Insider Selling: TTM Technologies, Inc. (NASDAQ:TTMI) EVP Sells 15,000 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) EVP Daniel J. Weber sold 15,000 shares of TTM Technologies stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.34, for a total value of $395,100.00. Following the sale, the executive vice president now owns 95,153 shares of the company's stock, valued at approximately $2,506,330.02. This represents a 13.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

TTM Technologies Trading Down 1.4 %

Shares of NASDAQ TTMI traded down $0.35 on Monday, reaching $25.01. 279,995 shares of the company traded hands, compared to its average volume of 746,835. The company has a 50 day moving average of $25.33 and a 200 day moving average of $22.31. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $30.41. The stock has a market capitalization of $2.55 billion, a PE ratio of 46.31 and a beta of 1.19.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share 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%. On average, equities research analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

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Institutional Inflows and Outflows

Hedge funds and other 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 raised its holdings in shares of TTM Technologies by 34.0% in 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 worth $4,378,000 after purchasing an additional 44,833 shares during the period. State of Wyoming grew its stake 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 in the last quarter. ProShare Advisors LLC increased 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 worth $754,000 after purchasing an additional 9,366 shares during the last quarter. Millennium Management LLC increased its holdings in shares of TTM Technologies by 38.9% in the 4th quarter. Millennium Management LLC now owns 520,666 shares of the technology company's stock valued at $12,886,000 after acquiring an additional 145,917 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of TTM Technologies by 4.0% in 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 last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on TTMI. Stifel Nicolaus assumed coverage on shares of TTM Technologies in a research note on Tuesday, February 11th. They set 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 research note on Thursday, February 6th.

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.