TTM Technologies (NASDAQ:TTMI) Stock Price Up 4.5% - Still a Buy?

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report)'s stock price traded up 4.5% on Tuesday . The company traded as high as $26.68 and last traded at $26.64. 98,496 shares were traded during trading, a decline of 86% from the average session volume of 716,291 shares. The stock had previously closed at $25.50.

Analysts Set New Price Targets

TTMI has been the subject of several recent analyst reports. Stifel Nicolaus initiated coverage on shares of TTM Technologies in a research report on Tuesday. They set a "buy" rating and a $33.00 price objective for the company. Needham & Company LLC lifted their price target on shares of TTM Technologies from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Thursday, February 6th.

TTM Technologies Stock Up 1.1 %

The company has a current ratio of 1.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $2.70 billion, a PE ratio of 48.98 and a beta of 1.19. The stock's fifty day simple moving average is $25.21 and its 200-day simple moving average is $21.97.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly earnings data 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%. As a group, sell-side analysts forecast that TTM Technologies, Inc. will post 1.74 EPS for the current fiscal year.

Insider Transactions at TTM Technologies

In related news, COO Philip Titterton sold 24,792 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total value of $633,683.52. Following the sale, the chief operating officer now directly owns 157,528 shares in the company, valued at approximately $4,026,415.68. The trade was a 13.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Douglas L. Soder sold 5,985 shares of the company's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $25.00, for a total value of $149,625.00. Following the sale, the executive vice president now owns 179,493 shares in the company, valued at approximately $4,487,325. This represents a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,653 shares of company stock worth $1,525,165 in the last ninety days. Company insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. USA Financial Formulas purchased a new position in shares of TTM Technologies during the fourth quarter worth about $25,000. GAMMA Investing LLC boosted its stake in TTM Technologies by 67.2% in the third quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company's stock worth $29,000 after buying an additional 642 shares in the last quarter. Quarry LP bought a new stake in TTM Technologies in the third quarter valued at approximately $34,000. Smartleaf Asset Management LLC lifted its position in TTM Technologies by 670.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company's stock valued at $35,000 after purchasing an additional 1,220 shares during the last quarter. Finally, 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 valued at $36,000 after purchasing an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.

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.