TTM Technologies, Inc. (NASDAQ:TTMI – Get Free Report) insider Anthony Joseph Sandeen sold 23,683 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $17.53, for a total transaction of $415,162.99. Following the completion of the transaction, the insider now owns 28,056 shares in the company, valued at $491,821.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
TTM Technologies Price Performance
TTMI opened at $17.83 on Friday. The stock’s 50-day moving average price is $15.02 and its 200 day moving average price is $14.76. TTM Technologies, Inc. has a 12-month low of $11.14 and a 12-month high of $17.97. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of -891.50 and a beta of 1.37. The company has a current ratio of 2.09, a quick ratio of 1.77 and a debt-to-equity ratio of 0.60.
TTM Technologies (NASDAQ:TTMI – Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.36 by $0.05. TTM Technologies had a negative net margin of 0.11% and a positive return on equity of 8.63%. The business had revenue of $569.04 million during the quarter, compared to analyst estimates of $572.03 million. During the same quarter last year, the firm posted $0.36 earnings per share. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. As a group, sell-side analysts expect that TTM Technologies, Inc. will post 1.28 earnings per share for the current year.
Hedge Funds Weigh In On TTM Technologies
Analyst Upgrades and Downgrades
Several analysts have recently commented on TTMI shares. Stifel Nicolaus raised shares of TTM Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $15.00 to $19.00 in a research report on Thursday, May 2nd. Needham & Company LLC reissued a “buy” rating and set a $19.00 price objective on shares of TTM Technologies in a research report on Thursday, May 2nd. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, TTM Technologies presently has an average rating of “Buy” and an average price target of $18.17.
Check Out Our Latest Stock Analysis on TTM Technologies
About TTM Technologies
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.
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