TTM Technologies, Inc. (NASDAQ:TTMI) EVP Sells $194,280.00 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Douglas L. Soder sold 9,714 shares of TTM Technologies stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $20.00, for a total value of $194,280.00. Following the completion of the sale, the executive vice president now directly owns 204,493 shares of the company’s stock, valued at $4,089,860. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

TTM Technologies Price Performance

NASDAQ TTMI traded up $0.53 during trading on Wednesday, reaching $19.99. 490,783 shares of the company’s stock were exchanged, compared to its average volume of 687,589. TTM Technologies, Inc. has a 1 year low of $11.14 and a 1 year 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 has a 50 day moving average price of $18.12 and a two-hundred day moving average price of $16.04.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, May 1st. The technology company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.03. TTM Technologies had a positive return on equity of 8.63% and a negative net margin of 0.11%. The business had revenue of $570.11 million during the quarter, compared to the consensus estimate of $553.01 million. Sell-side analysts forecast that TTM Technologies, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TTMI. Needham & Company LLC lifted their price objective on TTM Technologies from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Stifel Nicolaus raised TTM Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the company from $15.00 to $19.00 in a research note on Thursday, May 2nd. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $18.83.

Institutional Trading of TTM Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP purchased a new stake in shares of TTM Technologies in the 3rd quarter valued at about $13,051,000. Panagora Asset Management Inc. increased its position in TTM Technologies by 36.3% in the 4th quarter. Panagora Asset Management Inc. now owns 472,739 shares of the technology company’s stock valued at $7,474,000 after acquiring an additional 125,810 shares during the period. Bridgeway Capital Management LLC increased its position in TTM Technologies by 4.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 934,498 shares of the technology company’s stock valued at $14,774,000 after acquiring an additional 40,111 shares during the period. Allianz Asset Management GmbH increased its position in TTM Technologies by 169.2% in the 4th quarter. Allianz Asset Management GmbH now owns 137,014 shares of the technology company’s stock valued at $2,166,000 after acquiring an additional 86,112 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new position in TTM Technologies in the 4th quarter valued at about $809,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

About TTM Technologies

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.