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

TTM Technologies, Inc. (NASDAQ:TTMI) insider Steven Spoto sold 500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 3,484 shares of the company’s stock, valued at $84,730.88. This represents a 12.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TTM Technologies Stock Up 3.1 %

Shares of NASDAQ TTMI opened at $21.83 on Friday. The business has a 50-day moving average price of $24.68 and a 200 day moving average price of $22.71. The stock has a market cap of $2.23 billion, a PE ratio of 40.43 and a beta of 1.19. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week high of $30.41.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share 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%. Equities research analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TTMI. Geode Capital Management LLC grew 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 buying an additional 30,738 shares during the last quarter. Franklin Resources Inc. grew its stake 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 valued at $48,454,000 after purchasing an additional 1,648,017 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of TTM Technologies by 50.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,534,166 shares of the technology company’s stock valued at $37,971,000 after purchasing an additional 515,015 shares during the period. Wellington Management Group LLP raised its stake 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 last quarter. 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. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on TTMI. Stifel Nicolaus initiated coverage on TTM Technologies in a research report on Tuesday, February 11th. They issued a “buy” rating and a $33.00 price target on the stock. Needham & Company LLC raised their target price on shares of TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, February 6th.

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.