TTM Technologies Inc. (TTMI) Director Kenton K. Alder Sells 9,000 Shares
TTM Technologies Inc. (NASDAQ:TTMI) Director Kenton K. Alder sold 9,000 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $11.46, for a total value of $103,140.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of TTM Technologies Inc. (NASDAQ:TTMI) traded up 0.896% on Friday, reaching $11.825. The company had a trading volume of 162,192 shares. The company’s 50-day moving average price is $10.94 and its 200-day moving average price is $8.46. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 66.061 and a beta of 1.57. TTM Technologies Inc. has a 52-week low of $4.67 and a 52-week high of $11.85.
TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, July 27th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.10. The business had revenue of $601.80 million for the quarter, compared to analyst estimates of $601.48 million. TTM Technologies had a return on equity of 7.86% and a net margin of 0.74%. The firm’s revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 EPS. On average, analysts predict that TTM Technologies Inc. will post $1.08 earnings per share for the current year.
Several equities research analysts have recently weighed in on TTMI shares. JPMorgan Chase & Co. set a $13.00 price objective on TTM Technologies and gave the company a “buy” rating in a research report on Wednesday, September 28th. Needham & Company LLC raised their target price on TTM Technologies from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Stifel Nicolaus reduced their target price on TTM Technologies from $11.00 to $9.50 and set a “buy” rating for the company in a research report on Thursday, July 28th. Finally, Zacks Investment Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 target price for the company in a research report on Saturday, July 30th.
Several hedge funds and other institutional investors have recently bought and sold shares of TTMI. Engineers Gate Manager LP acquired a new position in TTM Technologies during the second quarter worth $128,000. Citadel Advisors LLC acquired a new position in TTM Technologies during the second quarter worth $131,000. Springbok Capital Management LLC raised its position in TTM Technologies by 4,900.3% in the first quarter. Springbok Capital Management LLC now owns 19,851 shares of the company’s stock worth $132,000 after buying an additional 19,454 shares during the last quarter. BlackRock Inc. raised its position in TTM Technologies by 263.9% in the second quarter. BlackRock Inc. now owns 17,945 shares of the company’s stock worth $136,000 after buying an additional 13,014 shares during the last quarter. Finally, HRS Investment Holdings LLC acquired a new position in TTM Technologies during the second quarter worth $151,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.
TTM Technologies Company Profile
TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). The Company operates approximately 30 specialized facilities in the United States, the People’s Republic of China (China), Canada and Mexico.
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