Insider Selling: TTM Technologies, Inc. (TTMI) Director Sells $48,300.00 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) Director Kenton K. Alder sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $16.10, for a total value of $48,300.00. The sale was disclosed in a filing with the SEC, which is available through this link.

TTM Technologies, Inc. (NASDAQ TTMI) traded up $0.08 during trading on Thursday, reaching $16.52. The company had a trading volume of 899,700 shares, compared to its average volume of 1,369,211. TTM Technologies, Inc. has a fifty-two week low of $12.76 and a fifty-two week high of $19.54. The company has a current ratio of 1.65, a quick ratio of 1.21 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $1,673.84, a P/E ratio of 13.05 and a beta of 1.55.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. TTM Technologies had a return on equity of 14.77% and a net margin of 2.78%. The business had revenue of $666.81 million for the quarter, compared to the consensus estimate of $651.67 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. TTM Technologies’s revenue for the quarter was up 3.9% on a year-over-year basis. equities analysts anticipate that TTM Technologies, Inc. will post 1.08 earnings per share for the current year.

TTMI has been the topic of a number of research analyst reports. Stifel Nicolaus upgraded TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 target price on the stock in a research note on Thursday, August 24th. They noted that the move was a valuation call. ValuEngine downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded TTM Technologies from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 5th. BidaskClub downgraded TTM Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, SunTrust Banks initiated coverage on TTM Technologies in a research note on Thursday, December 14th. They issued a “buy” rating and a $20.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. TTM Technologies has a consensus rating of “Buy” and an average price target of $20.38.

Several large investors have recently bought and sold shares of the business. Rubric Capital Management LP purchased a new stake in shares of TTM Technologies during the third quarter worth $6,532,000. GSA Capital Partners LLP purchased a new stake in shares of TTM Technologies during the third quarter worth $670,000. Dana Investment Advisors Inc. lifted its position in shares of TTM Technologies by 5.1% during the third quarter. Dana Investment Advisors Inc. now owns 150,356 shares of the technology company’s stock worth $2,311,000 after acquiring an additional 7,313 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of TTM Technologies by 114.6% in the third quarter. Sterling Capital Management LLC now owns 170,992 shares of the technology company’s stock worth $2,628,000 after purchasing an additional 91,301 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of TTM Technologies by 169.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,048 shares of the technology company’s stock worth $124,000 after purchasing an additional 5,056 shares during the period.

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About TTM Technologies

TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.

Insider Buying and Selling by Quarter for TTM Technologies (NASDAQ:TTMI)

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