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

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) insider Steven Spoto sold 500 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $24.32, for a total value of $12,160.00. Following the completion of the sale, the insider now directly owns 3,484 shares of the company's stock, valued at $84,730.88. This represents a 12.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

TTM Technologies Stock Performance

NASDAQ TTMI traded down $0.25 during trading on Thursday, hitting $21.76. The company's stock had a trading volume of 29,279 shares, compared to its average volume of 721,209. TTM Technologies, Inc. has a 52 week low of $13.43 and a 52 week high of $30.41. The firm has a market cap of $2.22 billion, a P/E ratio of 40.22 and a beta of 1.19. The firm has a 50 day moving average price of $24.82 and a 200 day moving average price of $22.69. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. Equities research analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Stifel Nicolaus started coverage on shares of TTM Technologies in a research report on Tuesday, February 11th. They issued a "buy" rating and a $33.00 price target on the stock. Needham & Company LLC lifted their target price 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.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd lifted its position in TTM Technologies by 3,220.3% in the third quarter. Covestor Ltd now owns 1,959 shares of the technology company's stock worth $36,000 after purchasing an additional 1,900 shares during the period. Versor Investments LP boosted its position in shares of TTM Technologies by 254.7% during the 3rd quarter. Versor Investments LP now owns 49,300 shares of the technology company's stock valued at $900,000 after acquiring an additional 35,400 shares in the last quarter. Aigen Investment Management LP bought a new stake in TTM Technologies in the third quarter valued at about $278,000. Victory Capital Management Inc. raised its position in TTM Technologies by 1.1% in the third quarter. Victory Capital Management Inc. now owns 199,451 shares of the technology company's stock worth $3,640,000 after purchasing an additional 2,172 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in TTM Technologies by 5.4% during the third quarter. Empowered Funds LLC now owns 545,210 shares of the technology company's stock worth $9,950,000 after purchasing an additional 27,738 shares during the period. Institutional investors own 95.79% of the company's stock.

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.

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