TTM Technologies (NASDAQ:TTMI) Director Acquires $902,500.00 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) Director Wajid Ali purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, October 28th. The shares were purchased at an average price of $90.25 per share, with a total value of $902,500.00. Following the acquisition, the director directly owned 35,835 shares in the company, valued at approximately $3,234,108.75. The trade was a 38.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

TTM Technologies Stock Down 5.4%

TTMI stock opened at $82.94 on Friday. The firm has a market cap of $8.74 billion, a PE ratio of 33.04 and a beta of 2.14. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.49 and a current ratio of 1.67. The firm’s 50 day moving average price is $113.29 and its 200-day moving average price is $127.55. TTM Technologies, Inc. has a one year low of $55.44 and a one year high of $223.83.

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 analysts’ consensus estimates of $1.25 by $0.21. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.13 billion. TTM Technologies had a return on equity of 19.19% and a net margin of 7.01%. The firm’s quarterly revenue was up 59.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 earnings per share. On average, equities research analysts anticipate that TTM Technologies, Inc. will post 4.36 EPS for the current year.

Institutional Trading of TTM Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its position in shares of TTM Technologies by 1.6% during the third quarter. Oregon Public Employees Retirement Fund now owns 21,804 shares of the technology company’s stock worth $2,678,000 after acquiring an additional 342 shares during the period. BOCHK Asset Management Ltd raised its stake in shares of TTM Technologies by 97.7% in the third quarter. BOCHK Asset Management Ltd now owns 1,178 shares of the technology company’s stock valued at $145,000 after acquiring an additional 582 shares in the last quarter. XML Financial LLC boosted its holdings in TTM Technologies by 9.9% in the third quarter. XML Financial LLC now owns 6,647 shares of the technology company’s stock valued at $817,000 after purchasing an additional 600 shares during the period. Trek Financial LLC boosted its holdings in TTM Technologies by 12.4% in the third quarter. Trek Financial LLC now owns 5,218 shares of the technology company’s stock valued at $641,000 after purchasing an additional 574 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in TTM Technologies in the third quarter valued at $1,360,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Stifel Nicolaus decreased their price target on TTM Technologies from $205.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Needham & Company LLC cut their price objective on TTM Technologies from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, October 23rd. Truist Financial cut their price objective on TTM Technologies from $231.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, October 23rd. Weiss Ratings lowered shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Finally, Zacks Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $173.25.

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.