Insider Selling: TTM Technologies, Inc. (NASDAQ:TTMI) EVP Sells $157,500.00 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Catherine A. Gridley sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $26.25, for a total value of $157,500.00. Following the transaction, the executive vice president now owns 125,206 shares of the company’s stock, valued at approximately $3,286,657.50. This trade represents a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

TTM Technologies Stock Performance

NASDAQ:TTMI opened at $26.02 on Friday. The stock has a 50-day moving average price of $25.33 and a 200 day moving average price of $22.20. The stock has a market capitalization of $2.65 billion, a P/E ratio of 48.19 and a beta of 1.19. TTM Technologies, Inc. has a 12-month low of $13.43 and a 12-month high of $30.41. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. Equities research analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TTMI has been the topic of several analyst reports. Needham & Company LLC lifted their price target on shares of TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Stifel Nicolaus assumed coverage on shares of TTM Technologies in a research report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price objective on the stock.

Institutional Trading of TTM Technologies

Hedge funds have recently bought and sold shares of the stock. USA Financial Formulas purchased a new position in shares of TTM Technologies during the fourth quarter valued at about $25,000. Smartleaf Asset Management LLC lifted its position in shares of TTM Technologies by 670.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock worth $35,000 after buying an additional 1,220 shares in the last quarter. Quarry LP bought a new position in TTM Technologies during the third quarter valued at approximately $34,000. Covestor Ltd grew its holdings in TTM Technologies by 3,220.3% during the 3rd quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock valued at $36,000 after buying an additional 1,900 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in TTM Technologies by 27.7% in the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after acquiring an additional 443 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

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.