TTM Technologies, Inc. (NASDAQ:TTMI) SVP Dale Martin Knecht Sells 1,140 Shares

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

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

• 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 value of $261,733.92.
• 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 value of $295,200.00.

TTM Technologies Stock Performance

NASDAQ:TTMI traded down $0.16 during trading on Thursday, reaching $36.42. The company's stock had a trading volume of 1,640,927 shares, compared to its average volume of 816,280. TTM Technologies, Inc. has a 12 month low of $15.77 and a 12 month high of $37.17. The firm 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 moving average of $25.70 and a 200-day moving average of $24.71. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted 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. The company had revenue of $648.67 million during the quarter, compared to analyst estimates of $621.44 million. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. Research analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

TTM Technologies announced that its board has initiated a share buyback program on Friday, May 9th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the technology company to purchase up to 3.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Institutional Trading of TTM Technologies

Several hedge funds have recently made changes to their positions in the company. KBC Group NV raised its stake in TTM Technologies by 47.4% in the 4th quarter. KBC Group NV now owns 4,404 shares of the technology company's stock valued at $109,000 after acquiring an additional 1,416 shares during the period. Empowered Funds LLC increased its stake in shares of TTM Technologies by 2.2% in the fourth quarter. Empowered Funds LLC now owns 556,986 shares of the technology company's stock worth $13,785,000 after purchasing an additional 11,776 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of TTM Technologies by 33.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,122 shares of the technology company's stock valued at $993,000 after buying an additional 9,980 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in TTM Technologies in the 4th quarter worth approximately $83,000. Finally, Principal Financial Group Inc. grew its stake in TTM Technologies by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 494,446 shares of the technology company's stock valued at $12,238,000 after buying an additional 13,918 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TTMI. Truist Financial upped their price target on TTM Technologies from $36.00 to $41.00 and gave the stock a "buy" rating in a report on Monday. B. Riley upped their target price on shares of TTM Technologies from $35.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Finally, Needham & Company LLC raised their price target on shares of TTM Technologies from $33.00 to $35.00 and gave the company a "buy" rating in a research 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.