TTM Technologies Inc. (NASDAQ:TTMI) Director Kenton K. Alder sold 9,000 shares of the company’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $11.46, for a total value of $103,140.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
TTM Technologies Inc. (NASDAQ:TTMI) opened at 11.89 on Tuesday. The firm has a market capitalization of $1.19 billion, a P/E ratio of 66.42 and a beta of 1.57. TTM Technologies Inc. has a 52-week low of $4.67 and a 52-week high of $12.11. The company has a 50 day moving average price of $11.02 and a 200 day moving average price of $8.57.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.10. TTM Technologies had a net margin of 0.74% and a return on equity of 7.86%. The company earned $601.80 million during the quarter, compared to analysts’ expectations of $601.48 million. During the same quarter last year, the company posted $0.17 EPS. The firm’s revenue was up 35.1% compared to the same quarter last year. On average, equities analysts forecast that TTM Technologies Inc. will post $1.08 EPS for the current fiscal year.
A number of brokerages have recently issued reports on TTMI. Zacks Investment Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 price target on the stock in a research report on Saturday, July 30th. Stifel Nicolaus reduced their price target on TTM Technologies from $11.00 to $9.50 and set a “buy” rating on the stock in a research report on Thursday, July 28th. Needham & Company LLC upped their price target on TTM Technologies from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of TTM Technologies in a research report on Tuesday, August 9th.
Several large investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP purchased a new stake in TTM Technologies during the second quarter valued at about $128,000. Citadel Advisors LLC purchased a new stake in TTM Technologies during the second quarter valued at about $131,000. Springbok Capital Management LLC boosted its stake in TTM Technologies by 4,900.3% in the first quarter. Springbok Capital Management LLC now owns 19,851 shares of the company’s stock valued at $132,000 after buying an additional 19,454 shares during the period. BlackRock Inc. boosted its stake in TTM Technologies by 263.9% in the second quarter. BlackRock Inc. now owns 17,945 shares of the company’s stock valued at $136,000 after buying an additional 13,014 shares during the period. Finally, HRS Investment Holdings LLC purchased a new stake in TTM Technologies during the second quarter valued at about $151,000. 71.21% of the stock is owned by institutional investors and hedge funds.
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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