TTM Technologies (NASDAQ:TTMI) Sets New 52-Week High at $17.97

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report)'s stock price hit a new 52-week high on Thursday . The stock traded as high as $17.97 and last traded at $17.74, with a volume of 32034 shares changing hands. The stock had previously closed at $17.67.

Analysts Set New Price Targets

Several research analysts have commented on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $19.00 price target on shares of TTM Technologies in a research report on Thursday, May 2nd. Stifel Nicolaus upgraded shares of TTM Technologies from a "hold" rating to a "buy" rating and upped their target price for the company from $15.00 to $19.00 in a research note on Thursday, May 2nd. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, TTM Technologies presently has a consensus rating of "Buy" and a consensus target price of $18.17.

TTM Technologies Price Performance

The company has a market cap of $1.81 billion, a price-to-earnings ratio of -891.50 and a beta of 1.37. The company has a current ratio of 2.09, a quick ratio of 1.77 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average price of $15.02 and a two-hundred day moving average price of $14.76.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.05. TTM Technologies had a negative net margin of 0.11% and a positive return on equity of 8.63%. The firm had revenue of $569.04 million for the quarter, compared to the consensus estimate of $572.03 million. During the same quarter in the previous year, the company earned $0.36 earnings per share. The business's revenue was down 7.8% compared to the same quarter last year. As a group, equities research analysts anticipate that TTM Technologies, Inc. will post 1.28 EPS for the current fiscal year.

Insider Activity

In other TTM Technologies news, insider Tom Clapprood sold 3,500 shares of the firm's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $16.48, for a total transaction of $57,680.00. Following the completion of the transaction, the insider now owns 52,264 shares in the company, valued at $861,310.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Anthony Joseph Sandeen sold 23,683 shares of TTM Technologies stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $17.53, for a total transaction of $415,162.99. Following the completion of the transaction, the insider now directly owns 28,056 shares of the company's stock, valued at approximately $491,821.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tom Clapprood sold 3,500 shares of the company's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $16.48, for a total transaction of $57,680.00. Following the sale, the insider now directly owns 52,264 shares in the company, valued at $861,310.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,642 shares of company stock worth $480,017. Corporate insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On TTM Technologies

Several hedge funds have recently bought and sold shares of TTMI. First Eagle Investment Management LLC increased its holdings in TTM Technologies by 14.6% during the first quarter. First Eagle Investment Management LLC now owns 632,341 shares of the technology company's stock worth $9,896,000 after buying an additional 80,400 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of TTM Technologies by 2.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 61,101 shares of the technology company's stock valued at $956,000 after purchasing an additional 1,358 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in TTM Technologies by 14.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 33,567 shares of the technology company's stock valued at $525,000 after purchasing an additional 4,357 shares during the last quarter. ProShare Advisors LLC grew its holdings in TTM Technologies by 5.9% during the first quarter. ProShare Advisors LLC now owns 20,565 shares of the technology company's stock worth $322,000 after purchasing an additional 1,150 shares during the period. Finally, Russell Investments Group Ltd. increased its position in TTM Technologies by 6.1% during the first quarter. Russell Investments Group Ltd. now owns 77,974 shares of the technology company's stock worth $1,220,000 after buying an additional 4,479 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

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.