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

TTM Technologies, Inc. (NASDAQ:TTMIGet 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:TTMIGet 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

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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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