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

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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

(Get Free Report)

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.

Further Reading

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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