TTM Technologies, Inc. (NASDAQ:TTMI) COO Philip Titterton Sells 24,792 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMI) COO Philip Titterton sold 24,792 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total value of $633,683.52. Following the completion of the sale, the chief operating officer now owns 157,528 shares of the company’s stock, valued at approximately $4,026,415.68. This trade represents a 13.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

TTM Technologies Stock Up 1.9 %

TTMI stock opened at $26.16 on Friday. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $30.41. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 48.44 and a beta of 1.19. The business’s 50 day moving average price is $25.21 and its two-hundred day moving average price is $21.97. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.70 and a current ratio of 1.99.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. As a group, analysts forecast that TTM Technologies, Inc. will post 1.74 earnings per share for the current fiscal year.

Institutional Trading of TTM Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. USA Financial Formulas purchased a new position in TTM Technologies during the 4th quarter valued at about $25,000. GAMMA Investing LLC increased its stake in shares of TTM Technologies by 67.2% during the third quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock valued at $29,000 after purchasing an additional 642 shares in the last quarter. Quarry LP purchased a new position in shares of TTM Technologies during the third quarter valued at approximately $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. Finally, Covestor Ltd grew its stake 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 buying an additional 1,900 shares during the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on TTMI shares. Stifel Nicolaus started coverage on TTM Technologies in a report on Tuesday. They set a “buy” rating and a $33.00 target price for the company. Needham & Company LLC upped their price objective on shares of TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, February 6th.

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.