TTM Technologies, Inc. (NASDAQ:TTMI) Director Kenton K. Alder sold 3,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $18.09, for a total value of $54,270.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
TTM Technologies, Inc. (NASDAQ:TTMI) traded up 1.23% during trading on Wednesday, reaching $18.09. The company’s stock had a trading volume of 411,691 shares. TTM Technologies, Inc. has a 1-year low of $6.93 and a 1-year high of $18.85. The stock has a 50 day moving average price of $16.84 and a 200 day moving average price of $15.75. The stock has a market capitalization of $1.84 billion, a PE ratio of 25.41 and a beta of 1.45.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.13. TTM Technologies had a return on equity of 18.17% and a net margin of 2.92%. The company had revenue of $625.20 million for the quarter, compared to the consensus estimate of $615 million. During the same quarter in the prior year, the business earned $0.14 EPS. TTM Technologies’s revenue was up 7.2% on a year-over-year basis. Analysts anticipate that TTM Technologies, Inc. will post $1.70 earnings per share for the current fiscal year.
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Large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of TTM Technologies by 17.4% in the first quarter. Vanguard Group Inc. now owns 11,833,440 shares of the technology company’s stock valued at $190,873,000 after buying an additional 1,757,393 shares during the period. Dimensional Fund Advisors LP increased its position in TTM Technologies by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,501,569 shares of the technology company’s stock worth $115,877,000 after buying an additional 387,390 shares during the last quarter. Acadian Asset Management LLC increased its position in TTM Technologies by 51.6% in the first quarter. Acadian Asset Management LLC now owns 3,259,213 shares of the technology company’s stock worth $52,571,000 after buying an additional 1,108,651 shares during the last quarter. FMR LLC increased its position in TTM Technologies by 111.0% in the first quarter. FMR LLC now owns 2,823,070 shares of the technology company’s stock worth $45,536,000 after buying an additional 1,484,825 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in TTM Technologies by 80.5% in the first quarter. Ameriprise Financial Inc. now owns 2,128,734 shares of the technology company’s stock worth $34,338,000 after buying an additional 949,674 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.
Several brokerages have recently commented on TTMI. Needham & Company LLC raised their price target on TTM Technologies from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, June 9th. TheStreet upgraded TTM Technologies from a “c” rating to a “b-” rating in a research note on Wednesday, May 3rd. Zacks Investment Research upgraded TTM Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Finally, J P Morgan Chase & Co upgraded TTM Technologies from a “neutral” rating to an “overweight” rating and set a $21.00 price target on the stock in a research note on Tuesday, April 4th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $19.75.
TTM Technologies Company Profile
TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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