Robert P. Farrell Sells 460 Shares of TTM Technologies, Inc. (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI) insider Robert P. Farrell sold 460 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.33, for a total value of $12,111.80. Following the completion of the sale, the insider now directly owns 21,298 shares in the company, valued at $560,776.34. This represents a 2.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

TTM Technologies Stock Down 1.2 %

Shares of TTM Technologies stock opened at $26.02 on Friday. The stock’s fifty day moving average is $25.33 and its 200-day moving average is $22.20. The firm has a market capitalization of $2.65 billion, a PE ratio of 48.19 and a beta of 1.19. 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, Inc. has a 12-month low of $13.43 and a 12-month high of $30.41.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping 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%. Equities analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TTMI shares. Needham & Company LLC boosted their price objective on TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Stifel Nicolaus started coverage on TTM Technologies in a research note on Tuesday, February 11th. They issued a “buy” rating and a $33.00 price objective on the stock.

Institutional Investors Weigh In On TTM Technologies

A number of institutional investors and hedge funds have recently modified their holdings of TTMI. Franklin Resources Inc. raised its position in shares of TTM Technologies by 532.1% during the fourth quarter. Franklin Resources Inc. now owns 1,957,741 shares of the technology company’s stock worth $48,454,000 after purchasing an additional 1,648,017 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of TTM Technologies during the third quarter worth $18,600,000. Point72 Hong Kong Ltd acquired a new stake in shares of TTM Technologies during the third quarter worth $15,314,000. Victory Capital Management Inc. raised its position in shares of TTM Technologies by 391.6% during the fourth quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company’s stock worth $24,268,000 after purchasing an additional 781,058 shares during the period. Finally, T. Rowe Price Investment Management Inc. acquired a new position in TTM Technologies during the fourth quarter valued at $19,040,000. 95.79% of the stock is owned by institutional investors and hedge funds.

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.