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TTM Technologies (NASDAQ:TTMI – Get Rating) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 2nd. Analysts expect TTM Technologies to post earnings of $0.40 per share for the quarter. TTM Technologies has set its Q3 2022 guidance at $0.41-$0.47 EPS and its Q3 guidance at $0.41-0.47 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.
TTM Technologies (NASDAQ:TTMI – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.20. TTM Technologies had a net margin of 3.15% and a return on equity of 9.30%. The company had revenue of $625.55 million during the quarter, compared to the consensus estimate of $599.04 million. On average, analysts expect TTM Technologies to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
TTM Technologies Stock Up 2.6 %
Shares of TTM Technologies stock opened at $15.28 on Wednesday. TTM Technologies has a 52-week low of $9.76 and a 52-week high of $17.49. The company has a 50 day moving average of $14.73 and a 200 day moving average of $14.05. The company has a quick ratio of 1.62, a current ratio of 1.91 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $1.56 billion, a P/E ratio of 21.52 and a beta of 1.45.
Analyst Ratings Changes
A number of research firms have weighed in on TTMI. Needham & Company LLC raised their price objective on shares of TTM Technologies from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. StockNews.com began coverage on shares of TTM Technologies in a report on Wednesday, October 12th. They set a “buy” rating on the stock.
Insider Activity
In other news, SVP William Kent Hardwick sold 5,000 shares of TTM Technologies stock in a transaction on Monday, August 8th. The shares were sold at an average price of $16.29, for a total value of $81,450.00. Following the transaction, the senior vice president now directly owns 82,889 shares of the company’s stock, valued at approximately $1,350,261.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Daniel J. Weber sold 10,000 shares of TTM Technologies stock in a transaction on Monday, August 8th. The shares were sold at an average price of $16.36, for a total value of $163,600.00. Following the transaction, the executive vice president now directly owns 84,736 shares in the company, valued at approximately $1,386,280.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP William Kent Hardwick sold 5,000 shares of TTM Technologies stock in a transaction on Monday, August 8th. The shares were sold at an average price of $16.29, for a total transaction of $81,450.00. Following the completion of the transaction, the senior vice president now owns 82,889 shares in the company, valued at $1,350,261.81. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
Hedge Funds Weigh In On TTM Technologies
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors grew its position in TTM Technologies by 5.2% in the 2nd quarter. Captrust Financial Advisors now owns 13,221 shares of the technology company’s stock valued at $165,000 after buying an additional 658 shares during the last quarter. AQR Capital Management LLC grew its position in TTM Technologies by 0.8% in the 2nd quarter. AQR Capital Management LLC now owns 157,288 shares of the technology company’s stock valued at $1,966,000 after buying an additional 1,325 shares during the last quarter. Citigroup Inc. grew its position in TTM Technologies by 1.9% in the 1st quarter. Citigroup Inc. now owns 102,360 shares of the technology company’s stock valued at $1,517,000 after buying an additional 1,893 shares during the last quarter. LPL Financial LLC grew its position in TTM Technologies by 6.5% in the 2nd quarter. LPL Financial LLC now owns 33,912 shares of the technology company’s stock valued at $424,000 after buying an additional 2,067 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in TTM Technologies by 12.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 26,531 shares of the technology company’s stock valued at $332,000 after buying an additional 2,921 shares during the last quarter. 95.83% of the stock is currently owned by hedge funds and other institutional investors.
About TTM Technologies
(Get Rating)
TTM Technologies, Inc, together with its subsidiaries, engages in the manufacture and sale of printed circuit boards (PCBs) worldwide. The company operates in two segments, PCB and RF&S Components. It offers PCB products, radio frequency (RF) components, conventional PCBs, RF and microwave circuits, high density interconnect PCBs, substrate-like PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, IC substrates, passive RF components, advanced ceramic RF components, multi-chip modules, and beamforming and switching networks.
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