Robert P. Farrell Sells 5,159 Shares of TTM Technologies, Inc. (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI) insider Robert P. Farrell sold 5,159 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $18.99, for a total value of $97,969.41. Following the completion of the transaction, the insider now owns 22,958 shares in the company, valued at approximately $435,972.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

TTM Technologies Stock Down 0.9 %

TTMI stock opened at $19.40 on Friday. TTM Technologies, Inc. has a 52-week low of $11.14 and a 52-week high of $20.10. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.77 and a current ratio of 2.09. The company has a 50-day moving average of $17.82 and a two-hundred day moving average of $15.94.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. TTM Technologies had a positive return on equity of 8.63% and a negative net margin of 0.11%. The company had revenue of $570.11 million for the quarter, compared to the consensus estimate of $553.01 million. Equities analysts anticipate that TTM Technologies, Inc. will post 1.29 EPS for the current year.

Hedge Funds Weigh In On TTM Technologies

A number of large investors have recently bought and sold shares of TTMI. Wellington Management Group LLP bought a new stake in shares of TTM Technologies in the 3rd quarter valued at about $13,051,000. Panagora Asset Management Inc. boosted its stake in shares of TTM Technologies by 36.3% during the 4th quarter. Panagora Asset Management Inc. now owns 472,739 shares of the technology company’s stock worth $7,474,000 after acquiring an additional 125,810 shares during the period. Bridgeway Capital Management LLC increased its holdings in shares of TTM Technologies by 4.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 934,498 shares of the technology company’s stock valued at $14,774,000 after purchasing an additional 40,111 shares during the last quarter. Allianz Asset Management GmbH grew its stake in TTM Technologies by 169.2% in the 4th quarter. Allianz Asset Management GmbH now owns 137,014 shares of the technology company’s stock valued at $2,166,000 after buying an additional 86,112 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in TTM Technologies during the fourth quarter worth approximately $809,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Analyst Upgrades and Downgrades

TTMI has been the topic of a number of recent research reports. Needham & Company LLC raised their price target on shares of TTM Technologies from $19.00 to $21.00 and gave the company a “buy” rating in a report on Monday, June 17th. Stifel Nicolaus raised TTM Technologies from a “hold” rating to a “buy” rating and boosted their price target for the stock from $15.00 to $19.00 in a research report on Thursday, May 2nd. Four investment 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 $18.83.

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.