Insider Selling: TTM Technologies, Inc. (NASDAQ:TTMI) EVP Sells $395,100.00 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Daniel J. Weber sold 15,000 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.34, for a total transaction of $395,100.00. Following the completion of the transaction, the executive vice president now directly owns 95,153 shares in the company, valued at approximately $2,506,330.02. The trade was a 13.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

TTM Technologies Stock Down 2.5 %

Shares of NASDAQ:TTMI opened at $25.36 on Friday. The firm has a market capitalization of $2.59 billion, a PE ratio of 46.96 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week high of $30.41. The firm has a fifty day moving average of $25.33 and a 200 day moving average of $22.28.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. USA Financial Formulas bought a new stake in shares of TTM Technologies in the 4th quarter worth approximately $25,000. Smartleaf Asset Management LLC lifted its stake in 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 purchasing an additional 1,220 shares during the last quarter. Quarry LP purchased a new stake in TTM Technologies during the third quarter valued at about $34,000. Covestor Ltd grew its stake in shares of TTM Technologies by 3,220.3% during the third 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 during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of TTM Technologies by 27.7% in the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after buying an additional 443 shares during the period. 95.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on TTMI. Stifel Nicolaus began coverage on TTM Technologies in a research report on Tuesday, February 11th. They set a “buy” rating and a $33.00 target price for the company. Needham & Company LLC upped their price objective on shares of TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th.

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.