Douglas L. Soder Sells 15,286 Shares of TTM Technologies, Inc. (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Douglas L. Soder sold 15,286 shares of TTM Technologies stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $20.03, for a total transaction of $306,178.58. Following the sale, the executive vice president now owns 214,207 shares in the company, valued at $4,290,566.21. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

TTM Technologies Stock Up 0.2 %

Shares of NASDAQ TTMI opened at $19.43 on Friday. The company has a market capitalization of $1.98 billion, a P/E ratio of -971.01 and a beta of 1.29. 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’s 50 day moving average price is $17.92 and its 200-day moving average price is $15.97.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Comerica Bank lifted its position in shares of TTM Technologies by 9.4% during the 1st quarter. Comerica Bank now owns 116,629 shares of the technology company’s stock valued at $1,825,000 after acquiring an additional 9,999 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of TTM Technologies by 6.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 63,144 shares of the technology company’s stock valued at $989,000 after acquiring an additional 3,592 shares during the period. Keeley Teton Advisors LLC lifted its position in shares of TTM Technologies by 7.3% during the 1st quarter. Keeley Teton Advisors LLC now owns 203,498 shares of the technology company’s stock valued at $3,185,000 after acquiring an additional 13,927 shares during the period. Archon Capital Management LLC acquired a new position in shares of TTM Technologies during the 1st quarter valued at $3,097,000. Finally, EntryPoint Capital LLC lifted its position in shares of TTM Technologies by 108.1% during the 1st quarter. EntryPoint Capital LLC now owns 6,264 shares of the technology company’s stock valued at $98,000 after acquiring an additional 3,254 shares during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.

Analysts Set New Price Targets

TTMI has been the topic of several recent research reports. Needham & Company LLC lifted their target price on shares of TTM Technologies from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Stifel Nicolaus upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating and lifted their target price 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, TTM Technologies has an average rating of “Buy” and an average 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.