Kenton K. Alder Sells 75,000 Shares of TTM Technologies Inc. (TTMI) Stock
TTM Technologies Inc. (NASDAQ:TTMI) Director Kenton K. Alder sold 75,000 shares of the stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $12.00, for a total transaction of $900,000.00. Following the completion of the transaction, the director now owns 85,267 shares in the company, valued at $1,023,204. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of TTM Technologies Inc. (NASDAQ:TTMI) opened at 10.95 on Friday. The stock has a 50 day moving average price of $11.11 and a 200 day moving average price of $8.63. TTM Technologies Inc. has a 12-month low of $4.67 and a 12-month high of $12.11. The firm has a market capitalization of $1.10 billion, a P/E ratio of 61.17 and a beta of 1.57.
TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate 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 company’s revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 EPS. Equities analysts anticipate that TTM Technologies Inc. will post $1.08 earnings per share for the current fiscal year.
Several equities analysts have commented on TTMI shares. Needham & Company LLC increased their price target on shares of TTM Technologies from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. Stifel Nicolaus dropped their price target on shares of TTM Technologies from $11.00 to $9.50 and set a “buy” rating on the stock in a research note on Thursday, July 28th. Zacks Investment Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 price target on the stock in a research note on Saturday, July 30th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of TTM Technologies in a research note on Tuesday, August 9th.
Institutional investors have recently added to or reduced their stakes in the company. Ngam Advisors L.P. bought a new position in TTM Technologies during the first quarter valued at approximately $212,000. Teachers Advisors Inc. raised its position in TTM Technologies by 10.0% in the first quarter. Teachers Advisors Inc. now owns 1,041,547 shares of the company’s stock valued at $6,926,000 after buying an additional 94,258 shares during the period. Prudential Financial Inc. raised its position in TTM Technologies by 3.0% in the first quarter. Prudential Financial Inc. now owns 152,258 shares of the company’s stock valued at $1,013,000 after buying an additional 4,500 shares during the period. Franklin Resources Inc. raised its position in TTM Technologies by 10.0% in the first quarter. Franklin Resources Inc. now owns 3,067,610 shares of the company’s stock valued at $20,400,000 after buying an additional 278,070 shares during the period. Finally, Menta Capital LLC raised its position in TTM Technologies by 54.1% in the first quarter. Menta Capital LLC now owns 47,720 shares of the company’s stock valued at $317,000 after buying an additional 16,760 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.
About TTM Technologies
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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