TTM Technologies, Inc. (NASDAQ:TTMI) EVP Sells $194,280.00 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Douglas L. Soder sold 9,714 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $20.00, for a total value of $194,280.00. Following the completion of the sale, the executive vice president now directly owns 204,493 shares in the company, valued at $4,089,860. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

TTM Technologies Trading Up 2.7 %

Shares of NASDAQ TTMI traded up $0.53 during trading on Wednesday, reaching $19.99. The company had a trading volume of 490,783 shares, compared to its average volume of 687,589. TTM Technologies, Inc. has a 12-month low of $11.14 and a 12-month high of $20.10. The business’s 50-day moving average is $18.12 and its 200 day moving average is $16.04. 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) last released its earnings results on Wednesday, May 1st. The technology company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $570.11 million for the quarter, compared to analysts’ expectations of $553.01 million. TTM Technologies had a positive return on equity of 8.63% and a negative net margin of 0.11%. On average, sell-side analysts predict that TTM Technologies, Inc. will post 1.29 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TTMI. Headlands Technologies LLC bought a new position in shares of TTM Technologies during the first quarter valued at $37,000. EntryPoint Capital LLC lifted its holdings in shares of TTM Technologies by 108.1% during the first quarter. EntryPoint Capital LLC now owns 6,264 shares of the technology company’s stock valued at $98,000 after purchasing an additional 3,254 shares in the last quarter. AXQ Capital LP bought a new position in shares of TTM Technologies during the third quarter valued at $144,000. Versor Investments LP bought a new position in shares of TTM Technologies during the fourth quarter valued at $236,000. Finally, Larson Financial Group LLC bought a new position in TTM Technologies in the first quarter valued at about $266,000. 95.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on TTMI. Needham & Company LLC upped their price target on TTM Technologies from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Stifel Nicolaus raised TTM Technologies from a “hold” rating to a “buy” rating and increased their target price for the stock from $15.00 to $19.00 in a research note on Thursday, May 2nd. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, TTM Technologies presently has a consensus rating of “Buy” and a consensus price target of $18.83.

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.