Insider Selling: TTM Technologies CEO Sells 6,319 Shares of Stock (TTMI)
TTM Technologies (NASDAQ:TTMI) CEO Thomas Edman unloaded 6,319 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $8.32, for a total transaction of $52,574.08. Following the sale, the chief executive officer now directly owns 71,529 shares in the company, valued at approximately $595,121. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
TTMI has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. upgraded shares of TTM Technologies from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday, November 5th. They now have a $11.00 price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of TTM Technologies from $12.00 to $11.00 in a research note to investors on Friday, November 1st. They now have a “buy” rating on the stock. Finally, analysts at Needham & Company raised their price target on shares of TTM Technologies from $11.00 to $13.00 in a research note to investors on Thursday, October 31st. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $11.50.
TTM Technologies (NASDAQ:TTMI) traded down 1.84% on Thursday, hitting $8.255. The stock had a trading volume of 530,238 shares. TTM Technologies has a one year low of $6.53 and a one year high of $10.91. The stock has a 50-day moving average of $8. and a 200-day moving average of $9.28. The company has a market cap of $682.3 million and a price-to-earnings ratio of 28.51.
TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, October 30th. The company reported $0.14 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.17 by $0.03. The company had revenue of $338.70 million for the quarter, compared to the consensus estimate of $347.00 million. During the same quarter last year, the company posted $0.22 earnings per share. TTM Technologies’s revenue was down .1% compared to the same quarter last year. Analysts expect that TTM Technologies will post $0.58 EPS for the current fiscal year.
TTM Technologies, Inc (NASDAQ:TTMI) is a provider of time-critical and technologically complex printed circuit board (PCB) products and backplane assemblies (PCBs populated with electronic components), which serves as the foundation of sophisticated electronic products.
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