TTM Technologies, Inc. (NASDAQ:TTMI) SVP Dale Martin Knecht Sells 3,848 Shares

TTM Technologies, Inc. (NASDAQ:TTMI) SVP Dale Martin Knecht sold 3,848 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.01, for a total value of $100,086.48. Following the completion of the sale, the senior vice president now owns 86,346 shares of the company’s stock, valued at approximately $2,245,859.46. This represents a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

TTM Technologies Price Performance

TTMI stock opened at $25.36 on Friday. The company has a market capitalization of $2.59 billion, a P/E ratio of 46.96 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week high of $30.41. The business has a 50-day simple moving average of $25.33 and a two-hundred day simple moving average of $22.25.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. Research analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Hedge Funds Weigh In On TTM Technologies

A number of hedge funds have recently added to or reduced their stakes in TTMI. USA Financial Formulas acquired a new position in TTM Technologies during the 4th quarter valued at about $25,000. Quarry LP bought a new position in shares of TTM Technologies during the 3rd quarter worth approximately $34,000. Smartleaf Asset Management LLC lifted its position in shares of TTM Technologies by 670.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock worth $35,000 after buying an additional 1,220 shares in the last quarter. Covestor Ltd lifted its position in shares of TTM Technologies by 3,220.3% during the 3rd quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock worth $36,000 after buying an additional 1,900 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of TTM Technologies by 27.7% during the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after buying an additional 443 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Stifel Nicolaus assumed coverage on TTM Technologies in a research note on Tuesday, February 11th. They issued a “buy” rating and a $33.00 target price for the company. Needham & Company LLC raised their target price on TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, February 6th.

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.