Robert P. Farrell Sells 460 Shares of TTM Technologies, Inc. (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI) insider Robert P. Farrell sold 460 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.33, for a total value of $12,111.80. Following the sale, the insider now directly owns 21,298 shares in the company, valued at $560,776.34. This trade represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

TTM Technologies Stock Down 2.5 %

Shares of NASDAQ:TTMI opened at $25.36 on Friday. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $30.41. The company’s 50-day moving average price is $25.33 and its two-hundred day moving average price is $22.25. The firm has a market cap of $2.59 billion, a P/E ratio of 46.96 and a beta of 1.19. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. As a group, research analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TTMI has been the subject of a number of research reports. Stifel Nicolaus started coverage on shares of TTM Technologies in a report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price target on the stock. Needham & Company LLC upped their price objective on shares of TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, February 6th.

Hedge Funds Weigh In On TTM Technologies

A number of large investors have recently added to or reduced their stakes in TTMI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in TTM Technologies by 34.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 176,872 shares of the technology company’s stock worth $4,378,000 after acquiring an additional 44,833 shares in the last quarter. State of Wyoming grew its holdings in shares of TTM Technologies by 103.3% during the 4th quarter. State of Wyoming now owns 5,708 shares of the technology company’s stock worth $141,000 after purchasing an additional 2,900 shares in the last quarter. ProShare Advisors LLC increased its holdings in TTM Technologies by 44.4% in the 4th quarter. ProShare Advisors LLC now owns 30,448 shares of the technology company’s stock valued at $754,000 after buying an additional 9,366 shares during the period. Millennium Management LLC lifted its stake in TTM Technologies by 38.9% during the fourth quarter. Millennium Management LLC now owns 520,666 shares of the technology company’s stock worth $12,886,000 after purchasing an additional 145,917 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in TTM Technologies by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,455 shares of the technology company’s stock valued at $1,422,000 after buying an additional 2,196 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

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.