TTM Technologies (NASDAQ:TTMI) Director Philip Franklin Acquires 5,000 Shares of Company Stock

TTM Technologies, Inc. (NASDAQ:TTMI) Director Philip Franklin purchased 5,000 shares of the company’s stock in a transaction dated Thursday, November 5th. The shares were acquired at an average price of $61.92 per share, for a total transaction of $309,600.00. Following the purchase, the director owned 161,725 shares in the company, valued at $10,014,012. The trade was a 3.19% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

TTM Technologies Stock Performance

TTMI opened at $75.33 on Tuesday. The company has a market cap of $7.94 billion, a PE ratio of 30.01 and a beta of 2.25. The stock has a 50-day moving average of $108.10 and a 200-day moving average of $126.78. TTM Technologies, Inc. has a 52-week low of $55.44 and a 52-week high of $223.83. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.49 and a current ratio of 1.67.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Thursday, October 22nd. The technology company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.21. TTM Technologies had a return on equity of 19.19% and a net margin of 7.01%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the business earned $0.50 EPS. The firm’s revenue was up 59.9% compared to the same quarter last year. As a group, equities research analysts forecast that TTM Technologies, Inc. will post 4.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TTMI. Weiss Ratings cut shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Needham & Company LLC lowered their target price on shares of TTM Technologies from $175.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Zacks Research downgraded shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Wall Street Zen lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 1st. Finally, Stifel Nicolaus decreased their price target on shares of TTM Technologies from $205.00 to $165.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $173.25.

Hedge Funds Weigh In On TTM Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in TTM Technologies in the 2nd quarter valued at $2,053,347,000. Atalan Capital Partners LP acquired a new stake in TTM Technologies in the 2nd quarter worth $189,234,000. Wellington Management Group LLP increased its holdings in shares of TTM Technologies by 61.9% during the 2nd quarter. Wellington Management Group LLP now owns 2,268,404 shares of the technology company’s stock worth $424,237,000 after purchasing an additional 867,255 shares during the period. Bank of New York Mellon Corp bought a new position in shares of TTM Technologies during the 2nd quarter worth about $114,470,000. Finally, Palestra Capital Management LLC bought a new position in shares of TTM Technologies during the 2nd quarter worth about $105,214,000. Institutional investors own 95.79% of the company’s stock.

About TTM Technologies

TTM Technologies, Inc designs and manufactures printed circuit boards (PCBs) and radio-frequency (RF) and microwave components and assemblies. Its products support the development and operation of electronic systems used in communications, data infrastructure, aerospace and defense, automotive, medical, and industrial applications.

The company provides engineering and manufacturing services, including PCB design support, prototyping, and production. TTM serves customers around the world through operations in North America and Asia.

Founded in 1998, TTM Technologies is headquartered in Santa Ana, California.