TTM Technologies (NASDAQ:TTMI) Sees Strong Trading Volume After Analyst Upgrade

TTM Technologies, Inc. (NASDAQ:TTMI – Get Rating) shares saw an uptick in trading volume on Friday after Needham & Company LLC raised their price target on the stock from $17.00 to $19.00. Needham & Company LLC currently has a buy rating on the stock. 28,133 shares were traded during mid-day trading, a decline of 95% from the previous session’s volume of 524,325 shares.The stock last traded at $17.23 and had previously closed at $16.53.

Separately, StockNews.com raised TTM Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 18th.

Insider Activity at TTM Technologies

In related news, VP Tony Sanchez sold 2,904 shares of the company’s stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $12.67, for a total value of $36,793.68. Following the completion of the sale, the vice president now directly owns 18,446 shares of the company’s stock, valued at approximately $233,710.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, COO Philip Titterton sold 12,990 shares of the stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $12.13, for a total transaction of $157,568.70. Following the completion of the transaction, the chief operating officer now directly owns 87,196 shares of the company’s stock, valued at approximately $1,057,687.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Tony Sanchez sold 2,904 shares of the stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $12.67, for a total value of $36,793.68. Following the transaction, the vice president now directly owns 18,446 shares of the company’s stock, valued at $233,710.82. The disclosure for this sale can be found here. Insiders sold a total of 27,941 shares of company stock valued at $344,389 in the last three months. 0.96% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TTM Technologies

Large investors have recently modified their holdings of the business. Kenfarb & CO. purchased a new position in shares of TTM Technologies during the 4th quarter worth approximately $30,000. Larson Financial Group LLC purchased a new position in shares of TTM Technologies during the 2nd quarter worth approximately $49,000. Counterpoint Mutual Funds LLC raised its stake in shares of TTM Technologies by 236.9% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 6,172 shares of the technology company’s stock worth $91,000 after buying an additional 4,340 shares in the last quarter. KBC Group NV purchased a new position in shares of TTM Technologies during the 2nd quarter worth approximately $113,000. Finally, PEAK6 Investments LLC raised its stake in shares of TTM Technologies by 23.9% during the 4th quarter. PEAK6 Investments LLC now owns 10,422 shares of the technology company’s stock worth $155,000 after buying an additional 2,009 shares in the last quarter. 99.08% of the stock is owned by hedge funds and other institutional investors.

TTM Technologies Stock Up 1.5 %

The stock has a market capitalization of $1.71 billion, a PE ratio of 23.63 and a beta of 1.53. The firm has a 50 day moving average of $13.16 and a two-hundred day moving average of $13.49. The company has a current ratio of 2.44, a quick ratio of 2.21 and a debt-to-equity ratio of 0.64.

TTM Technologies (NASDAQ:TTMI – Get Rating) last released its quarterly earnings data on Wednesday, May 4th. The technology company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. TTM Technologies had a return on equity of 9.33% and a net margin of 3.15%. The firm had revenue of $581.26 million during the quarter, compared to the consensus estimate of $560.37 million. During the same period last year, the business posted ($0.03) EPS. TTM Technologies’s quarterly revenue was up 10.4% on a year-over-year basis. Equities research analysts anticipate that TTM Technologies, Inc. will post 1.16 earnings per share for the current year.

TTM Technologies Company Profile

(Get Rating)

TTM Technologies, Inc, together with its subsidiaries, engages in the manufacture and sale of printed circuit boards (PCBs) worldwide. The company operates in two segments, PCB and RF&S Components. It offers PCB products, radio frequency (RF) components, conventional PCBs, RF and microwave circuits, high density interconnect PCBs, substrate-like PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, IC substrates, passive RF components, advanced ceramic RF components, multi-chip modules, and beamforming and switching networks.

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