TTM Technologies (NASDAQ:TTMI) Director Buys $309,600.00 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) Director Philip Franklin bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The stock was bought at an average cost of $61.92 per share, for a total transaction of $309,600.00. Following the completion of the transaction, the director directly owned 161,725 shares of the company’s stock, valued at approximately $10,014,012. The trade was a 3.19% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

TTM Technologies Trading Up 12.2%

TTMI stock traded up $8.09 on Monday, hitting $74.60. 836,723 shares of the company were exchanged, compared to its average volume of 2,821,075. TTM Technologies, Inc. has a twelve month low of $55.44 and a twelve month high of $223.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.67 and a quick ratio of 1.49. The business’s fifty day moving average is $108.96 and its two-hundred day moving average is $126.91. The stock has a market capitalization of $7.86 billion, a price-to-earnings ratio of 29.79 and a beta of 2.25.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Thursday, October 22nd. The technology company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.21. TTM Technologies had a net margin of 7.01% and a return on equity of 19.19%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the business earned $0.50 EPS. TTM Technologies’s revenue for the quarter was up 59.9% on a year-over-year basis. As a group, research analysts forecast that TTM Technologies, Inc. will post 4.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TTMI shares. Stifel Nicolaus reduced their target price on TTM Technologies from $205.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, October 23rd. Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Needham & Company LLC decreased their target price on TTM Technologies from $175.00 to $150.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Wall Street Zen downgraded shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 1st. Finally, Weiss Ratings downgraded shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, TTM Technologies has an average rating of “Moderate Buy” and a consensus target price of $173.25.

Institutional Inflows and Outflows

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

TTM Technologies Company Profile

TTM Technologies, Inc designs and manufactures printed circuit boards (PCBs) and radio-frequency (RF) and microwave components and assemblies. Its products support the development and operation of electronic systems used in communications, data infrastructure, aerospace and defense, automotive, medical, and industrial applications.

The company provides engineering and manufacturing services, including PCB design support, prototyping, and production. TTM serves customers around the world through operations in North America and Asia.

Founded in 1998, TTM Technologies is headquartered in Santa Ana, California.