TTM Technologies, Inc. (NASDAQ:TTMI) Director Kenton K. Alder sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $16.07, for a total value of $48,210.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
TTM Technologies, Inc. (TTMI) traded up $0.15 during midday trading on Friday, hitting $16.71. The company had a trading volume of 625,861 shares, compared to its average volume of 1,391,762. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.21 and a current ratio of 1.65. TTM Technologies, Inc. has a 52-week low of $12.76 and a 52-week high of $19.54. The firm has a market cap of $1,690.00, a P/E ratio of 12.90 and a beta of 1.55.
TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, November 1st. The technology company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. TTM Technologies had a return on equity of 14.77% and a net margin of 2.78%. The firm had revenue of $666.81 million for the quarter, compared to the consensus estimate of $651.67 million. During the same period in the prior year, the firm earned $0.39 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. sell-side analysts predict that TTM Technologies, Inc. will post 1.08 earnings per share for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC increased its position in shares of TTM Technologies by 71.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock valued at $119,000 after acquiring an additional 2,860 shares during the period. Simplex Trading LLC acquired a new position in shares of TTM Technologies in the 3rd quarter valued at $120,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of TTM Technologies by 169.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,048 shares of the technology company’s stock valued at $124,000 after acquiring an additional 5,056 shares during the period. Pacad Investment Ltd. acquired a new position in shares of TTM Technologies in the 2nd quarter valued at $133,000. Finally, Ameritas Investment Partners Inc. boosted its holdings in TTM Technologies by 29.6% in the second quarter. Ameritas Investment Partners Inc. now owns 8,112 shares of the technology company’s stock valued at $141,000 after purchasing an additional 1,852 shares during the last quarter.
A number of analysts have weighed in on TTMI shares. Needham & Company LLC upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating and set a $22.00 target price for the company in a report on Monday, August 7th. Stifel Nicolaus lowered TTM Technologies from a “buy” rating to a “hold” rating and upped their target price for the stock from $18.50 to $19.00 in a report on Friday, July 28th. Zacks Investment Research upgraded TTM Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, October 5th. BidaskClub lowered TTM Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, ValuEngine downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $20.50.
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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