Steven Spoto Sells 500 Shares of TTM Technologies, Inc. (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) insider Steven Spoto sold 500 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $24.32, for a total value of $12,160.00. Following the completion of the transaction, the insider now directly owns 3,484 shares of the company's stock, valued at approximately $84,730.88. This trade represents a 12.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

TTM Technologies Trading Down 3.8 %

Shares of TTMI stock opened at $21.17 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71. The stock's 50 day simple moving average is $24.82 and its two-hundred day simple moving average is $22.69. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $30.41. The company has a market cap of $2.16 billion, a PE ratio of 39.20 and a beta of 1.19.




TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. Research analysts predict that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

TTMI has been the subject of a number of research reports. Needham & Company LLC increased their price target on TTM Technologies from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Stifel Nicolaus started coverage on TTM Technologies in a research note on Tuesday, February 11th. They set a "buy" rating and a $33.00 price target for the company.

View Our Latest Research Report on TTM Technologies

Institutional Investors Weigh In On TTM Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in TTM Technologies during the 4th quarter worth $4,632,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in TTM Technologies by 34.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 176,872 shares of the technology company's stock worth $4,378,000 after purchasing an additional 44,833 shares during the period. State of Wyoming increased its holdings in TTM Technologies by 103.3% during the 4th quarter. State of Wyoming now owns 5,708 shares of the technology company's stock worth $141,000 after purchasing an additional 2,900 shares during the period. ProShare Advisors LLC increased its holdings in TTM Technologies by 44.4% during the 4th quarter. ProShare Advisors LLC now owns 30,448 shares of the technology company's stock worth $754,000 after purchasing an additional 9,366 shares during the period. Finally, Millennium Management LLC increased its holdings in TTM Technologies by 38.9% during the 4th quarter. Millennium Management LLC now owns 520,666 shares of the technology company's stock worth $12,886,000 after purchasing an additional 145,917 shares during the period. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

About TTM Technologies

(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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