Catherine A. Gridley Sells 6,000 Shares of TTM Technologies, Inc. (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Catherine A. Gridley sold 6,000 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $26.25, for a total transaction of $157,500.00. Following the completion of the transaction, the executive vice president now owns 125,206 shares of the company’s stock, valued at $3,286,657.50. This trade represents a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

TTM Technologies Stock Down 1.4 %

NASDAQ:TTMI traded down $0.37 on Tuesday, reaching $26.08. 194,868 shares of the stock traded hands, compared to its average volume of 745,805. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 48.31 and a beta of 1.19. The company has a current ratio of 1.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.58. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $30.41. The company’s fifty day simple moving average is $25.29 and its 200 day simple moving average is $22.08.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. Equities analysts predict that TTM Technologies, Inc. will post 1.74 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on TTMI shares. Stifel Nicolaus started coverage on shares of TTM Technologies in a research note on Tuesday, February 11th. They issued a “buy” rating and a $33.00 price target for the company. Needham & Company LLC increased their price target on shares of TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th.

Institutional Trading of TTM Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC increased its stake in TTM Technologies by 8.5% during the 4th quarter. Quadrant Capital Group LLC now owns 5,620 shares of the technology company’s stock valued at $139,000 after purchasing an additional 442 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of TTM Technologies by 27.7% during the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock valued at $51,000 after acquiring an additional 443 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of TTM Technologies by 3.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,797 shares of the technology company’s stock valued at $490,000 after acquiring an additional 602 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of TTM Technologies by 5.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,394 shares of the technology company’s stock valued at $244,000 after acquiring an additional 659 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of TTM Technologies by 8.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 11,652 shares of the technology company’s stock valued at $288,000 after acquiring an additional 940 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies Company Profile

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.