Insider Selling: TTM Technologies, Inc. (NASDAQ:TTMI) Insider Sells 460 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMI) insider Robert P. Farrell sold 460 shares of TTM Technologies stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.33, for a total transaction of $12,111.80. Following the transaction, the insider now owns 21,298 shares of the company’s stock, valued at approximately $560,776.34. The trade was a 2.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

TTM Technologies Trading Up 0.8 %

TTM Technologies stock traded up $0.22 during trading on Wednesday, reaching $26.26. The company had a trading volume of 89,728 shares, compared to its average volume of 745,248. TTM Technologies, Inc. has a 12-month low of $13.43 and a 12-month high of $30.41. The stock’s 50 day moving average price is $25.30 and its two-hundred day moving average price is $22.14. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 48.61 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating 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 analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Needham & Company LLC lifted their price target on shares of TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Stifel Nicolaus assumed coverage on shares of TTM Technologies in a report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price target for the company.

Institutional Investors Weigh In On TTM Technologies

A number of institutional investors have recently bought and sold shares of TTMI. USA Financial Formulas purchased a new stake in TTM Technologies in the fourth quarter valued at approximately $25,000. Quarry LP acquired a new position in TTM Technologies during the third quarter valued at approximately $34,000. Smartleaf Asset Management LLC lifted its position in TTM Technologies by 670.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock valued at $35,000 after buying an additional 1,220 shares in the last quarter. Covestor Ltd lifted its position in TTM Technologies by 3,220.3% during the third quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock valued at $36,000 after buying an additional 1,900 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in TTM Technologies by 27.7% during the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock valued at $51,000 after buying an additional 443 shares in the last quarter. 95.79% of the stock is currently owned by hedge funds and other 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.