TTM Technologies (NASDAQ:TTMI) Reaches New 1-Year High at $19.59

TTM Technologies, Inc. (NASDAQ:TTMI)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $19.59 and last traded at $19.59, with a volume of 761 shares. The stock had previously closed at $19.40.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TTMI. Needham & Company LLC upped their price target on shares of TTM Technologies from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Stifel Nicolaus upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $15.00 to $19.00 in a report on Thursday, May 2nd. Four research analysts have rated the stock with a buy rating, According to MarketBeat, TTM Technologies currently has a consensus rating of “Buy” and an average target price of $18.83.

TTM Technologies Trading Up 1.0 %

The company has a current ratio of 2.09, a quick ratio of 1.77 and a debt-to-equity ratio of 0.60. The stock’s 50-day simple moving average is $17.39 and its 200 day simple moving average is $15.82.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The business had revenue of $570.11 million for the quarter, compared to analysts’ expectations of $553.01 million. TTM Technologies had a negative net margin of 0.11% and a positive return on equity of 8.63%. As a group, sell-side analysts predict that TTM Technologies, Inc. will post 1.29 EPS for the current year.

Insider Buying and Selling at TTM Technologies

In other news, insider Anthony Joseph Sandeen sold 23,683 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $17.53, for a total transaction of $415,162.99. Following the transaction, the insider now owns 28,056 shares in the company, valued at $491,821.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Anthony Joseph Sandeen sold 23,683 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $17.53, for a total transaction of $415,162.99. Following the transaction, the insider now owns 28,056 shares in the company, valued at $491,821.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Dale Martin Knecht sold 7,029 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $18.14, for a total transaction of $127,506.06. Following the completion of the sale, the senior vice president now owns 90,024 shares in the company, valued at approximately $1,633,035.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,712 shares of company stock valued at $992,919. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TTM Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new stake in TTM Technologies in the 1st quarter valued at about $37,000. EntryPoint Capital LLC increased its stake in TTM Technologies by 108.1% in the 1st quarter. EntryPoint Capital LLC now owns 6,264 shares of the technology company’s stock valued at $98,000 after buying an additional 3,254 shares during the last quarter. AXQ Capital LP purchased a new stake in TTM Technologies in the 3rd quarter valued at about $144,000. Versor Investments LP purchased a new stake in TTM Technologies in the 4th quarter valued at about $236,000. Finally, Larson Financial Group LLC purchased a new stake in TTM Technologies in the 1st quarter valued at about $266,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

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.