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 the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $14.70, for a total value of $44,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
TTM Technologies, Inc. (TTMI) traded up 0.68% during trading on Friday, reaching $14.78. The company’s stock had a trading volume of 2,089,227 shares. The company has a 50-day moving average of $14.28 and a 200 day moving average of $16.23. TTM Technologies, Inc. has a one year low of $10.85 and a one year high of $19.54. The firm has a market cap of $1.50 billion, a PE ratio of 20.67 and a beta of 1.50.
TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.04). TTM Technologies had a return on equity of 17.05% and a net margin of 2.97%. The company had revenue of $627.20 million during the quarter, compared to the consensus estimate of $625.43 million. During the same period in the previous year, the company earned $0.28 earnings per share. TTM Technologies’s quarterly revenue was up 4.2% on a year-over-year basis. Analysts expect that TTM Technologies, Inc. will post $1.53 EPS for the current fiscal year.
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Several brokerages have recently commented on TTMI. Stifel Nicolaus upgraded TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 target price for the company in a research note on Thursday, August 24th. They noted that the move was a valuation call. BidaskClub upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. J P Morgan Chase & Co set a $22.00 target price on TTM Technologies and gave the company a “buy” rating in a research note on Wednesday, August 16th. ValuEngine downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Needham & Company LLC raised their target price on TTM Technologies from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, June 9th. Two analysts have rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $20.13.
A number of hedge funds have recently added to or reduced their stakes in TTMI. Vanguard Group Inc. grew its holdings in TTM Technologies by 9.6% in the second quarter. Vanguard Group Inc. now owns 12,967,044 shares of the technology company’s stock worth $225,108,000 after purchasing an additional 1,133,604 shares during the period. Dimensional Fund Advisors LP grew its holdings in TTM Technologies by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 8,565,975 shares of the technology company’s stock worth $148,706,000 after purchasing an additional 75,016 shares during the period. FMR LLC grew its holdings in TTM Technologies by 20.1% in the second quarter. FMR LLC now owns 3,389,523 shares of the technology company’s stock worth $58,842,000 after purchasing an additional 566,453 shares during the period. LSV Asset Management grew its holdings in TTM Technologies by 492.0% in the second quarter. LSV Asset Management now owns 2,508,368 shares of the technology company’s stock worth $43,545,000 after purchasing an additional 2,084,668 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in TTM Technologies by 15.8% in the second quarter. Ameriprise Financial Inc. now owns 2,465,564 shares of the technology company’s stock worth $42,803,000 after purchasing an additional 336,830 shares during the period. 95.16% of the stock is owned by 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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