Robert P. Farrell Sells 460 Shares of TTM Technologies, Inc. (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI) insider Robert P. Farrell sold 460 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.33, for a total value of $12,111.80. Following the transaction, the insider now owns 21,298 shares in the company, valued at approximately $560,776.34. This trade represents a 2.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

TTM Technologies Trading Up 1.2 %

Shares of NASDAQ:TTMI opened at $26.34 on Thursday. The business’s 50 day simple moving average is $25.32 and its 200 day simple moving average is $22.17. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $30.41. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71. The company has a market capitalization of $2.69 billion, a P/E ratio of 48.78 and a beta of 1.19.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. On average, research analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Stifel Nicolaus initiated coverage on TTM Technologies in a research report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price objective on the stock. Needham & Company LLC raised their price target on shares of TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th.

Hedge Funds Weigh In On TTM Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. USA Financial Formulas bought a new position in TTM Technologies in the fourth quarter valued at approximately $25,000. Quarry LP acquired a new stake in shares of TTM Technologies in the 3rd quarter valued at $34,000. Smartleaf Asset Management LLC increased its stake in shares of TTM Technologies by 670.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock valued at $35,000 after purchasing an additional 1,220 shares during the last quarter. Covestor Ltd raised its holdings in shares of TTM Technologies by 3,220.3% during the 3rd quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock worth $36,000 after buying an additional 1,900 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position 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 worth $51,000 after buying an additional 443 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

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.