Dale Martin Knecht Sells 3,309 Shares of TTM Technologies, Inc. (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) SVP Dale Martin Knecht sold 3,309 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 67,434 shares in the company, valued at $2,500,452.72. This represents a 4.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, June 25th, Dale Martin Knecht sold 7,487 shares of TTM Technologies stock. The stock was sold at an average price of $39.01, for a total value of $292,067.87.
• 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 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 value 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 value of $295,200.00.

TTM Technologies Stock Performance

TTM Technologies stock traded up $0.39 during mid-day trading on Friday, reaching $40.25. 2,370,405 shares of the stock traded hands, 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 business's 50-day moving average is $29.86 and its 200-day moving average is $25.70. The stock has a market capitalization of $4.09 billion, a PE ratio of 53.67 and a beta of 1.37. TTM Technologies, Inc. has a 12-month low of $15.77 and a 12-month high of $40.58.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its earnings results on Wednesday, April 30th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.11. TTM Technologies had a return on equity of 10.75% and a net margin of 3.09%. The firm had revenue of $648.67 million during the quarter, compared to analysts' expectations of $621.44 million. During the same quarter last year, the business posted $0.28 earnings per share. The firm's revenue was up 13.8% on a year-over-year basis. As a group, sell-side analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on TTMI shares. Needham & Company LLC increased their price objective on TTM Technologies from $35.00 to $43.00 and gave the company a "buy" rating in a research report on Friday, June 20th. Stifel Nicolaus reissued a "buy" rating and set a $40.00 target price (up from $33.00) on shares of TTM Technologies in a research note on Monday, June 16th. B. Riley lifted their price target on TTM Technologies from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, Truist Financial raised their price objective on shares of TTM Technologies from $36.00 to $41.00 and gave the company a "buy" rating in a research note on Monday, June 9th.

Hedge Funds Weigh In On TTM Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in shares of TTM Technologies by 670.3% in the fourth 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 during the period. Quarry LP grew 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 valued at $43,000 after purchasing an additional 1,507 shares during the last quarter. USA Financial Formulas grew its stake in TTM Technologies by 119.1% during the 1st quarter. USA Financial Formulas now owns 2,237 shares of the technology company's stock valued at $46,000 after purchasing an additional 1,216 shares during the last quarter. Sterling Capital Management LLC grew its stake in TTM Technologies by 808.9% during the 4th 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, Meeder Asset Management Inc. purchased a new stake in TTM Technologies during the 4th quarter valued at about $89,000. 95.79% of the stock is owned by 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.