Investors Buy Large Volume of TTM Technologies Call Options (NASDAQ:TTMI)

TTM Technologies, Inc. (NASDAQ:TTMI) was the recipient of unusually large options trading on Monday. Stock traders bought 10,816 call options on the company. This is an increase of 144% compared to the typical daily volume of 4,440 call options.

TTM Technologies Price Performance

NASDAQ TTMI traded up $7.50 on Monday, reaching $87.61. The company had a trading volume of 3,910,380 shares, compared to its average volume of 2,709,970. The stock has a market capitalization of $9.23 billion, a PE ratio of 34.93 and a beta of 2.14. TTM Technologies has a 12 month low of $55.44 and a 12 month high of $223.83. The company has a quick ratio of 1.49, a current ratio of 1.67 and a debt-to-equity ratio of 0.71. The firm’s 50 day moving average price is $117.07 and its 200 day moving average price is $142.02.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Thursday, October 22nd. The technology company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.25 by $0.21. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.13 billion. TTM Technologies had a net margin of 7.01% and a return on equity of 19.19%. The business’s revenue was up 59.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 EPS. As a group, equities analysts predict that TTM Technologies will post 4.22 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on TTMI shares. Wall Street Zen raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings cut shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Zacks Research downgraded shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Stifel Nicolaus dropped their price target on shares of TTM Technologies from $205.00 to $165.00 and set a “buy” rating for the company in a research report on Friday. Finally, Needham & Company LLC reduced their price objective on shares of TTM Technologies from $175.00 to $150.00 and set a “buy” rating for the company in a research note on Friday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $173.25.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, CEO Edwin Roks purchased 10,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were purchased at an average cost of $111.77 per share, with a total value of $1,117,700.00. Following the completion of the acquisition, the chief executive officer directly owned 64,814 shares in the company, valued at $7,244,260.78. This trade represents a 18.24% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Dale Knecht sold 26,198 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $142.00, for a total transaction of $3,720,116.00. Following the transaction, the senior vice president owned 40,138 shares in the company, valued at approximately $5,699,596. This trade represents a 39.49% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in shares of TTM Technologies by 1.8% in the 2nd quarter. GAMMA Investing LLC now owns 4,340 shares of the technology company’s stock valued at $812,000 after buying an additional 75 shares during the period. Parallel Advisors LLC increased its position in TTM Technologies by 36.2% in the 1st quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock valued at $32,000 after acquiring an additional 87 shares during the period. GoalVest Advisory LLC raised its stake in shares of TTM Technologies by 456.7% during the second quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock valued at $31,000 after purchasing an additional 137 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of TTM Technologies by 4.5% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 3,289 shares of the technology company’s stock worth $320,000 after acquiring an additional 142 shares during the period. Finally, Elm3 Financial Group LLC lifted its holdings in shares of TTM Technologies by 7.1% in the third quarter. Elm3 Financial Group LLC now owns 2,142 shares of the technology company’s stock valued at $263,000 after buying an additional 142 shares during the period. 95.79% of the stock is owned by hedge funds and other institutional investors.

About TTM Technologies

TTM Technologies, Inc is a manufacturer of technology solutions and printed circuit boards (PCBs), which are used to connect and support electronic components in a wide range of products. The company produces conventional rigid PCBs as well as high-density interconnect, flexible and rigid-flex circuit boards, and other advanced circuit technologies.

TTM also provides radio-frequency and microwave/microelectronic assembly capabilities, including components and assemblies used in communications, radar and other high-frequency applications.