TTM Technologies, Inc. (NASDAQ:TTMI) COO Philip Titterton Sells 24,792 Shares

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) COO Philip Titterton sold 24,792 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total value of $633,683.52. Following the transaction, the chief operating officer now directly owns 157,528 shares in the company, valued at $4,026,415.68. This trade represents a 13.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

TTM Technologies Price Performance

TTM Technologies stock traded up $0.29 during midday trading on Monday, hitting $26.45. The company's stock had a trading volume of 536,698 shares, compared to its average volume of 746,067. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $30.41. The company has a quick ratio of 1.70, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $2.70 billion, a PE ratio of 48.98 and a beta of 1.19. The stock's 50-day moving average price is $25.29 and its 200-day moving average price is $22.08.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share (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%. Analysts anticipate that TTM Technologies, Inc. will post 1.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TTM Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State of Wyoming grew its holdings in shares of TTM Technologies by 103.3% in the 4th quarter. State of Wyoming now owns 5,708 shares of the technology company's stock worth $141,000 after acquiring an additional 2,900 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of TTM Technologies by 44.4% in the 4th quarter. ProShare Advisors LLC now owns 30,448 shares of the technology company's stock valued at $754,000 after purchasing an additional 9,366 shares during the period. Millennium Management LLC increased its stake in TTM Technologies by 38.9% in the 4th quarter. Millennium Management LLC now owns 520,666 shares of the technology company's stock worth $12,886,000 after purchasing an additional 145,917 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in TTM Technologies by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,455 shares of the technology company's stock worth $1,422,000 after buying an additional 2,196 shares during the period. Finally, LMR Partners LLP purchased a new stake in TTM Technologies during the fourth quarter valued at about $539,000. Institutional investors and hedge funds own 95.79% of the company's stock.

Analyst Upgrades and Downgrades

TTMI has been the subject of a number of research analyst reports. Needham & Company LLC upped their price target on shares of TTM Technologies from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Stifel Nicolaus started coverage on TTM Technologies in a research report on Tuesday, February 11th. They issued a "buy" rating and a $33.00 target price for the company.

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.