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 shares were sold at an average price of $26.34, for a total transaction of $395,100.00. Following the completion of the sale, the executive vice president now owns 95,153 shares of the company’s stock, valued at approximately $2,506,330.02. This trade represents a 13.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

TTM Technologies Stock Performance

TTM Technologies stock traded down $0.32 during trading hours on Thursday, reaching $26.02. 663,393 shares of the stock were exchanged, compared to its average volume of 761,997. The stock has a market cap of $2.65 billion, a P/E ratio of 48.19 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’s 50 day moving average is $25.32 and its 200 day moving average is $22.17.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, topping 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%. Analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Hedge Funds Weigh In On TTM Technologies

A number of large investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its holdings in TTM Technologies by 8.5% during the 4th quarter. Quadrant Capital Group LLC now owns 5,620 shares of the technology company’s stock valued at $139,000 after acquiring an additional 442 shares in the last quarter. GAMMA Investing LLC increased its holdings in TTM Technologies by 27.7% during the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock valued at $51,000 after acquiring an additional 443 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in TTM Technologies by 3.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,797 shares of the technology company’s stock valued at $490,000 after acquiring an additional 602 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in TTM Technologies by 5.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,394 shares of the technology company’s stock valued at $244,000 after acquiring an additional 659 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in TTM Technologies by 8.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 11,652 shares of the technology company’s stock valued at $288,000 after acquiring an additional 940 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analyst Upgrades and Downgrades

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