Jeff Jankowsky Sells 10,000 Shares of TTM Technologies, Inc. (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI) insider Jeff Jankowsky sold 10,000 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $20.04, for a total value of $200,400.00. Following the completion of the sale, the insider now directly owns 60,273 shares of the company’s stock, valued at approximately $1,207,870.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

TTM Technologies Stock Up 0.2 %

Shares of TTM Technologies stock opened at $19.43 on Friday. TTM Technologies, Inc. has a one year low of $11.14 and a one year high of $20.10. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.09 and a quick ratio of 1.77. The stock’s 50-day moving average is $17.92 and its 200 day moving average is $15.97. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of -971.01 and a beta of 1.29.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, May 1st. The technology company reported $0.25 EPS for the quarter, beating 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 analyst estimates of $553.01 million. Equities research analysts anticipate that TTM Technologies, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

TTMI has been the subject of several recent research reports. Stifel Nicolaus raised TTM Technologies from a “hold” rating to a “buy” rating and increased their price target for the company from $15.00 to $19.00 in a research note on Thursday, May 2nd. Needham & Company LLC increased their price target on TTM Technologies from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, TTM Technologies presently has a consensus rating of “Buy” and a consensus target price of $18.83.

Institutional Investors Weigh In On TTM Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC bought a new stake in shares of TTM Technologies during the 1st quarter valued at about $37,000. EntryPoint Capital LLC boosted its holdings in TTM Technologies by 108.1% in the first quarter. EntryPoint Capital LLC now owns 6,264 shares of the technology company’s stock worth $98,000 after acquiring an additional 3,254 shares in the last quarter. AXQ Capital LP bought a new position in TTM Technologies in the third quarter worth approximately $144,000. Versor Investments LP bought a new position in TTM Technologies in the fourth quarter worth approximately $236,000. Finally, Larson Financial Group LLC bought a new position in TTM Technologies in the first quarter worth approximately $266,000. 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.