TTM Technologies, Inc. (NASDAQ:TTMI) Insider Sells $12,160.00 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) insider Steven Spoto sold 500 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $24.32, for a total transaction of $12,160.00. Following the completion of the sale, the insider now owns 3,484 shares of the company’s stock, valued at approximately $84,730.88. The trade was a 12.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

TTM Technologies Trading Up 3.1 %

TTMI opened at $21.83 on Friday. The stock has a market capitalization of $2.23 billion, a PE ratio of 40.43 and a beta of 1.19. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $30.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99. The business’s 50 day moving average price is $24.68 and its 200 day moving average price is $22.71.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 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%. As a group, equities research analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Analysts Set New Price Targets

TTMI has been the topic of a number of analyst reports. Needham & Company LLC lifted their price objective on TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Stifel Nicolaus began coverage on shares of TTM Technologies in a research report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price target on the stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TTMI. Franklin Resources Inc. lifted its holdings in shares of TTM Technologies by 532.1% in the 4th 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 last quarter. Massachusetts Financial Services Co. MA acquired a new position in TTM Technologies during the third quarter worth $18,600,000. Point72 Hong Kong Ltd purchased a new position in shares of TTM Technologies during the third quarter worth $15,314,000. Victory Capital Management Inc. boosted its position in shares of TTM Technologies by 391.6% during the fourth quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company’s stock worth $24,268,000 after buying an additional 781,058 shares during the period. Finally, T. Rowe Price Investment Management Inc. purchased a new stake in shares of TTM Technologies in the 4th quarter valued at $19,040,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

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.