TTM Technologies Inc. (NASDAQ:TTMI) Director Kenton K. Alder sold 75,000 shares of the firm’s stock in a transaction on Monday, October 10th. The stock was sold at an average price of $12.00, for a total value of $900,000.00. Following the completion of the transaction, the director now directly owns 85,267 shares of the company’s stock, valued at $1,023,204. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
TTM Technologies Inc. (NASDAQ:TTMI) opened at 10.86 on Monday. The firm’s 50 day moving average price is $11.12 and its 200-day moving average price is $8.66. The company has a market capitalization of $1.09 billion, a PE ratio of 60.67 and a beta of 1.57. TTM Technologies Inc. has a one year low of $4.67 and a one year high of $12.11.
TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, July 27th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.10. The business had revenue of $601.80 million for the quarter, compared to analyst estimates of $601.48 million. TTM Technologies had a return on equity of 7.86% and a net margin of 0.74%. The firm’s revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 EPS. Equities analysts forecast that TTM Technologies Inc. will post $1.08 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its position in TTM Technologies by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 28,800 shares of the company’s stock worth $217,000 after buying an additional 200 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of TTM Technologies by 0.9% in the third quarter. Capstone Asset Management Co. now owns 45,402 shares of the company’s stock worth $520,000 after buying an additional 400 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of TTM Technologies by 0.9% in the second quarter. Hsbc Holdings PLC now owns 64,898 shares of the company’s stock worth $489,000 after buying an additional 548 shares in the last quarter. Arizona State Retirement System raised its position in shares of TTM Technologies by 2.1% in the second quarter. Arizona State Retirement System now owns 33,825 shares of the company’s stock worth $255,000 after buying an additional 700 shares in the last quarter. Finally, Profund Advisors LLC raised its position in shares of TTM Technologies by 6.8% in the second quarter. Profund Advisors LLC now owns 21,528 shares of the company’s stock worth $162,000 after buying an additional 1,374 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently commented on the company. Zacks Investment Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 target price for the company in a research report on Saturday, July 30th. Stifel Nicolaus cut their price objective on TTM Technologies from $11.00 to $9.50 and set a “buy” rating for the company in a report on Thursday, July 28th. Needham & Company LLC lifted their price objective on TTM Technologies from $10.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of TTM Technologies in a report on Tuesday, August 9th.
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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