Steven Spoto Sells 500 Shares of TTM Technologies, Inc. (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI) insider Steven Spoto sold 500 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $24.32, for a total transaction of $12,160.00. Following the sale, the insider now directly owns 3,484 shares in the company, valued at approximately $84,730.88. This trade represents a 12.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

TTM Technologies Stock Up 3.1 %

TTMI stock opened at $21.83 on Friday. 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’s 50 day moving average is $24.68 and its 200 day moving average is $22.69. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 40.43 and a beta of 1.19. TTM Technologies, Inc. has a 1-year low of $13.43 and a 1-year high of $30.41.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share 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%. Sell-side analysts predict 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. Jane Street Group LLC grew its holdings in shares of TTM Technologies by 75.6% in the third quarter. Jane Street Group LLC now owns 231,208 shares of the technology company’s stock worth $4,220,000 after purchasing an additional 99,512 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of TTM Technologies by 131.7% in the third quarter. Natixis Advisors LLC now owns 80,631 shares of the technology company’s stock worth $1,471,000 after purchasing an additional 45,835 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of TTM Technologies in the third quarter worth approximately $847,000. Allspring Global Investments Holdings LLC grew its holdings in shares of TTM Technologies by 33.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,122 shares of the technology company’s stock worth $993,000 after purchasing an additional 9,980 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of TTM Technologies by 391.6% in the fourth quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company’s stock worth $24,268,000 after purchasing an additional 781,058 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC increased 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. Stifel Nicolaus assumed 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.

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.