TTM Technologies (NASDAQ:TTMI) Trading Up 4.5% – Time to Buy?

TTM Technologies, Inc. (NASDAQ:TTMI) was up 4.5% during mid-day trading on Tuesday . The company traded as high as $26.68 and last traded at $26.64. Approximately 98,496 shares changed hands during trading, a decline of 86% from the average daily volume of 716,291 shares. The stock had previously closed at $25.50.

Analyst Ratings Changes

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

TTM Technologies Trading Up 3.7 %

The company’s fifty day moving average price is $25.13 and its two-hundred day moving average price is $21.89. The firm has a market cap of $2.70 billion, a PE ratio of 49.05 and a beta of 1.19. The company has a quick ratio of 1.70, a current ratio of 1.99 and a debt-to-equity ratio of 0.58.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data 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%. As a group, sell-side analysts forecast that TTM Technologies, Inc. will post 1.74 earnings per share for the current fiscal year.

Insider Activity

In other TTM Technologies news, EVP Douglas L. Soder sold 19,015 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $25.00, for a total transaction of $475,375.00. Following the transaction, the executive vice president now directly owns 185,478 shares in the company, valued at $4,636,950. This represents a 9.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeff Jankowsky sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $24.23, for a total value of $121,150.00. Following the completion of the sale, the insider now directly owns 55,273 shares in the company, valued at approximately $1,339,264.79. This trade represents a 8.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,261 shares of company stock worth $1,043,417 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TTM Technologies

Several hedge funds have recently modified their holdings of the stock. USA Financial Formulas bought a new position in TTM Technologies during the fourth quarter valued at about $25,000. GAMMA Investing LLC raised its stake in shares of TTM Technologies by 67.2% during the third quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock worth $29,000 after buying an additional 642 shares during the last quarter. Quarry LP bought a new stake in shares of TTM Technologies in the 3rd quarter valued at about $34,000. Smartleaf Asset Management LLC boosted its position in shares of TTM Technologies by 670.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock worth $35,000 after purchasing an additional 1,220 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of TTM Technologies by 3,220.3% during the third quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,900 shares during the period. 95.79% of the stock is owned by hedge funds and other institutional investors.

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.