TTM Technologies, Inc. (NASDAQ:TTMI) COO Philip Titterton Sells 24,792 Shares

TTM Technologies, Inc. (NASDAQ:TTMI) COO Philip Titterton sold 24,792 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total value of $633,683.52. Following the transaction, the chief operating officer now owns 157,528 shares in the company, valued at approximately $4,026,415.68. This trade represents a 13.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

TTM Technologies Price Performance

Shares of TTM Technologies stock traded up $0.39 during trading on Thursday, hitting $26.05. 373,368 shares of the company’s stock traded hands, compared to its average volume of 758,341. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month 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 1.70. The company has a market cap of $2.66 billion, a PE ratio of 48.25 and a beta of 1.19. The firm’s fifty day moving average price is $25.19 and its 200 day moving average price is $21.94.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. Analysts forecast that TTM Technologies, Inc. will post 1.74 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. USA Financial Formulas acquired a new position in shares of TTM Technologies in the 4th quarter worth approximately $25,000. GAMMA Investing LLC raised its position in TTM Technologies by 67.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock valued at $29,000 after purchasing an additional 642 shares during the last quarter. Quarry LP acquired a new position in TTM Technologies in the third quarter worth $34,000. Smartleaf Asset Management LLC boosted its stake in TTM Technologies by 670.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock worth $35,000 after purchasing an additional 1,220 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of TTM Technologies by 3,220.3% during the third quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,900 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TTMI shares. Stifel Nicolaus assumed coverage on TTM Technologies in a research note on Tuesday. They issued a “buy” rating and a $33.00 price objective on the stock. Needham & Company LLC increased their target price on shares of TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, February 6th.

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.