 22,958 shares in the company, valued at $435,972.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

TTM Technologies Stock Up 0.2 %

Shares of NASDAQ TTMI opened at $19.43 on Friday. The company’s 50 day moving average price is $17.92 and its 200-day moving average price is $15.97. The company has a market capitalization of $1.98 billion, a P/E ratio of -971.01 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.77 and a current ratio of 2.09. TTM Technologies, Inc. has a 52-week low of $11.14 and a 52-week high of $20.10.

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TTMI shares. Needham & Company LLC boosted their price target on shares of TTM Technologies from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Stifel Nicolaus upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating and boosted their price target for the stock from $15.00 to $19.00 in a research report on Thursday, May 2nd. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $18.83.

Institutional Trading of TTM Technologies

Several hedge funds have recently modified their holdings of TTMI. Deutsche Bank AG increased its stake in shares of TTM Technologies by 19.8% in the 3rd quarter. Deutsche Bank AG now owns 49,835 shares of the technology company’s stock valued at $642,000 after acquiring an additional 8,231 shares in the last quarter. Invesco Ltd. increased its stake in TTM Technologies by 2.7% during the 3rd quarter. Invesco Ltd. now owns 1,478,467 shares of the technology company’s stock valued at $19,043,000 after purchasing an additional 39,445 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in TTM Technologies during the 3rd quarter valued at $278,000. B. Riley Asset Management LLC bought a new stake in TTM Technologies during the 3rd quarter valued at $1,010,000. Finally, AXQ Capital LP bought a new stake in TTM Technologies during the 3rd quarter valued at $144,000. 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.