TTM Technologies, Inc. (NASDAQ:TTMI) EVP Sells $157,500.00 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) EVP Catherine A. Gridley sold 6,000 shares of the company's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $26.25, for a total value of $157,500.00. Following the completion of the transaction, the executive vice president now directly owns 125,206 shares of the company's stock, valued at approximately $3,286,657.50. This trade represents a 4.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

TTM Technologies Price Performance

Shares of TTMI stock traded down $0.66 during trading hours on Friday, hitting $25.36. The company had a trading volume of 726,558 shares, compared to its average volume of 760,958. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $30.41. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 46.96 and a beta of 1.19. The firm's fifty day moving average is $25.33 and its 200 day moving average is $22.25. 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 (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. On average, sell-side analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on TTMI. Needham & Company LLC raised their target price on TTM Technologies from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Stifel Nicolaus began 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.

Hedge Funds Weigh In On TTM Technologies

Several institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in TTM Technologies by 34.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 176,872 shares of the technology company's stock valued at $4,378,000 after purchasing an additional 44,833 shares during the last quarter. State of Wyoming lifted its holdings in TTM Technologies by 103.3% during the 4th quarter. State of Wyoming now owns 5,708 shares of the technology company's stock valued at $141,000 after purchasing an additional 2,900 shares during the last quarter. ProShare Advisors LLC lifted its holdings in TTM Technologies by 44.4% during 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 last quarter. Millennium Management LLC grew its holdings in shares of TTM Technologies by 38.9% during the fourth 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 during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of TTM Technologies by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,455 shares of the technology company's stock worth $1,422,000 after purchasing an additional 2,196 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

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.