TTM Technologies, Inc. (NASDAQ:TTMI) VP Tony Sanchez sold 3,975 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $16.09, for a total value of $63,957.75. Following the transaction, the vice president now owns 29,569 shares of the company’s stock, valued at $475,765.21. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of TTM Technologies, Inc. (NASDAQ:TTMI) traded down $0.08 on Tuesday, reaching $16.24. The company had a trading volume of 628,986 shares, compared to its average volume of 1,080,000. The company has a market capitalization of $1,650.00, a P/E ratio of 10.97 and a beta of 1.70. TTM Technologies, Inc. has a 12 month low of $12.76 and a 12 month high of $19.54. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.29 and a current ratio of 1.70.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The company had revenue of $739.30 million during the quarter, compared to the consensus estimate of $724.65 million. TTM Technologies had a return on equity of 13.26% and a net margin of 4.67%. TTM Technologies’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the company earned $0.58 earnings per share. sell-side analysts anticipate that TTM Technologies, Inc. will post 1.04 EPS for the current year.
A number of research firms have recently commented on TTMI. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $20.00 target price (down from $22.00) on shares of TTM Technologies in a research report on Thursday, February 8th. BidaskClub downgraded TTM Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. SunTrust Banks began coverage on TTM Technologies in a research report on Thursday, December 14th. They issued a “buy” rating and a $20.00 price target for the company. Zacks Investment Research downgraded TTM Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Finally, Needham & Company LLC lowered their price target on TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating for the company in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $19.50.
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). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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