TTM Technologies, Inc. (NASDAQ:TTMI) SVP Sells $292,067.87 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) SVP Dale Martin Knecht sold 7,487 shares of TTM Technologies stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $39.01, for a total value of $292,067.87. Following the completion of the sale, the senior vice president now owns 59,947 shares of the company's stock, valued at approximately $2,338,532.47. The trade was a 11.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, June 24th, Dale Martin Knecht sold 3,309 shares of TTM Technologies stock. The shares were sold at an average price of $37.08, for a total transaction of $122,697.72.
• 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 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 Stock Up 1.0%

Shares of TTMI traded up $0.39 during trading hours on Friday, hitting $40.25. The stock had a trading volume of 2,370,405 shares, compared to its average volume of 849,737. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.07 and a quick ratio of 1.75. The firm has a 50 day simple moving average of $29.86 and a 200-day simple moving average of $25.70. The firm has a market capitalization of $4.09 billion, a P/E ratio of 53.67 and a beta of 1.37. TTM Technologies, Inc. has a 1-year low of $15.77 and a 1-year high of $40.58.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The technology company reported $0.50 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $621.44 million. During the same quarter last year, the firm earned $0.28 EPS. The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. Sell-side analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

TTM Technologies declared that its board has approved a stock buyback program on Friday, May 9th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 3.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Hedge Funds Weigh In On TTM Technologies

Several hedge funds have recently modified their holdings of the company. Inspire Investing LLC lifted its position in shares of TTM Technologies by 214.1% during the 1st quarter. Inspire Investing LLC now owns 50,880 shares of the technology company's stock worth $1,044,000 after buying an additional 34,680 shares in the last quarter. Strs Ohio bought a new position in shares of TTM Technologies during the 1st quarter worth approximately $800,000. Intech Investment Management LLC lifted its position in shares of TTM Technologies by 5.4% during the 1st quarter. Intech Investment Management LLC now owns 118,782 shares of the technology company's stock worth $2,436,000 after buying an additional 6,125 shares in the last quarter. Focus Partners Wealth lifted its position in shares of TTM Technologies by 1.1% during the 1st quarter. Focus Partners Wealth now owns 31,944 shares of the technology company's stock worth $655,000 after buying an additional 343 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of TTM Technologies by 1,150.2% during the 1st quarter. Jane Street Group LLC now owns 139,889 shares of the technology company's stock worth $2,869,000 after buying an additional 128,700 shares in the last quarter. Institutional investors own 95.79% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TTMI. Truist Financial raised their target price on TTM Technologies from $36.00 to $41.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Needham & Company LLC raised their target price on TTM Technologies from $35.00 to $43.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Stifel Nicolaus restated a "buy" rating and issued a $40.00 target price (up from $33.00) on shares of TTM Technologies in a research note on Monday, June 16th. Finally, B. Riley raised their target price on TTM Technologies from $35.00 to $36.00 and gave the company a "buy" rating in a research note 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.