TTM Technologies, Inc. (NASDAQ:TTMI) VP William Kent Hardwick Sells 1,878 Shares of Stock

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TTM Technologies, Inc. (NASDAQ:TTMI) VP William Kent Hardwick sold 1,878 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $10.65, for a total transaction of $20,000.70. Following the completion of the sale, the vice president now owns 71,506 shares of the company’s stock, valued at approximately $761,538.90. The sale was disclosed in a filing with the SEC, which is accessible through this link.

TTM Technologies stock traded down $0.11 during trading hours on Thursday, hitting $10.04. 38,137 shares of the stock traded hands, compared to its average volume of 1,452,322. The firm has a market capitalization of $1.11 billion, a PE ratio of 7.18 and a beta of 2.52. TTM Technologies, Inc. has a 1 year low of $8.49 and a 1 year high of $18.94. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.91 and a quick ratio of 1.71. The firm’s 50 day moving average price is $10.12.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, July 31st. The technology company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The business had revenue of $633.04 million during the quarter, compared to analysts’ expectations of $622.68 million. TTM Technologies had a return on equity of 6.56% and a net margin of 2.93%. The business’s revenue was down 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 earnings per share. Sell-side analysts expect that TTM Technologies, Inc. will post 0.45 earnings per share for the current year.

Several equities research analysts recently commented on TTMI shares. ValuEngine downgraded shares of TTM Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Needham & Company LLC started coverage on shares of TTM Technologies in a research report on Tuesday, May 7th. They issued a “hold” rating for the company. BidaskClub upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. downgraded shares of TTM Technologies from an “overweight” rating to a “neutral” rating and set a $14.00 price target for the company. in a research report on Monday, August 5th. Finally, Stifel Nicolaus lifted their price target on TTM Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. TTM Technologies has a consensus rating of “Hold” and an average price target of $13.50.

Several hedge funds have recently bought and sold shares of TTMI. First Mercantile Trust Co. purchased a new position in TTM Technologies in the first quarter worth approximately $26,000. Versant Capital Management Inc grew its position in TTM Technologies by 566.3% in the first quarter. Versant Capital Management Inc now owns 2,885 shares of the technology company’s stock worth $33,000 after acquiring an additional 2,452 shares during the period. Resources Investment Advisors Inc. purchased a new position in TTM Technologies in the first quarter worth approximately $34,000. Acadian Asset Management LLC purchased a new position in TTM Technologies in the second quarter worth approximately $45,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in TTM Technologies in the first quarter worth approximately $70,000.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.

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