Insider Selling: TTM Technologies Inc. (TTMI) Director Sells 75,000 Shares of Stock
TTM Technologies Inc. (NASDAQ:TTMI) Director Kenton K. Alder sold 75,000 shares of the stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $12.00, for a total transaction of $900,000.00. Following the completion of the transaction, the director now owns 85,267 shares in the company, valued at $1,023,204. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of TTM Technologies Inc. (NASDAQ:TTMI) opened at 11.81 on Wednesday. The company has a market capitalization of $1.18 billion, a P/E ratio of 65.98 and a beta of 1.57. The stock’s 50 day moving average is $11.07 and its 200 day moving average is $8.59. TTM Technologies Inc. has a 12 month low of $4.67 and a 12 month high of $12.11.
TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.18 by $0.10. The firm earned $601.80 million during the quarter, compared to analyst estimates of $601.48 million. TTM Technologies had a net margin of 0.74% and a return on equity of 7.86%. TTM Technologies’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 EPS. On average, equities analysts predict that TTM Technologies Inc. will post $1.08 EPS for the current fiscal year.
Several research analysts have weighed in on TTMI shares. JPMorgan Chase & Co. set a $13.00 price target on shares of TTM Technologies and gave the stock a “buy” rating in a research report on Wednesday, September 28th. Needham & Company LLC increased their price target on shares of TTM Technologies from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Stifel Nicolaus decreased 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 upgraded 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.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Mercantile Trust Co. bought a new stake in TTM Technologies during the third quarter valued at $193,000. Engineers Gate Manager LP bought a new stake in TTM Technologies during the second quarter valued at $128,000. Citadel Advisors LLC bought a new stake in TTM Technologies during the second quarter valued at $131,000. BlackRock Inc. increased its stake in TTM Technologies by 263.9% in the second quarter. BlackRock Inc. now owns 17,945 shares of the company’s stock valued at $136,000 after buying an additional 13,014 shares in the last quarter. Finally, Springbok Capital Management LLC increased its stake in TTM Technologies by 4,900.3% in the first quarter. Springbok Capital Management LLC now owns 19,851 shares of the company’s stock valued at $132,000 after buying an additional 19,454 shares in the last quarter. Hedge funds and other 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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