TTM Technologies, Inc. (NASDAQ:TTMI – Get Free Report) SVP Dale Martin Knecht sold 2,014 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total transaction of $420,805.16. Following the completion of the sale, the senior vice president owned 66,336 shares of the company’s stock, valued at $13,860,243.84. The trade was a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Dale Martin Knecht also recently made the following trade(s):
- On Tuesday, June 23rd, Dale Martin Knecht sold 6,754 shares of TTM Technologies stock. The shares were sold at an average price of $209.79, for a total transaction of $1,416,921.66.
TTM Technologies Price Performance
TTMI stock opened at $187.02 on Wednesday. The stock has a market capitalization of $19.42 billion, a PE ratio of 101.09 and a beta of 2.09. The company’s 50-day moving average is $175.24 and its 200-day moving average is $121.95. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.61. TTM Technologies, Inc. has a 1 year low of $39.20 and a 1 year high of $223.83.
Key Stories Impacting TTM Technologies
Here are the key news stories impacting TTM Technologies this week:
- Positive Sentiment: TTM Technologies was upgraded to Zacks Rank #1 (Strong Buy), suggesting improved earnings expectations and stronger near-term sentiment from analysts. TTM upgraded to Strong Buy
- Positive Sentiment: TTMI also made Zacks’ Best Momentum Stocks list, which can attract traders looking for continuing price strength. TTMI on Best Momentum Stocks list
- Positive Sentiment: The stock was added to Zacks’ Strong Buy list, reinforcing bullish sentiment around its earnings outlook and momentum profile. TTMI added to Strong Buy list
- Neutral Sentiment: Several company insiders, including the CAO, CFO, COO, and multiple EVPs, disclosed share sales at around $208.92-$208.95 per share. While these sales may weigh on sentiment, they were modest relative to their remaining holdings and were fully disclosed in SEC filings. Insider selling disclosures
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. Truist Financial increased their target price on TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. B. Riley Financial boosted their price target on shares of TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Wall Street Zen downgraded shares of TTM Technologies from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Needham & Company LLC raised their price objective on shares of TTM Technologies from $208.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of TTM Technologies in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat, TTM Technologies has an average rating of “Buy” and an average price target of $212.00.
View Our Latest Report on TTM Technologies
Hedge Funds Weigh In On TTM Technologies
Large investors have recently bought and sold shares of the stock. Pacer Advisors Inc. bought a new stake in shares of TTM Technologies in the 1st quarter worth $1,722,000. Parallel Advisors LLC lifted its position in shares of TTM Technologies by 36.2% during the first quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock valued at $32,000 after purchasing an additional 87 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in TTM Technologies by 385.0% during the first quarter. NewEdge Advisors LLC now owns 12,581 shares of the technology company’s stock worth $1,226,000 after purchasing an additional 9,987 shares during the last quarter. Optiver Holding B.V. boosted its holdings in TTM Technologies by 168.7% during the first quarter. Optiver Holding B.V. now owns 532 shares of the technology company’s stock worth $52,000 after purchasing an additional 334 shares during the last quarter. Finally, Montchanin Asset Management LLC bought a new stake in TTM Technologies in the 1st quarter worth about $201,000. 95.79% of the stock is currently owned by institutional investors.
TTM Technologies Company Profile
TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.
Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.
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