TTM Technologies, Inc. (NASDAQ:TTMI) Director Kenton K. Alder sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $18.43, for a total value of $55,290.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
TTM Technologies, Inc. (NASDAQ:TTMI) traded down 2.95% during trading on Tuesday, reaching $12.81. The company had a trading volume of 1,036,334 shares. The firm has a market capitalization of $1.30 billion, a P/E ratio of 17.92 and a beta of 1.46. The stock has a 50 day moving average price of $16.95 and a 200 day moving average price of $16.57. TTM Technologies, Inc. has a 52 week low of $10.04 and a 52 week high of $19.54.
TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.04. The company had revenue of $627.20 million for the quarter, compared to analyst estimates of $625.43 million. TTM Technologies had a return on equity of 17.05% and a net margin of 2.97%. TTM Technologies’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share. Analysts predict that TTM Technologies, Inc. will post $1.53 earnings per share for the current year.
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Several large investors have recently bought and sold shares of the company. IHT Wealth Management LLC raised its stake in TTM Technologies by 0.6% in the first quarter. IHT Wealth Management LLC now owns 18,766 shares of the technology company’s stock valued at $305,000 after buying an additional 106 shares during the last quarter. State of Alaska Department of Revenue raised its stake in TTM Technologies by 1.5% in the first quarter. State of Alaska Department of Revenue now owns 9,310 shares of the technology company’s stock valued at $150,000 after buying an additional 140 shares during the last quarter. CS Mckee LP raised its stake in TTM Technologies by 0.3% in the second quarter. CS Mckee LP now owns 70,900 shares of the technology company’s stock valued at $1,231,000 after buying an additional 200 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in TTM Technologies by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 66,907 shares of the technology company’s stock valued at $912,000 after buying an additional 223 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in TTM Technologies by 0.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 39,390 shares of the technology company’s stock valued at $636,000 after buying an additional 230 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have commented on TTMI. BidaskClub raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Stifel Nicolaus lowered TTM Technologies from a “buy” rating to a “hold” rating and lifted their target price for the stock from $18.50 to $19.00 in a report on Friday, July 28th. Needham & Company LLC lifted their target price on TTM Technologies from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, June 9th. TheStreet raised TTM Technologies from a “c” rating to a “b-” rating in a report on Wednesday, May 3rd. Finally, Zacks Investment Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $19.88.
TTM Technologies Company Profile
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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