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

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) SVP Dale Martin Knecht sold 3,309 shares of TTM Technologies stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $37.08, for a total value of $122,697.72. Following the sale, the senior vice president now directly owns 67,434 shares of the company's stock, valued at $2,500,452.72. This represents a 4.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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 shares were sold at an average price of $34.16, for a total value of $261,733.92.
• On Thursday, June 5th, Dale Martin Knecht sold 1,140 shares of TTM Technologies stock. The stock was sold at an average price of $34.00, for a total value 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 Price Performance

NASDAQ:TTMI traded up $1.33 during mid-day trading on Wednesday, reaching $39.20. The stock had a trading volume of 2,729,769 shares, compared to its average volume of 841,573. The stock has a market capitalization of $3.98 billion, a P/E ratio of 52.27 and a beta of 1.37. The firm has a 50 day moving average price of $28.59 and a two-hundred day moving average price of $25.40. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.75 and a current ratio of 2.07. TTM Technologies, Inc. has a one year low of $15.77 and a one year high of $40.53.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The technology company reported $0.50 EPS 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 firm had revenue of $648.67 million for the quarter, compared to the consensus estimate of $621.44 million. During the same period last year, the firm posted $0.28 earnings per share. The business's revenue was up 13.8% compared to the same quarter last year. As a group, analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. B. Riley boosted their price target 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. Stifel Nicolaus reaffirmed a "buy" rating and set a $40.00 price objective (up from $33.00) on shares of TTM Technologies in a report on Monday, June 16th. Truist Financial upped their target price on shares of TTM Technologies from $36.00 to $41.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Finally, Needham & Company LLC raised their price target on TTM Technologies from $35.00 to $43.00 and gave the company a "buy" rating in a research report on Friday, June 20th.

Institutional Trading of TTM Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Focus Partners Wealth increased its holdings in shares of TTM Technologies by 1.1% in the first quarter. Focus Partners Wealth now owns 31,944 shares of the technology company's stock worth $655,000 after buying an additional 343 shares during the period. Quadrant Capital Group LLC grew its position in TTM Technologies by 8.5% during the 4th quarter. Quadrant Capital Group LLC now owns 5,620 shares of the technology company's stock worth $139,000 after acquiring an additional 442 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in TTM Technologies by 4.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,949 shares of the technology company's stock worth $345,000 after purchasing an additional 555 shares during the period. New York State Teachers Retirement System increased its stake in TTM Technologies by 0.5% in the 1st quarter. New York State Teachers Retirement System now owns 110,577 shares of the technology company's stock worth $2,268,000 after purchasing an additional 567 shares during the period. Finally, CWM LLC lifted its position in TTM Technologies by 14.4% in the first quarter. CWM LLC now owns 4,501 shares of the technology company's stock valued at $92,000 after purchasing an additional 567 shares during the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

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.

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