TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) COO Philip Titterton sold 24,792 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total transaction of $633,683.52. Following the sale, the chief operating officer now owns 157,528 shares of the company's stock, valued at approximately $4,026,415.68. This represents a 13.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
TTM Technologies Price Performance
TTMI opened at $26.16 on Friday. The company's 50-day simple moving average is $25.21 and its two-hundred day simple moving average is $21.97. 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 stock has a market capitalization of $2.67 billion, a P/E ratio of 48.44 and a beta of 1.19. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week high of $30.41.
TTM Technologies (NASDAQ:TTMI - Get Free Report) last released 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%. As a group, analysts predict that TTM Technologies, Inc. will post 1.74 EPS for the current year.
Hedge Funds Weigh In On TTM Technologies
Several hedge funds and other institutional investors have recently modified their holdings of TTMI. Franklin Resources Inc. grew its holdings in shares of TTM Technologies by 532.1% in the fourth quarter. Franklin Resources Inc. now owns 1,957,741 shares of the technology company's stock worth $48,454,000 after acquiring an additional 1,648,017 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in TTM Technologies in the third quarter worth about $18,600,000. Point72 Hong Kong Ltd bought a new stake in shares of TTM Technologies during the 3rd quarter valued at about $15,314,000. Victory Capital Management Inc. grew its stake in shares of TTM Technologies by 391.6% during the 4th quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company's stock valued at $24,268,000 after purchasing an additional 781,058 shares during the period. Finally, Emerald Advisers LLC purchased a new stake in shares of TTM Technologies during the 3rd quarter valued at about $13,693,000. 95.79% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the stock. Stifel Nicolaus initiated coverage on shares of TTM Technologies in a report on Tuesday. They set a "buy" rating and a $33.00 price target on the stock. Needham & Company LLC increased 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.
Check Out Our Latest Research Report on TTM Technologies
TTM Technologies Company Profile
(
Get Free Report)
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.
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