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TTM Technologies (NASDAQ:TTMI - Get Rating) issued an update on its third quarter 2022 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.41-$0.47 for the period, compared to the consensus earnings per share estimate of $0.35. The company issued revenue guidance of $655.00 million-$695.00 million, compared to the consensus revenue estimate of $620.39 million. TTM Technologies Price Performance
TTM Technologies stock traded up $0.33 during mid-day trading on Wednesday, reaching $16.04. 17,289 shares of the company were exchanged, compared to its average volume of 849,128. The company has a fifty day simple moving average of $13.22 and a 200-day simple moving average of $13.50. TTM Technologies has a 12 month low of $9.76 and a 12 month high of $17.48. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.91 and a quick ratio of 1.62. The firm has a market cap of $1.63 billion, a PE ratio of 22.13 and a beta of 1.53. Analyst Upgrades and Downgrades
TTMI has been the topic of a number of recent research reports. Needham & Company LLC raised their price objective on TTM Technologies from $17.00 to $19.00 and gave the stock a buy rating in a research note on Thursday, August 4th. StockNews.com upgraded TTM Technologies from a hold rating to a buy rating in a research note on Wednesday, May 18th.Insider Buying and Selling at TTM Technologies
In other TTM Technologies news, VP Tony Sanchez sold 2,904 shares of the firm's stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $12.67, for a total value of $36,793.68. Following the sale, the vice president now owns 18,446 shares of the company's stock, valued at approximately $233,710.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, COO Philip Titterton sold 12,990 shares of the firm's stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $12.13, for a total transaction of $157,568.70. Following the sale, the chief operating officer now owns 87,196 shares of the company's stock, valued at approximately $1,057,687.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Tony Sanchez sold 2,904 shares of the firm's stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $12.67, for a total value of $36,793.68. Following the sale, the vice president now directly owns 18,446 shares in the company, valued at approximately $233,710.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,941 shares of company stock valued at $589,439. 1.10% of the stock is currently owned by corporate insiders. Institutional Investors Weigh In On TTM Technologies
Several hedge funds have recently modified their holdings of the company. Captrust Financial Advisors raised its position in TTM Technologies by 21.6% during the 1st quarter. Captrust Financial Advisors now owns 12,563 shares of the technology company's stock worth $186,000 after purchasing an additional 2,230 shares during the last quarter. Envestnet Asset Management Inc. raised its position in TTM Technologies by 58.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 16,919 shares of the technology company's stock worth $211,000 after purchasing an additional 6,244 shares during the last quarter. Allianz Asset Management GmbH raised its position in TTM Technologies by 31.3% during the 1st quarter. Allianz Asset Management GmbH now owns 34,334 shares of the technology company's stock worth $509,000 after purchasing an additional 8,185 shares during the last quarter. Hsbc Holdings PLC raised its position in TTM Technologies by 223.3% during the 1st quarter. Hsbc Holdings PLC now owns 45,133 shares of the technology company's stock worth $667,000 after purchasing an additional 31,175 shares during the last quarter. Finally, MetLife Investment Management LLC raised its position in TTM Technologies by 55.1% during the 1st quarter. MetLife Investment Management LLC now owns 55,710 shares of the technology company's stock worth $826,000 after purchasing an additional 19,783 shares during the last quarter. Institutional investors and hedge funds own 99.08% of the company's stock. TTM Technologies Company Profile (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.See AlsoGet a free copy of the StockNews.com research report on TTM Technologies (TTMI)A Rounded Bottom In Draftkings, Inc Begins To Reverse CourseWorkhorse Group Is Ready To Get Back On The Horse Are 3M, Honeywell, GE Buys After Quarterly Reports?CVS and Walgreens Show Why Investment Objectives Matter Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
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