TTM Technologies, Inc. (NASDAQ:TTMI – Get Free Report) EVP Daniel J. Weber sold 13,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $18.50, for a total transaction of $240,500.00. Following the completion of the sale, the executive vice president now directly owns 107,488 shares in the company, valued at $1,988,528. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
TTM Technologies Price Performance
Shares of TTMI stock traded up $0.70 during trading hours on Thursday, reaching $18.93. The company’s stock had a trading volume of 416,862 shares, compared to its average volume of 771,499. The company has a quick ratio of 1.74, a current ratio of 2.04 and a debt-to-equity ratio of 0.60. TTM Technologies, Inc. has a fifty-two week low of $11.14 and a fifty-two week high of $22.70. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of -911.04 and a beta of 1.25. The firm’s 50 day simple moving average is $19.60 and its 200-day simple moving average is $17.09.
TTM Technologies (NASDAQ:TTMI – Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.05. The company had revenue of $605.10 million for the quarter, compared to analyst estimates of $582.70 million. TTM Technologies had a net margin of 0.74% and a return on equity of 9.01%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 EPS. Sell-side analysts forecast that TTM Technologies, Inc. will post 1.31 earnings per share for the current year.
Institutional Inflows and Outflows
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. B. Riley raised their price objective on TTM Technologies from $25.50 to $27.25 and gave the company a “buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus lifted their target price on TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Needham & Company LLC upped their price target on shares of TTM Technologies from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Truist Financial reiterated a “buy” rating and issued a $24.00 price objective (up previously from $22.00) on shares of TTM Technologies in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, TTM Technologies has a consensus rating of “Buy” and an average target price of $24.31.
View Our Latest Analysis on TTMI
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.
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