TTM Technologies (NASDAQ:TTMI) Trading Up 4.5% – Time to Buy?

TTM Technologies, Inc. (NASDAQ:TTMI) was up 4.5% on Tuesday . The company traded as high as $26.68 and last traded at $26.64. Approximately 98,496 shares were traded during trading, a decline of 86% from the average daily volume of 716,291 shares. The stock had previously closed at $25.50.

Wall Street Analysts Forecast Growth

TTMI has been the topic of a number of research reports. Needham & Company LLC boosted their target price 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 TTM Technologies in a report on Tuesday. They issued a “buy” rating and a $33.00 target price on the stock.

TTM Technologies Stock Up 3.7 %

The company has a current ratio of 1.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $2.70 billion, a P/E ratio of 49.05 and a beta of 1.19. The stock’s fifty day moving average is $25.13 and its 200 day moving average is $21.89.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating 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 1.74 EPS for the current fiscal year.

Insider Transactions at TTM Technologies

In related news, EVP Douglas L. Soder sold 19,015 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $25.00, for a total transaction of $475,375.00. Following the transaction, the executive vice president now directly owns 185,478 shares of the company’s stock, valued at $4,636,950. This represents a 9.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Shawn A. Powers sold 6,400 shares of TTM Technologies stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $23.74, for a total value of $151,936.00. Following the sale, the executive vice president now directly owns 95,341 shares of the company’s stock, valued at $2,263,395.34. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,261 shares of company stock valued at $1,043,417. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TTM Technologies

Several institutional investors have recently made changes to their positions in the company. USA Financial Formulas acquired a new stake in TTM Technologies in the 4th quarter valued at about $25,000. GAMMA Investing LLC lifted its position in TTM Technologies by 67.2% in the third quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock valued at $29,000 after buying an additional 642 shares during the last quarter. Quarry LP purchased a new stake in TTM Technologies in the third quarter valued at approximately $34,000. Smartleaf Asset Management LLC lifted its stake in TTM Technologies by 670.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock worth $35,000 after acquiring an additional 1,220 shares in the last quarter. Finally, Covestor Ltd increased its stake in TTM Technologies by 3,220.3% during the 3rd quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock worth $36,000 after buying an additional 1,900 shares during the period. 95.79% of the stock is owned by hedge funds and other institutional investors.

About TTM Technologies

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.