Insider Selling: TTM Technologies, Inc. (NASDAQ:TTMI) VP Sells 2904 Shares of Stock – Defense World
Posted by admin on Jun 26th, 2022 
TTM Technologies, Inc. (NASDAQ:TTMI – Get Rating) VP Tony Sanchez sold 2,904 shares of the company’s stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $12.67, for a total transaction of $36,793.68. Following the sale, the vice president now directly owns 18,446 shares of the company’s stock, valued at $233,710.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
NASDAQ TTMI opened at $12.44 on Friday. The company has a 50 day simple moving average of $13.88 and a 200-day simple moving average of $13.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.44 and a quick ratio of 2.21. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 17.77 and a beta of 1.57. TTM Technologies, Inc. has a 52-week low of $9.76 and a 52-week high of $15.89.
TTM Technologies (NASDAQ:TTMI – Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $581.26 million during the quarter, compared to analyst estimates of $560.37 million. TTM Technologies had a net margin of 3.25% and a return on equity of 7.72%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) earnings per share. On average, analysts predict that TTM Technologies, Inc. will post 1.13 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in the stock. Keeley Teton Advisors LLC increased its holdings in TTM Technologies by 33.4% in the first quarter. Keeley Teton Advisors LLC now owns 221,514 shares of the technology company’s stock worth $3,283,000 after buying an additional 55,500 shares during the last quarter. Guggenheim Capital LLC increased its holdings in TTM Technologies by 19.3% in the first quarter. Guggenheim Capital LLC now owns 133,917 shares of the technology company’s stock worth $1,985,000 after buying an additional 21,692 shares during the last quarter. Captrust Financial Advisors increased its holdings in TTM Technologies by 21.6% in the first quarter. Captrust Financial Advisors now owns 12,563 shares of the technology company’s stock worth $186,000 after buying an additional 2,230 shares during the last quarter. State Street Corp increased its holdings in TTM Technologies by 5.8% in the first quarter. State Street Corp now owns 3,947,177 shares of the technology company’s stock worth $58,497,000 after buying an additional 215,134 shares during the last quarter. Finally, Vident Investment Advisory LLC increased its holdings in TTM Technologies by 10.9% in the first quarter. Vident Investment Advisory LLC now owns 172,805 shares of the technology company’s stock worth $2,561,000 after buying an additional 16,993 shares during the last quarter. Hedge funds and other institutional investors own 99.08% of the company’s stock.
A number of analysts have commented on TTMI shares. StockNews.com raised shares of TTM Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 18th. TheStreet raised shares of TTM Technologies from a “c” rating to a “b-” rating in a research report on Thursday, March 24th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.00.
TTM Technologies Company Profile (Get Rating)
TTM Technologies, Inc, together with its subsidiaries, engages in the manufacture and sale of printed circuit boards (PCBs) worldwide. The company operates in two segments, PCB and RF&S Components. It offers PCB products, radio frequency (RF) components, conventional PCBs, RF and microwave circuits, high density interconnect PCBs, substrate-like PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, IC substrates, passive RF components, advanced ceramic RF components, multi-chip modules, and beamforming and switching networks.
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