Anthony Joseph Sandeen Sells 23,683 Shares of TTM Technologies, Inc. (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI) insider Anthony Joseph Sandeen sold 23,683 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $17.53, for a total transaction of $415,162.99. Following the completion of the transaction, the insider now owns 28,056 shares in the company, valued at approximately $491,821.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

TTM Technologies Trading Up 0.5 %

NASDAQ TTMI opened at $17.67 on Thursday. The firm has a market capitalization of $1.80 billion, a PE ratio of -883.50 and a beta of 1.37. The stock’s 50 day moving average is $14.96 and its 200 day moving average is $14.74. TTM Technologies, Inc. has a twelve month low of $11.14 and a twelve month high of $17.96. The company has a quick ratio of 1.77, a current ratio of 2.09 and a debt-to-equity ratio of 0.60.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, February 7th. The technology company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. TTM Technologies had a negative net margin of 0.11% and a positive return on equity of 8.63%. The firm had revenue of $569.04 million for the quarter, compared to the consensus estimate of $572.03 million. During the same period in the prior year, the firm earned $0.36 EPS. The company’s revenue was down 7.8% compared to the same quarter last year. Research analysts forecast that TTM Technologies, Inc. will post 1.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TTM Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of TTMI. Wellington Management Group LLP purchased a new stake in shares of TTM Technologies in the 3rd quarter worth approximately $13,051,000. Louisiana State Employees Retirement System bought a new position in shares of TTM Technologies during the fourth quarter valued at $809,000. Wesbanco Bank Inc. purchased a new position in shares of TTM Technologies in the 1st quarter worth about $1,006,000. Robeco Institutional Asset Management B.V. raised its position in shares of TTM Technologies by 207.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 16,201 shares of the technology company’s stock worth $209,000 after purchasing an additional 10,932 shares during the last quarter. Finally, Swiss National Bank boosted its stake in TTM Technologies by 0.9% in the 3rd quarter. Swiss National Bank now owns 225,500 shares of the technology company’s stock worth $2,904,000 after purchasing an additional 2,100 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TTMI. Stifel Nicolaus raised TTM Technologies from a “hold” rating to a “buy” rating and upped their price target for the company from $15.00 to $19.00 in a research report on Thursday, May 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $19.00 price target on shares of TTM Technologies in a report on Thursday, May 2nd. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $18.17.

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.