Catherine A. Gridley Sells 6,000 Shares of TTM Technologies, Inc. (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Catherine A. Gridley sold 6,000 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $26.25, for a total transaction of $157,500.00. Following the completion of the transaction, the executive vice president now owns 125,206 shares in the company, valued at approximately $3,286,657.50. The trade was a 4.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

TTM Technologies Price Performance

Shares of NASDAQ TTMI opened at $26.04 on Wednesday. The firm’s 50-day moving average price is $25.30 and its 200-day moving average price is $22.14. TTM Technologies, Inc. has a 1-year low of $13.43 and a 1-year high of $30.41. The firm has a market capitalization of $2.66 billion, a P/E ratio of 48.22 and a beta of 1.19. The company has a current ratio of 1.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.58.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. Equities research analysts anticipate that TTM Technologies, Inc. will post 1.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TTM Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC grew its position in TTM Technologies by 75.6% in the 3rd quarter. Jane Street Group LLC now owns 231,208 shares of the technology company’s stock worth $4,220,000 after purchasing an additional 99,512 shares in the last quarter. Natixis Advisors LLC grew its position in TTM Technologies by 131.7% in the 3rd quarter. Natixis Advisors LLC now owns 80,631 shares of the technology company’s stock worth $1,471,000 after purchasing an additional 45,835 shares in the last quarter. Quantbot Technologies LP bought a new stake in TTM Technologies in the 3rd quarter worth about $847,000. Geode Capital Management LLC grew its position in TTM Technologies by 1.3% in 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 grew its position in TTM Technologies by 26.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 231,281 shares of the technology company’s stock worth $4,221,000 after purchasing an additional 48,346 shares in the last quarter. 95.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TTMI has been the topic of several recent analyst reports. Stifel Nicolaus initiated coverage on shares of TTM Technologies in a report on Tuesday, February 11th. They issued a “buy” rating and a $33.00 target price on the stock. Needham & Company LLC boosted their target price on shares of TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, February 6th.

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.