TTM Technologies, Inc. (NASDAQ:TTMI) SVP Dale Martin Knecht Sells 7,662 Shares

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) SVP Dale Martin Knecht sold 7,662 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $34.16, for a total value of $261,733.92. Following the completion of the transaction, the senior vice president now owns 67,544 shares of the company's stock, valued at $2,307,303.04. The trade was a 10.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• 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 shares were sold at an average price of $29.52, for a total transaction of $295,200.00.

TTM Technologies Price Performance

Shares of TTM Technologies stock traded down $0.16 during mid-day trading on Thursday, reaching $36.42. 1,640,927 shares of the stock were exchanged, compared to its average volume of 816,280. TTM Technologies, Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $37.17. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 67.44 and a beta of 1.37. The firm has a 50-day simple moving average of $25.70 and a 200 day simple moving average of $24.71. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58.

TTM Technologies (NASDAQ:TTMI - Get Free Report) 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 2.30% and a return on equity of 9.74%. The company had revenue of $648.67 million during the quarter, compared to analyst estimates of $621.44 million. During the same quarter last 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, 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 share repurchase program on Friday, May 9th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 3.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Institutional Trading of TTM Technologies

Several large investors have recently made changes to their positions in TTMI. Smartleaf Asset Management LLC lifted its position in 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. Quarry LP raised its stake in shares of TTM Technologies by 249.9% in the first quarter. Quarry LP now owns 2,110 shares of the technology company's stock worth $43,000 after acquiring an additional 1,507 shares during the last quarter. USA Financial Formulas lifted its position 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 worth $46,000 after purchasing an additional 1,216 shares in the last quarter. Sterling Capital Management LLC grew 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 purchasing an additional 2,831 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of TTM Technologies during the fourth quarter valued at approximately $83,000. Institutional investors own 95.79% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on TTMI shares. B. Riley upped their target price on shares of TTM Technologies from $35.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Truist Financial lifted their price objective on TTM Technologies from $36.00 to $41.00 and gave the company a "buy" rating in a report on Monday. Finally, Needham & Company LLC upped their price objective on TTM Technologies from $33.00 to $35.00 and gave the company a "buy" rating in a research note on Thursday, May 1st.

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.