Daniel J. Weber Sells 15,000 Shares of TTM Technologies, Inc. (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Daniel J. Weber sold 15,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.34, for a total value of $395,100.00. Following the completion of the sale, the executive vice president now owns 95,153 shares in the company, valued at approximately $2,506,330.02. The trade was a 13.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

TTM Technologies Trading Down 2.5 %

TTMI opened at $25.36 on Friday. The stock’s fifty day moving average is $25.33 and its two-hundred day moving average is $22.25. The company has a market capitalization of $2.59 billion, a P/E ratio of 46.96 and a beta of 1.19. TTM Technologies, Inc. has a 52 week low of $13.43 and a 52 week high of $30.41. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. Analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TTMI has been the topic of several recent analyst reports. Needham & Company LLC increased their price target on TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Stifel Nicolaus initiated coverage on TTM Technologies in a report on Tuesday, February 11th. They issued a “buy” rating and a $33.00 price target on the stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. USA Financial Formulas purchased a new position in shares of TTM Technologies in the 4th quarter valued at $25,000. Quarry LP acquired a new stake in shares of TTM Technologies in the 3rd quarter worth $34,000. Smartleaf Asset Management LLC boosted its position in shares of TTM Technologies by 670.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock worth $35,000 after purchasing an additional 1,220 shares in the last quarter. Covestor Ltd boosted its position in shares of TTM Technologies by 3,220.3% in the 3rd quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,900 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of TTM Technologies by 27.7% in the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after purchasing an additional 443 shares in the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

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.