TTM Technologies, Inc. (NASDAQ:TTMI) EVP Sells $749,160.00 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Douglas L. Soder sold 24,972 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $30.00, for a total value of $749,160.00. Following the completion of the transaction, the executive vice president now directly owns 173,026 shares of the company’s stock, valued at $5,190,780. This trade represents a 12.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

TTM Technologies Stock Up 0.9%

Shares of TTM Technologies stock opened at $29.37 on Friday. The company has a market cap of $2.98 billion, a P/E ratio of 54.39 and a beta of 1.20. The firm has a fifty day moving average of $21.84 and a two-hundred day moving average of $23.71. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99. TTM Technologies, Inc. has a one year low of $15.77 and a one year high of $30.41.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, April 30th. The technology company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. The company had revenue of $648.67 million for the quarter, compared to analyst estimates of $621.44 million. During the same quarter in the previous year, the company earned $0.28 EPS. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

TTM Technologies declared that its Board of Directors has authorized a share buyback program on Friday, May 9th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the technology company to buy up to 3.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have recently issued reports on TTMI shares. B. Riley upped their target price on shares of TTM Technologies from $35.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Needham & Company LLC boosted their price target on shares of TTM Technologies from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Truist Financial dropped their price objective on TTM Technologies from $38.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Finally, Stifel Nicolaus began coverage on TTM Technologies in a report on Tuesday, February 11th. They issued a “buy” rating and a $33.00 target price for the company.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TTMI. Barclays PLC increased its holdings in shares of TTM Technologies by 59.8% in the 3rd quarter. Barclays PLC now owns 407,524 shares of the technology company’s stock valued at $7,437,000 after purchasing an additional 152,456 shares in the last quarter. USA Financial Formulas purchased a new position in TTM Technologies in the fourth quarter valued at about $25,000. KBC Group NV increased its holdings in TTM Technologies by 47.4% in the fourth quarter. KBC Group NV now owns 4,404 shares of the technology company’s stock valued at $109,000 after buying an additional 1,416 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of TTM Technologies during the 4th quarter valued at approximately $678,000. Finally, D Orazio & Associates Inc. purchased a new stake in shares of TTM Technologies during the 4th quarter worth approximately $1,768,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

About TTM Technologies

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.