Catherine A. Gridley Sells 6,000 Shares of TTM Technologies, Inc. (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Catherine A. Gridley sold 6,000 shares of TTM Technologies stock in a transaction on Friday, February 14th. The stock was sold at an average price of $26.25, for a total transaction of $157,500.00. Following the completion of the transaction, the executive vice president now directly owns 125,206 shares in the company, valued at $3,286,657.50. This represents a 4.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

TTM Technologies Trading Up 1.2 %

NASDAQ:TTMI opened at $26.34 on Thursday. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $30.41. The firm has a fifty day simple moving average of $25.32 and a 200-day simple moving average of $22.17. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $2.69 billion, a P/E ratio of 48.78 and a beta of 1.19.

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On TTM Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC lifted its stake in shares of TTM Technologies by 75.6% during the third quarter. Jane Street Group LLC now owns 231,208 shares of the technology company’s stock worth $4,220,000 after buying an additional 99,512 shares during the period. Natixis Advisors LLC lifted its position in TTM Technologies by 131.7% during the third quarter. Natixis Advisors LLC now owns 80,631 shares of the technology company’s stock valued at $1,471,000 after purchasing an additional 45,835 shares during the period. Quantbot Technologies LP acquired a new position in TTM Technologies during the third quarter valued at $847,000. Geode Capital Management LLC lifted its position in TTM Technologies by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company’s stock valued at $44,491,000 after purchasing an additional 30,738 shares during the period. Finally, Mutual of America Capital Management LLC lifted its position in TTM Technologies by 26.4% during the third quarter. Mutual of America Capital Management LLC now owns 231,281 shares of the technology company’s stock valued at $4,221,000 after purchasing an additional 48,346 shares during the period. 95.79% of the stock is currently owned by institutional investors and hedge funds.

TTM Technologies Company Profile

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.