TTM Technologies, Inc. (NASDAQ:TTMI) EVP Catherine A. Gridley Sells 6,000 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Catherine A. Gridley sold 6,000 shares of TTM Technologies stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $26.25, for a total transaction of $157,500.00. Following the completion of the transaction, the executive vice president now directly owns 125,206 shares in the company, valued at $3,286,657.50. This trade represents a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

TTM Technologies Stock Performance

NASDAQ TTMI opened at $26.04 on Wednesday. The firm’s fifty day moving average price is $25.30 and its two-hundred day moving average price is $22.14. The stock has a market cap of $2.66 billion, a PE ratio of 48.22 and a beta of 1.19. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $30.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.70 and a current ratio of 1.99.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. On average, equities analysts expect that TTM Technologies, Inc. will post 1.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of TTM Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in shares of TTM Technologies by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company’s stock worth $44,491,000 after purchasing an additional 30,738 shares during the period. Franklin Resources Inc. lifted its holdings in shares of TTM Technologies by 532.1% during the fourth quarter. Franklin Resources Inc. now owns 1,957,741 shares of the technology company’s stock worth $48,454,000 after purchasing an additional 1,648,017 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of TTM Technologies by 50.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,534,166 shares of the technology company’s stock worth $37,971,000 after purchasing an additional 515,015 shares during the period. Wellington Management Group LLP lifted its holdings in shares of TTM Technologies by 1.3% during the third quarter. Wellington Management Group LLP now owns 1,394,661 shares of the technology company’s stock worth $25,453,000 after purchasing an additional 18,027 shares during the period. Finally, Loomis Sayles & Co. L P lifted its holdings in shares of TTM Technologies by 5.1% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,312,770 shares of the technology company’s stock worth $32,491,000 after purchasing an additional 63,230 shares during the period. 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.