TTM Technologies (NASDAQ:TTMI) Trading Down 7.4%

TTM Technologies, Inc. (NASDAQ:TTMI)’s stock price fell 7.4% on Tuesday . The stock traded as low as $13.76 and last traded at $13.77. 281,834 shares changed hands during trading, a decline of 49% from the average session volume of 555,796 shares. The stock had previously closed at $14.87.

Analyst Ratings Changes

Several research analysts have commented on TTMI shares. Truist Financial raised their price objective on TTM Technologies from $12.00 to $16.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. TheStreet upgraded TTM Technologies from a “c+” rating to a “b-” rating in a report on Tuesday, August 22nd. StockNews.com initiated coverage on shares of TTM Technologies in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Needham & Company LLC restated a “buy” rating and issued a $17.00 target price (up from $15.00) on shares of TTM Technologies in a research note on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.33.

TTM Technologies Trading Down 1.2 %

The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.91 and a current ratio of 2.22. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 27.98 and a beta of 1.41. The business’s 50 day moving average price is $14.31 and its 200-day moving average price is $13.43.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.20 by $0.12. The business had revenue of $546.51 million during the quarter, compared to analyst estimates of $552.52 million. TTM Technologies had a net margin of 2.12% and a return on equity of 8.78%. The company’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. Equities analysts expect that TTM Technologies, Inc. will post 0.92 EPS for the current year.

Insider Transactions at TTM Technologies

In related news, EVP Daniel J. Weber sold 16,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $14.91, for a total value of $238,560.00. Following the sale, the executive vice president now directly owns 92,598 shares in the company, valued at approximately $1,380,636.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Daniel J. Weber sold 16,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $14.91, for a total value of $238,560.00. Following the completion of the sale, the executive vice president now directly owns 92,598 shares of the company’s stock, valued at approximately $1,380,636.18. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Dale Martin Knecht sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $15.09, for a total transaction of $301,800.00. Following the transaction, the senior vice president now owns 90,684 shares in the company, valued at approximately $1,368,421.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,163 shares of company stock worth $845,908. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Dark Forest Capital Management LP raised its position in TTM Technologies by 390.4% in the fourth quarter. Dark Forest Capital Management LP now owns 1,888 shares of the technology company’s stock worth $28,000 after acquiring an additional 1,503 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of TTM Technologies in the 1st quarter worth approximately $28,000. Ronald Blue Trust Inc. lifted its stake in TTM Technologies by 47.1% during the first quarter. Ronald Blue Trust Inc. now owns 3,449 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,104 shares during the last quarter. Lazard Asset Management LLC bought a new stake in TTM Technologies during the fourth quarter worth approximately $101,000. Finally, Crossmark Global Holdings Inc. acquired a new position in TTM Technologies in the second quarter worth approximately $142,000. Institutional investors own 96.87% of the company’s stock.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, engages in the manufacture and sale engineered 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.