Insider Selling: TTM Technologies, Inc. (NASDAQ:TTMI) SVP Sells 1,140 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) SVP Dale Martin Knecht sold 1,140 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $34.00, for a total transaction of $38,760.00. Following the completion of the transaction, the senior vice president now directly owns 75,206 shares of the company's stock, valued at approximately $2,557,004. This represents a 1.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 value of $295,200.00.

TTM Technologies Trading Up 5.2%

Shares of TTM Technologies stock traded up $1.73 on Monday, hitting $34.95. 533,655 shares of the company's stock traded hands, compared to its average volume of 794,506. TTM Technologies, Inc. has a one year low of $15.77 and a one year high of $35.12. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71. The stock has a market capitalization of $3.55 billion, a PE ratio of 64.66 and a beta of 1.37. The firm's 50-day moving average price is $24.32 and its two-hundred day moving average price is $24.38.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The technology company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.11. The business had revenue of $648.67 million during the quarter, compared to the consensus estimate of $621.44 million. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. The firm's revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 earnings per share. On average, research analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

TTM Technologies declared that its Board of Directors has initiated a share buyback plan on Friday, May 9th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the technology company to reacquire up to 3.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have recently commented on TTMI. Needham & Company LLC lifted their target price on TTM Technologies from $33.00 to $35.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Truist Financial dropped their price objective on TTM Technologies from $38.00 to $36.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Stifel Nicolaus initiated coverage on shares of TTM Technologies in a research report on Tuesday, February 11th. They set a "buy" rating and a $33.00 target price on the stock. Finally, B. Riley raised 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.

Institutional Investors Weigh In On TTM Technologies

Large investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in shares of 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 in the last quarter. Quarry LP raised its stake in TTM Technologies by 249.9% during the 1st quarter. Quarry LP now owns 2,110 shares of the technology company's stock worth $43,000 after buying an additional 1,507 shares during the period. USA Financial Formulas lifted its holdings in 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 acquiring an additional 1,216 shares in the last quarter. Sterling Capital Management LLC grew its stake in TTM Technologies by 808.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company's stock valued at $79,000 after acquiring an additional 2,831 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of TTM Technologies in the fourth quarter worth about $83,000. Institutional investors own 95.79% of the company's stock.

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.

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