Insider Selling: TTM Technologies, Inc. (NASDAQ:TTMI) Insider Sells 5,159 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMI) insider Robert P. Farrell sold 5,159 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $18.99, for a total value of $97,969.41. Following the completion of the transaction, the insider now directly owns 22,958 shares of the company’s stock, valued at approximately $435,972.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

TTM Technologies Trading Down 0.9 %

Shares of NASDAQ:TTMI opened at $19.40 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.77 and a current ratio of 2.09. The firm has a fifty day moving average price of $17.82 and a 200 day moving average price of $15.94. TTM Technologies, Inc. has a fifty-two week low of $11.14 and a fifty-two week high of $20.10.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. TTM Technologies had a positive return on equity of 8.63% and a negative net margin of 0.11%. The business had revenue of $570.11 million for the quarter, compared to the consensus estimate of $553.01 million. On average, equities analysts forecast that TTM Technologies, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TTMI has been the subject of several research analyst reports. Needham & Company LLC lifted their price objective on 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 increased their price target for the stock from $15.00 to $19.00 in a research report on Thursday, May 2nd. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $18.83.

Institutional Investors Weigh In On TTM Technologies

Large investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new position in shares of TTM Technologies during the 1st quarter valued at approximately $37,000. EntryPoint Capital LLC increased its stake in TTM Technologies by 108.1% in the first quarter. EntryPoint Capital LLC now owns 6,264 shares of the technology company’s stock worth $98,000 after purchasing an additional 3,254 shares during the period. AXQ Capital LP purchased a new stake in TTM Technologies in the third quarter worth $144,000. Versor Investments LP bought a new stake in shares of TTM Technologies during the fourth quarter worth $236,000. Finally, Larson Financial Group LLC purchased a new stake in shares of TTM Technologies during the first quarter valued at $266,000. 95.79% of the stock is owned by 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.