TTM Technologies Inc. (TTMI) Director Kenton K. Alder Sells 9,000 Shares
TTM Technologies Inc. (NASDAQ:TTMI) Director Kenton K. Alder sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $11.46, for a total transaction of $103,140.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
TTM Technologies Inc. (NASDAQ:TTMI) traded up 0.896% on Friday, hitting $11.825. 162,192 shares of the stock were exchanged. The company has a market cap of $1.19 billion, a P/E ratio of 66.061 and a beta of 1.57. TTM Technologies Inc. has a one year low of $4.67 and a one year high of $11.85. The company’s 50 day moving average price is $10.94 and its 200-day moving average price is $8.46.
TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, July 27th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.10. The company had revenue of $601.80 million for the quarter, compared to the consensus estimate of $601.48 million. TTM Technologies had a return on equity of 7.86% and a net margin of 0.74%. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 EPS. Equities research analysts predict that TTM Technologies Inc. will post $1.08 EPS for the current fiscal year.
A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. set a $13.00 price target on shares of TTM Technologies and gave the company a “buy” rating in a research report on Wednesday, September 28th. Needham & Company LLC lifted their price target on shares of TTM Technologies from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, July 28th. Stifel Nicolaus reduced their price target on shares of TTM Technologies from $11.00 to $9.50 and set a “buy” rating on the stock in a research report on Thursday, July 28th. Finally, Zacks Investment Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 price target on the stock in a research report on Saturday, July 30th.
Institutional investors have recently modified their holdings of the stock. Bank of Montreal Can acquired a new position in shares of TTM Technologies during the second quarter worth $3,113,000. Adams Diversified Equity Fund Inc. acquired a new position in shares of TTM Technologies during the second quarter worth $432,000. BNP Paribas Arbitrage SA increased its position in shares of TTM Technologies by 19.4% in the second quarter. BNP Paribas Arbitrage SA now owns 186,138 shares of the company’s stock worth $1,402,000 after buying an additional 30,300 shares in the last quarter. Arizona State Retirement System increased its position in shares of TTM Technologies by 4.7% in the first quarter. Arizona State Retirement System now owns 33,125 shares of the company’s stock worth $220,000 after buying an additional 1,500 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its position in shares of TTM Technologies by 31.5% in the first quarter. Panagora Asset Management Inc. now owns 543,368 shares of the company’s stock worth $3,613,000 after buying an additional 130,128 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.
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). The Company operates approximately 30 specialized facilities in the United States, the People’s Republic of China (China), Canada and Mexico.
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