TTM Technologies (NASDAQ:TTMI) Reaches New 12-Month High at $21.43

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $21.43 and last traded at $21.43, with a volume of 140320 shares trading hands. The stock had previously closed at $20.96.

Wall Street Analyst Weigh In

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

TTM Technologies Price Performance

The company’s fifty day simple moving average is $19.06 and its 200 day simple moving average is $16.37. 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 results on Wednesday, May 1st. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. TTM Technologies had a negative net margin of 0.11% and a positive return on equity of 8.63%. The company had revenue of $570.11 million for the quarter, compared to analysts’ expectations of $553.01 million. Equities research analysts expect that TTM Technologies, Inc. will post 1.29 EPS for the current year.

Insider Activity

In related news, insider Jeff Jankowsky sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $20.04, for a total value of $200,400.00. Following the sale, the insider now directly owns 60,273 shares of the company’s stock, valued at $1,207,870.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other TTM Technologies news, insider Jeff Jankowsky sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $20.04, for a total value of $200,400.00. Following the sale, the insider now owns 60,273 shares in the company, valued at $1,207,870.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Douglas L. Soder sold 9,714 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $20.00, for a total transaction of $194,280.00. Following the transaction, the executive vice president now directly owns 204,493 shares of the company’s stock, valued at approximately $4,089,860. The disclosure for this sale can be found here. Insiders sold a total of 124,721 shares of company stock worth $2,339,678 in the last quarter. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On TTM Technologies

Hedge funds have recently added to or reduced their stakes in the stock. CWM LLC boosted its stake in TTM Technologies by 202.6% in the 2nd quarter. CWM LLC now owns 1,858 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,244 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of TTM Technologies in the first quarter worth approximately $37,000. EntryPoint Capital LLC lifted its stake in shares of 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 buying an additional 3,254 shares in the last quarter. Versor Investments LP purchased a new stake in shares of TTM Technologies during the fourth quarter valued at approximately $236,000. Finally, Larson Financial Group LLC bought a new stake in shares of TTM Technologies during the first quarter valued at approximately $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.