TTM Technologies, Inc. (NASDAQ:TTMI) EVP Sells $306,178.58 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Douglas L. Soder sold 15,286 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $20.03, for a total transaction of $306,178.58. Following the transaction, the executive vice president now directly owns 214,207 shares in the company, valued at approximately $4,290,566.21. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

TTM Technologies Price Performance

Shares of TTM Technologies stock opened at $19.43 on Friday. The firm has a market cap of $1.98 billion, a PE ratio of -971.01 and a beta of 1.29. TTM Technologies, Inc. has a 12-month low of $11.14 and a 12-month high of $20.10. The company has a quick ratio of 1.77, a current ratio of 2.09 and a debt-to-equity ratio of 0.60. The company’s fifty day simple moving average is $17.92 and its two-hundred day simple moving average is $15.98.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The business had revenue of $570.11 million for the quarter, compared to analyst estimates of $553.01 million. TTM Technologies had a negative net margin of 0.11% and a positive return on equity of 8.63%. As a group, equities analysts expect that TTM Technologies, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on TTMI. Needham & Company LLC increased their target price on shares of TTM Technologies from $19.00 to $21.00 and gave the company a “buy” rating in a report on Monday, June 17th. Stifel Nicolaus raised shares of TTM Technologies from a “hold” rating to a “buy” rating and increased their target price for the company from $15.00 to $19.00 in a report on Thursday, May 2nd. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $18.83.

Institutional Investors Weigh In On TTM Technologies

A number of large investors have recently modified their holdings of the stock. Comerica Bank boosted its stake in shares of TTM Technologies by 9.4% during the 1st quarter. Comerica Bank now owns 116,629 shares of the technology company’s stock valued at $1,825,000 after purchasing an additional 9,999 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of TTM Technologies by 6.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 63,144 shares of the technology company’s stock valued at $989,000 after purchasing an additional 3,592 shares in the last quarter. Keeley Teton Advisors LLC boosted its stake in shares of TTM Technologies by 7.3% during the 1st quarter. Keeley Teton Advisors LLC now owns 203,498 shares of the technology company’s stock valued at $3,185,000 after purchasing an additional 13,927 shares in the last quarter. Archon Capital Management LLC bought a new stake in shares of TTM Technologies during the 1st quarter valued at about $3,097,000. Finally, EntryPoint Capital LLC boosted its stake in shares of TTM Technologies by 108.1% during the 1st quarter. EntryPoint Capital LLC now owns 6,264 shares of the technology company’s stock valued at $98,000 after purchasing an additional 3,254 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

TTM Technologies Company Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.