TTM Technologies, Inc. (NASDAQ:TTMI) Director Kenton K. Alder sold 3,000 shares of the company’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $17.43, for a total transaction of $52,290.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of TTM Technologies, Inc. (NASDAQ:TTMI) traded down 3.78% during trading on Friday, reaching $16.80. 1,043,065 shares of the company traded hands. The firm has a 50 day moving average of $15.02 and a 200 day moving average of $12.77. TTM Technologies, Inc. has a 52 week low of $6.05 and a 52 week high of $17.86. The stock has a market capitalization of $1.69 billion, a PE ratio of 49.41 and a beta of 1.39.
TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, February 8th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.13. The company had revenue of $706.50 million for the quarter, compared to analyst estimates of $671.57 million. TTM Technologies had a net margin of 1.38% and a return on equity of 15.90%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business earned $0.31 earnings per share. On average, equities analysts predict that TTM Technologies, Inc. will post $1.58 EPS for the current year.
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Several analysts have recently issued reports on the stock. J P Morgan Chase & Co cut shares of TTM Technologies from an “overweight” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research report on Friday. They noted that the move was a valuation call. Stifel Nicolaus upped their target price on shares of TTM Technologies from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, November 30th. TheStreet upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, November 23rd. Zacks Investment Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a research report on Saturday, February 11th. Finally, Needham & Company LLC upped their price target on shares of TTM Technologies from $12.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, October 27th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $18.25.
A number of hedge funds have recently added to or reduced their stakes in the stock. Artemis Investment Management LLP purchased a new stake in TTM Technologies during the fourth quarter valued at approximately $7,358,000. Teachers Advisors LLC raised its stake in TTM Technologies by 14.4% in the third quarter. Teachers Advisors LLC now owns 1,290,971 shares of the company’s stock valued at $14,782,000 after buying an additional 162,374 shares in the last quarter. KCG Holdings Inc. purchased a new stake in TTM Technologies during the third quarter valued at approximately $651,000. LSV Asset Management purchased a new stake in TTM Technologies during the third quarter valued at approximately $2,472,000. Finally, Aperio Group LLC raised its stake in TTM Technologies by 5.7% in the third quarter. Aperio Group LLC now owns 24,421 shares of the company’s stock valued at $280,000 after buying an additional 1,314 shares in the last quarter. Institutional investors own 80.99% of the company’s stock.
About TTM Technologies
TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). The Company operates approximately 30 specialized facilities in the United States, the People’s Republic of China (China), Canada and Mexico.
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