TTM Technologies, Inc. (NASDAQ:TTMI) Director Kenton K. Alder sold 3,000 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $15.67, for a total value of $47,010.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
TTM Technologies, Inc. (TTMI) traded up 0.57% during mid-day trading on Tuesday, hitting $15.79. The stock had a trading volume of 572,863 shares. The company has a 50 day moving average price of $14.96 and a 200 day moving average price of $16.13. The stock has a market cap of $1.61 billion, a P/E ratio of 22.08 and a beta of 1.56. TTM Technologies, Inc. has a one year low of $10.85 and a one year high of $19.54.
TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The company had revenue of $627.20 million during the quarter, compared to analyst estimates of $625.43 million. TTM Technologies had a net margin of 2.97% and a return on equity of 17.05%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 EPS. On average, equities analysts anticipate that TTM Technologies, Inc. will post $1.52 EPS for the current year.
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A number of research firms have recently commented on TTMI. Stifel Nicolaus upgraded TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 target price on the stock in a research report on Thursday, August 24th. They noted that the move was a valuation call. BidaskClub upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. J P Morgan Chase & Co set a $22.00 target price on TTM Technologies and gave the stock a “buy” rating in a research report on Wednesday, August 16th. ValuEngine cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research upgraded TTM Technologies from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $20.50.
Institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new stake in shares of TTM Technologies in the 1st quarter valued at about $101,000. Riverhead Capital Management LLC raised its stake 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 purchasing an additional 2,860 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in shares of TTM Technologies in the 2nd quarter valued at about $133,000. Sei Investments Co. raised its stake in shares of TTM Technologies by 197.1% in the 2nd quarter. Sei Investments Co. now owns 9,235 shares of the technology company’s stock valued at $161,000 after purchasing an additional 6,127 shares in the last quarter. Finally, Sigma Planning Corp acquired a new stake in shares of TTM Technologies in the 2nd quarter valued at about $176,000.
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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