Kenton K. Alder Sells 3,000 Shares of TTM Technologies, Inc. (TTMI) Stock
TTM Technologies, Inc. (NASDAQ:TTMI) Director Kenton K. Alder sold 3,000 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $14.70, for a total transaction of $44,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of TTM Technologies, Inc. (NASDAQ TTMI) traded up 0.68% during trading on Friday, hitting $14.78. 2,089,227 shares of the stock were exchanged. TTM Technologies, Inc. has a one year low of $10.77 and a one year high of $19.54. The stock’s 50 day moving average price is $14.40 and its 200 day moving average price is $16.24. The stock has a market cap of $1.50 billion, a PE ratio of 20.67 and a beta of 1.50.
TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.04). The firm had revenue of $627.20 million for the quarter, compared to analyst estimates of $625.43 million. TTM Technologies had a net margin of 2.97% and a return on equity of 17.05%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 earnings per share. Equities research analysts predict that TTM Technologies, Inc. will post $1.53 EPS for the current year.
Several equities analysts have commented on TTMI shares. Needham & Company LLC increased their price target on shares of TTM Technologies from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, June 9th. BidaskClub upgraded shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Stifel Nicolaus lowered shares of TTM Technologies from a “buy” rating to a “hold” rating and increased their price target for the company from $18.50 to $19.00 in a research note on Friday, July 28th. Zacks Investment Research lowered shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Finally, J P Morgan Chase & Co set a $22.00 price target on shares of TTM Technologies and gave the company a “buy” rating in a research note on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $20.13.
Hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. acquired a new stake in shares of TTM Technologies during the 1st quarter valued at approximately $101,000. Riverhead Capital Management LLC raised its position in shares of TTM Technologies by 71.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock valued at $119,000 after acquiring an additional 2,860 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in shares of TTM Technologies during the 2nd quarter valued at approximately $133,000. Sei Investments Co. raised its position in shares of TTM Technologies by 197.1% during the 2nd quarter. Sei Investments Co. now owns 9,235 shares of the technology company’s stock valued at $161,000 after acquiring an additional 6,127 shares in the last quarter. Finally, Eqis Capital Management Inc. acquired a new stake in shares of TTM Technologies during the 1st quarter valued at approximately $167,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.
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). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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