TTM Technologies, Inc. (NASDAQ:TTMI – Get Free Report) insider Jeff Jankowsky sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $20.04, for a total transaction of $200,400.00. Following the completion of the sale, the insider now directly owns 60,273 shares in the company, valued at approximately $1,207,870.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
TTM Technologies Price Performance
Shares of TTMI stock opened at $19.43 on Friday. TTM Technologies, Inc. has a 1 year low of $11.14 and a 1 year high of $20.10. The firm’s 50 day moving average is $17.92 and its 200-day moving average is $15.98. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of -971.01 and a beta of 1.29. The company has a current ratio of 2.09, a quick ratio of 1.77 and a debt-to-equity ratio of 0.60.
TTM Technologies (NASDAQ:TTMI – Get Free Report) last announced its earnings results on Wednesday, May 1st. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. TTM Technologies had a negative net margin of 0.11% and a positive return on equity of 8.63%. The company had revenue of $570.11 million for the quarter, compared to analyst estimates of $553.01 million. Sell-side analysts forecast that TTM Technologies, Inc. will post 1.29 EPS for the current fiscal year.
Hedge Funds Weigh In On TTM Technologies
Wall Street Analysts Forecast Growth
TTMI has been the topic of several research analyst reports. Stifel Nicolaus raised shares of TTM Technologies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $15.00 to $19.00 in a research note on Thursday, May 2nd. Needham & Company LLC upped their price objective on shares of TTM Technologies from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $18.83.
Check Out Our Latest Analysis on TTMI
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.
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