TTM Technologies, Inc. (NASDAQ:TTMI) Insider Anthony Joseph Sandeen Sells 23,683 Shares

TTM Technologies, Inc. (NASDAQ:TTMI) insider Anthony Joseph Sandeen sold 23,683 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $17.53, for a total transaction of $415,162.99. Following the sale, the insider now directly owns 28,056 shares in the company, valued at approximately $491,821.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

TTM Technologies Stock Up 0.5 %

TTM Technologies stock opened at $17.59 on Wednesday. The stock’s 50 day moving average price is $14.90 and its 200 day moving average price is $14.72. TTM Technologies, Inc. has a 1-year low of $11.14 and a 1-year high of $17.96. The company has a market cap of $1.79 billion, a PE ratio of -879.06 and a beta of 1.37. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.09 and a quick ratio of 1.77.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, February 7th. The technology company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.36 by $0.05. The company had revenue of $569.04 million for the quarter, compared to analyst estimates of $572.03 million. TTM Technologies had a negative net margin of 0.11% and a positive return on equity of 8.63%. The business’s revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. On average, sell-side analysts predict that TTM Technologies, Inc. will post 1.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TTMI shares. Needham & Company LLC reiterated a “buy” rating and set a $19.00 price target on shares of TTM Technologies in a research note on Thursday, May 2nd. Stifel Nicolaus upgraded TTM Technologies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $15.00 to $19.00 in a research report on Thursday, May 2nd. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $18.17.

Institutional Trading of TTM Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP purchased a new stake in shares of TTM Technologies during the 3rd quarter worth approximately $13,051,000. Norges Bank acquired a new position in TTM Technologies during the fourth quarter worth $10,616,000. Adage Capital Partners GP L.L.C. boosted its position in TTM Technologies by 58.3% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,425,000 shares of the technology company’s stock worth $18,354,000 after purchasing an additional 525,000 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in TTM Technologies by 103.7% in the third quarter. Panagora Asset Management Inc. now owns 346,929 shares of the technology company’s stock valued at $4,468,000 after purchasing an additional 176,619 shares during the last quarter. Finally, SG Capital Management LLC increased its position in shares of TTM Technologies by 34.5% in the third quarter. SG Capital Management LLC now owns 575,499 shares of the technology company’s stock valued at $7,412,000 after buying an additional 147,549 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

About TTM Technologies

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.