TTM Technologies (NASDAQ:TTMI) Director Purchases $631,500.00 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) Director Wajid Ali purchased 10,000 shares of TTM Technologies stock in a transaction dated Thursday, November 5th. The stock was bought at an average price of $63.15 per share, with a total value of $631,500.00. Following the completion of the transaction, the director owned 45,835 shares of the company’s stock, valued at $2,894,480.25. This represents a 27.91% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Wajid Ali also recently made the following trade(s):

• On Wednesday, October 28th, Wajid Ali acquired 10,000 shares of TTM Technologies stock. The shares were bought at an average price of $90.25 per share, for a total transaction of $902,500.00.

TTM Technologies Price Performance

TTMI traded down $9.66 during trading on Thursday, reaching $63.72. 7,310,710 shares of the company were exchanged, compared to its average volume of 2,808,127. The company’s 50-day moving average is $111.32 and its two-hundred day moving average is $127.26. The company has a market cap of $6.71 billion, a price-to-earnings ratio of 25.66 and a beta of 2.25. The company has a quick ratio of 1.49, a current ratio of 1.67 and a debt-to-equity ratio of 0.71. TTM Technologies, Inc. has a 12-month low of $55.44 and a 12-month high of $223.83.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Thursday, October 22nd. The technology company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.25 by $0.21. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.13 billion. TTM Technologies had a return on equity of 19.19% and a net margin of 7.01%. The firm’s revenue was up 59.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 EPS. Research analysts forecast that TTM Technologies, Inc. will post 4.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on TTMI. Stifel Nicolaus reduced their price objective on shares of TTM Technologies from $205.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. Needham & Company LLC decreased their target price on shares of TTM Technologies from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, October 23rd. Weiss Ratings cut shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Zacks Research downgraded shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Wall Street Zen lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, TTM Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $173.25.

Institutional Trading of TTM Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of TTM Technologies in the second quarter worth approximately $2,053,347,000. Wellington Management Group LLP lifted its position in TTM Technologies by 61.9% during the second quarter. Wellington Management Group LLP now owns 2,268,404 shares of the technology company’s stock valued at $424,237,000 after purchasing an additional 867,255 shares during the last quarter. Atalan Capital Partners LP purchased a new position in TTM Technologies in the 2nd quarter worth approximately $189,234,000. Allspring Global Investments Holdings LLC grew its stake in TTM Technologies by 40.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 768,992 shares of the technology company’s stock worth $97,277,000 after buying an additional 221,426 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in TTM Technologies by 1.6% in the 1st quarter. Bank of New York Mellon Corp now owns 715,543 shares of the technology company’s stock worth $69,708,000 after buying an additional 11,610 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

TTM Technologies Company Profile

TTM Technologies, Inc is a manufacturer of technology solutions and printed circuit boards (PCBs), which are used to connect and support electronic components in a wide range of products. The company produces conventional rigid PCBs as well as high-density interconnect, flexible and rigid-flex circuit boards, and other advanced circuit technologies.

TTM also provides radio-frequency and microwave/microelectronic assembly capabilities, including components and assemblies used in communications, radar and other high-frequency applications.