Insider Selling: TTM Technologies, Inc. (NASDAQ:TTMI) EVP Sells 13,000 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMI) 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) 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

Large investors have recently modified their holdings of the company. CWM LLC increased its holdings in TTM Technologies by 202.6% in the 2nd quarter. CWM LLC now owns 1,858 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,244 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of TTM Technologies during the first quarter worth about $37,000. Innealta Capital LLC acquired a new position in shares of TTM Technologies in the second quarter valued at approximately $64,000. EntryPoint Capital LLC increased its stake in shares of TTM Technologies by 108.1% in the first quarter. EntryPoint Capital LLC now owns 6,264 shares of the technology company’s stock valued at $98,000 after buying an additional 3,254 shares during the period. Finally, Mackenzie Financial Corp bought a new position in TTM Technologies in the 2nd quarter valued at approximately $225,000. 95.79% of the stock is currently owned by institutional investors.

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.

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.