Insider Selling: TTM Technologies Inc. (TTMI) Director Sells 75,000 Shares of Stock
TTM Technologies Inc. (NASDAQ:TTMI) Director Kenton K. Alder sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $12.00, for a total transaction of $900,000.00. Following the sale, the director now directly owns 85,267 shares in the company, valued at approximately $1,023,204. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of TTM Technologies Inc. (NASDAQ:TTMI) opened at 11.81 on Wednesday. The stock has a 50 day moving average of $11.07 and a 200 day moving average of $8.59. The stock has a market capitalization of $1.18 billion, a P/E ratio of 65.98 and a beta of 1.57. TTM Technologies Inc. has a 12-month low of $4.67 and a 12-month high of $12.11.
TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.10. TTM Technologies had a net margin of 0.74% and a return on equity of 7.86%. The business earned $601.80 million during the quarter, compared to analyst estimates of $601.48 million. During the same quarter last year, the firm posted $0.17 earnings per share. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. Equities research analysts anticipate that TTM Technologies Inc. will post $1.08 EPS for the current fiscal year.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/insider-selling-ttm-technologies-inc-ttmi-director-sells-75000-shares-of-stock.html
Several research firms have weighed in on TTMI. Zacks Investment Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 target price on the stock in a research report on Saturday, July 30th. Needham & Company LLC boosted their target price on shares of TTM Technologies from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. JPMorgan Chase & Co. reissued a “buy” rating on shares of TTM Technologies in a research report on Tuesday, August 9th. Finally, Stifel Nicolaus dropped their target price on shares of TTM Technologies from $11.00 to $9.50 and set a “buy” rating on the stock in a research report on Thursday, July 28th.
Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in shares of TTM Technologies by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 7,236,077 shares of the company’s stock valued at $54,486,000 after buying an additional 593,037 shares during the period. Tocqueville Asset Management L.P. purchased a new stake in shares of TTM Technologies during the second quarter valued at $3,541,000. Bank of Montreal Can purchased a new stake in shares of TTM Technologies during the second quarter valued at $3,113,000. Nomura Holdings Inc. boosted its stake in shares of TTM Technologies by 293.4% in the second quarter. Nomura Holdings Inc. now owns 422,854 shares of the company’s stock valued at $3,194,000 after buying an additional 315,354 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of TTM Technologies by 10.0% in the first quarter. Franklin Resources Inc. now owns 3,067,610 shares of the company’s stock valued at $20,400,000 after buying an additional 278,070 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.
About TTM Technologies
TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). The Company operates approximately 30 specialized facilities in the United States, the People’s Republic of China (China), Canada and Mexico.
Receive News & Ratings for TTM Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTM Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.