TTM Technologies, Inc. (NASDAQ:TTMI) SVP Sells $122,697.72 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) SVP Dale Martin Knecht sold 3,309 shares of the company’s stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $37.08, for a total transaction of $122,697.72. Following the completion of the transaction, the senior vice president now owns 67,434 shares in the company, valued at approximately $2,500,452.72. This represents a 4.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, June 25th, Dale Martin Knecht sold 7,487 shares of TTM Technologies stock. The shares were sold at an average price of $39.01, for a total transaction of $292,067.87.
• On Monday, June 9th, Dale Martin Knecht sold 7,662 shares of TTM Technologies stock. The shares were sold at an average price of $34.16, for a total transaction of $261,733.92.
• On Thursday, June 5th, Dale Martin Knecht sold 1,140 shares of TTM Technologies stock. The shares were sold at an average price of $34.00, for a total transaction of $38,760.00.
• 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 Trading Up 1.0%

TTMI opened at $40.25 on Friday. TTM Technologies, Inc. has a twelve month low of $15.77 and a twelve month high of $40.58. The company has a 50-day simple moving average of $29.86 and a 200 day simple moving average of $25.70. The company has a quick ratio of 1.75, a current ratio of 2.07 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 53.67 and a beta of 1.37.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, April 30th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.11. TTM Technologies had a net margin of 3.09% and a return on equity of 10.75%. The business had revenue of $648.67 million during the quarter, compared to analysts’ expectations of $621.44 million. During the same quarter in the prior year, the business posted $0.28 earnings per share. TTM Technologies’s revenue was up 13.8% compared to the same quarter last year. Analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

TTM Technologies announced that its board has authorized a stock buyback program on Friday, May 9th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the technology company to buy up to 3.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On TTM Technologies

Several institutional investors and hedge funds have recently bought and sold shares of TTMI. Smartleaf Asset Management LLC lifted its position in TTM Technologies by 670.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock worth $35,000 after purchasing an additional 1,220 shares during the period. Quarry LP lifted its position in TTM Technologies by 249.9% during the first quarter. Quarry LP now owns 2,110 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,507 shares during the period. USA Financial Formulas boosted its stake in shares of TTM Technologies by 119.1% in the 1st quarter. USA Financial Formulas now owns 2,237 shares of the technology company’s stock valued at $46,000 after purchasing an additional 1,216 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of TTM Technologies by 808.9% in the 4th quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company’s stock valued at $79,000 after purchasing an additional 2,831 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of TTM Technologies in the 4th quarter valued at approximately $89,000. Institutional investors own 95.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TTMI. Needham & Company LLC boosted their price objective on shares of TTM Technologies from $35.00 to $43.00 and gave the company a “buy” rating in a report on Friday, June 20th. Truist Financial boosted their price objective on shares of TTM Technologies from $36.00 to $41.00 and gave the company a “buy” rating in a report on Monday, June 9th. Stifel Nicolaus reissued a “buy” rating and issued a $40.00 price objective (up previously from $33.00) on shares of TTM Technologies in a report on Monday, June 16th. Finally, B. Riley boosted their price objective on shares of TTM Technologies from $35.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, May 1st.

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.