TTM Technologies (TTMI) Trading Down 5.4%

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) fell 5.4% during trading on Thursday . The stock traded as low as $9.30 and last traded at $9.39. 2,556,240 shares were traded during trading, an increase of 147% from the average session volume of 1,036,024 shares. The stock had previously closed at $9.93.

A number of analysts recently commented on the stock. ValuEngine upgraded shares of TTM Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. BidaskClub raised shares of TTM Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Needham & Company LLC began coverage on shares of TTM Technologies in a research note on Tuesday, May 7th. They issued a “hold” rating for the company. Finally, Zacks Investment Research lowered shares of TTM Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $20.67.

The company has a market capitalization of $990.28 million, a price-to-earnings ratio of 6.80 and a beta of 2.28. The company has a current ratio of 1.92, a quick ratio of 1.74 and a debt-to-equity ratio of 1.21.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, May 1st. The technology company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.02. The firm had revenue of $620.20 million during the quarter, compared to analyst estimates of $628.46 million. TTM Technologies had a net margin of 5.71% and a return on equity of 13.44%. As a group, equities research analysts predict that TTM Technologies, Inc. will post 0.41 EPS for the current year.

In other news, insider Jon Pereira sold 2,195 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $12.03, for a total transaction of $26,405.85. Following the completion of the transaction, the insider now directly owns 18,643 shares in the company, valued at approximately $224,275.29. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Tony Sanchez sold 6,747 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $12.01, for a total transaction of $81,031.47. Following the transaction, the vice president now owns 24,731 shares of the company’s stock, valued at $297,019.31. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,922 shares of company stock valued at $203,324. Company insiders own 6.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of TTMI. Rockefeller Capital Management L.P. boosted its stake in shares of TTM Technologies by 339.1% during the 1st quarter. Rockefeller Capital Management L.P. now owns 2,121 shares of the technology company’s stock worth $25,000 after buying an additional 1,638 shares during the last quarter. First Mercantile Trust Co. acquired a new position in shares of TTM Technologies during the 1st quarter worth about $26,000. Versant Capital Management Inc boosted its stake in shares of TTM Technologies by 566.3% during the 1st quarter. Versant Capital Management Inc now owns 2,885 shares of the technology company’s stock worth $33,000 after buying an additional 2,452 shares during the last quarter. Resources Investment Advisors Inc. acquired a new position in shares of TTM Technologies during the 1st quarter worth about $34,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in shares of TTM Technologies during the 4th quarter worth about $35,000.

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TTM Technologies Company Profile (NASDAQ:TTMI)

TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.

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