TTM Technologies, Inc. (NASDAQ:TTMI) EVP Sells $306,178.58 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Douglas L. Soder sold 15,286 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $20.03, for a total transaction of $306,178.58. Following the completion of the sale, the executive vice president now owns 214,207 shares of the company’s stock, valued at $4,290,566.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

TTM Technologies Stock Down 0.9 %

TTMI stock traded down $0.17 during mid-day trading on Thursday, hitting $19.40. 571,182 shares of the company were exchanged, compared to its average volume of 686,399. The firm has a fifty day simple moving average of $17.71 and a 200 day simple moving average of $15.92. TTM Technologies, Inc. has a twelve month low of $11.14 and a twelve month high of $20.10. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.09 and a quick ratio of 1.77.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.25 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $570.11 million during the quarter, compared to analyst estimates of $553.01 million. Equities research analysts expect that TTM Technologies, Inc. will post 1.29 EPS for the current year.

Institutional Trading of TTM Technologies

Several institutional investors have recently added to or reduced their stakes in TTMI. ProShare Advisors LLC lifted its holdings in TTM Technologies by 5.9% in the first quarter. ProShare Advisors LLC now owns 20,565 shares of the technology company’s stock worth $322,000 after acquiring an additional 1,150 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in TTM Technologies by 2.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 61,101 shares of the technology company’s stock worth $956,000 after buying an additional 1,358 shares during the last quarter. Diversified Trust Co increased its position in TTM Technologies by 8.8% in the fourth quarter. Diversified Trust Co now owns 22,445 shares of the technology company’s stock worth $355,000 after buying an additional 1,814 shares during the period. Headlands Technologies LLC bought a new stake in TTM Technologies in the first quarter valued at $37,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of TTM Technologies by 5.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,051 shares of the technology company’s stock valued at $728,000 after acquiring an additional 2,476 shares during the period. Institutional investors own 95.79% of the company’s stock.

Analysts Set New Price Targets

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

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.