Kenton K. Alder Sells 3,000 Shares of TTM Technologies, Inc. (TTMI) Stock
TTM Technologies, Inc. (NASDAQ:TTMI) Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction on Monday, April 17th. The stock was sold at an average price of $15.55, for a total transaction of $46,650.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
TTM Technologies, Inc. (NASDAQ:TTMI) traded down 0.58% during trading on Tuesday, reaching $15.54. 671,997 shares of the company traded hands. TTM Technologies, Inc. has a 12-month low of $6.22 and a 12-month high of $17.86. The firm’s 50 day moving average price is $16.01 and its 200 day moving average price is $14.40. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 45.71 and a beta of 1.39.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, February 8th. The technology company reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.13. The firm had revenue of $706.50 million for the quarter, compared to analyst estimates of $671.57 million. TTM Technologies had a net margin of 1.38% and a return on equity of 15.90%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 EPS. Equities research analysts expect that TTM Technologies, Inc. will post $1.60 earnings per share for the current year.
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TTMI has been the topic of several recent analyst reports. TheStreet lowered shares of TTM Technologies from a “b-” rating to a “c” rating in a report on Wednesday, March 22nd. Zacks Investment Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a report on Saturday, February 11th. JPMorgan Chase & Co. upgraded shares of TTM Technologies from a “neutral” rating to an “overweight” rating and set a $21.00 target price on the stock in a report on Tuesday, April 4th. Stifel Nicolaus boosted their target price on shares of TTM Technologies from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, February 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $18.00 target price on shares of TTM Technologies in a report on Tuesday, February 21st. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $19.00.
Institutional investors have recently modified their holdings of the company. Artemis Investment Management LLP bought a new position in shares of TTM Technologies during the fourth quarter worth approximately $7,358,000. Teachers Advisors LLC raised its position in shares of TTM Technologies by 14.4% in the third quarter. Teachers Advisors LLC now owns 1,290,971 shares of the technology company’s stock worth $14,782,000 after buying an additional 162,374 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of TTM Technologies during the fourth quarter worth approximately $9,000,000. KCG Holdings Inc. bought a new position in shares of TTM Technologies during the third quarter worth approximately $651,000. Finally, New York State Teachers Retirement System raised its position in shares of TTM Technologies by 16.1% in the fourth quarter. New York State Teachers Retirement System now owns 142,670 shares of the technology company’s stock worth $1,945,000 after buying an additional 19,769 shares during the last quarter. 80.99% 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). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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