Insider Selling: TTM Technologies, Inc. (NASDAQ:TTMI) COO Sells 24,792 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMI) COO Philip Titterton sold 24,792 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total transaction of $633,683.52. Following the completion of the transaction, the chief operating officer now owns 157,528 shares in the company, valued at approximately $4,026,415.68. The trade was a 13.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

TTM Technologies Price Performance

Shares of TTMI stock traded up $0.39 during mid-day trading on Thursday, hitting $26.05. 373,368 shares of the stock traded hands, compared to its average volume of 758,341. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month high of $30.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.70 and a current ratio of 1.99. The company’s 50-day simple moving average is $25.19 and its 200-day simple moving average is $21.94. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 48.25 and a beta of 1.19.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. As a group, equities research analysts expect that TTM Technologies, Inc. will post 1.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

TTMI has been the topic of several recent analyst reports. Needham & Company LLC lifted their target price on TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Stifel Nicolaus initiated coverage on shares of TTM Technologies in a research note on Tuesday. They set a “buy” rating and a $33.00 target price on the stock.

Hedge Funds Weigh In On TTM Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC grew its holdings in shares of TTM Technologies by 75.6% during the 3rd quarter. Jane Street Group LLC now owns 231,208 shares of the technology company’s stock valued at $4,220,000 after acquiring an additional 99,512 shares in the last quarter. Natixis Advisors LLC boosted its position in TTM Technologies by 131.7% during the third quarter. Natixis Advisors LLC now owns 80,631 shares of the technology company’s stock valued at $1,471,000 after purchasing an additional 45,835 shares during the last quarter. Quantbot Technologies LP purchased a new position in TTM Technologies in the third quarter valued at about $847,000. Geode Capital Management LLC raised its stake in shares of TTM Technologies by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company’s stock worth $44,491,000 after purchasing an additional 30,738 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of TTM Technologies by 26.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 231,281 shares of the technology company’s stock valued at $4,221,000 after buying an additional 48,346 shares during the last quarter. Hedge funds and other institutional investors 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.