TTM Technologies, Inc. (NASDAQ:TTMI) EVP Catherine A. Gridley Sells 6,000 Shares

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Catherine A. Gridley sold 6,000 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $26.25, for a total transaction of $157,500.00. Following the sale, the executive vice president now owns 125,206 shares in the company, valued at $3,286,657.50. This represents a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

TTM Technologies Stock Performance

Shares of NASDAQ:TTMI opened at $26.02 on Friday. 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 12 month low of $13.43 and a 12 month high of $30.41. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 48.19 and a beta of 1.19. The firm’s 50-day moving average is $25.33 and its 200 day moving average is $22.20.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. Research analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Institutional Trading of TTM Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. USA Financial Formulas purchased a new stake in shares of TTM Technologies during the fourth quarter valued at $25,000. Smartleaf Asset Management LLC lifted its holdings in TTM Technologies by 670.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock valued at $35,000 after buying an additional 1,220 shares in the last quarter. Quarry LP purchased a new stake in TTM Technologies in the 3rd quarter valued at about $34,000. Covestor Ltd grew its stake in TTM Technologies by 3,220.3% in the 3rd quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,900 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of TTM Technologies by 27.7% during the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after acquiring an additional 443 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on TTMI. Needham & Company LLC upped their price objective on TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Stifel Nicolaus began coverage on TTM Technologies in a report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price target on the 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.