TTM Technologies, Inc. (NASDAQ:TTMI) SVP Dale Martin Knecht Sells 1,140 Shares

TTM Technologies, Inc. (NASDAQ:TTMI) SVP Dale Martin Knecht sold 1,140 shares of the business’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $34.00, for a total transaction of $38,760.00. Following the transaction, the senior vice president now owns 75,206 shares of the company’s stock, valued at $2,557,004. This trade represents a 1.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Dale Martin Knecht also recently made the following trade(s):

• On Monday, June 9th, Dale Martin Knecht sold 7,662 shares of TTM Technologies stock. The stock was sold at an average price of $34.16, for a total transaction of $261,733.92.
• On Tuesday, May 13th, Dale Martin Knecht sold 10,000 shares of TTM Technologies stock. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00.

TTM Technologies Stock Performance

NASDAQ TTMI opened at $35.70 on Tuesday. The company has a 50-day simple moving average of $24.61 and a two-hundred day simple moving average of $24.46. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. TTM Technologies, Inc. has a 12-month low of $15.77 and a 12-month high of $35.99. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 66.11 and a beta of 1.37.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, April 30th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.11. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. The business had revenue of $648.67 million during the quarter, compared to analyst estimates of $621.44 million. During the same period in the prior year, the business posted $0.28 earnings per share. The company’s revenue was up 13.8% on a year-over-year basis. On average, equities analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current year.

TTM Technologies declared that its Board of Directors has approved a stock repurchase plan on Friday, May 9th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the technology company to purchase up to 3.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of TTM Technologies from $36.00 to $41.00 and gave the stock a “buy” rating in a report on Monday. Needham & Company LLC upped their price target on shares of TTM Technologies from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Stifel Nicolaus assumed coverage on shares of TTM Technologies in a research report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price target for the company. Finally, B. Riley upped their price target on shares of TTM Technologies from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, May 1st.

Hedge Funds Weigh In On TTM Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in shares of TTM Technologies by 670.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock valued at $35,000 after acquiring an additional 1,220 shares during the last quarter. Quarry LP raised its stake in shares of TTM Technologies by 249.9% during the first quarter. Quarry LP now owns 2,110 shares of the technology company’s stock valued at $43,000 after acquiring an additional 1,507 shares during the last quarter. USA Financial Formulas raised its stake in shares of TTM Technologies by 119.1% during the first quarter. USA Financial Formulas now owns 2,237 shares of the technology company’s stock valued at $46,000 after acquiring an additional 1,216 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of TTM Technologies by 808.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company’s stock valued at $79,000 after acquiring an additional 2,831 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of TTM Technologies during the fourth quarter valued at about $83,000. 95.79% of the stock is owned by institutional investors.

TTM Technologies Company Profile

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.