TTM Technologies, Inc. (NASDAQ:TTMI – Get Free Report) SVP Dale Martin Knecht sold 2,014 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total transaction of $420,805.16. Following the transaction, the senior vice president owned 66,336 shares of the company’s stock, valued at $13,860,243.84. This represents a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Dale Martin Knecht also recently made the following trade(s):
- On Tuesday, June 23rd, Dale Martin Knecht sold 6,754 shares of TTM Technologies stock. The shares were sold at an average price of $209.79, for a total transaction of $1,416,921.66.
TTM Technologies Stock Down 3.9%
TTMI stock opened at $179.70 on Thursday. The stock has a market capitalization of $18.66 billion, a P/E ratio of 97.14 and a beta of 2.09. The firm has a 50-day simple moving average of $176.32 and a 200-day simple moving average of $122.65. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 0.50. TTM Technologies, Inc. has a 52 week low of $39.20 and a 52 week high of $223.83.
Trending Headlines about TTM Technologies
Here are the key news stories impacting TTM Technologies this week:
- Positive Sentiment: Zacks recently highlighted TTMI as a top growth stock and added it to its Strong Buy/momentum lists, reinforcing bullish sentiment around the company’s earnings outlook and price momentum. Why TTM Technologies (TTMI) is a Top Growth Stock for the Long-Term
- Positive Sentiment: The company is benefiting from strong prior-quarter results and upbeat analyst targets, with recent reports noting earnings and revenue beat estimates and multiple firms maintaining Buy ratings. TTM Technologies stock page
- Positive Sentiment: Tradr announced leveraged ETFs tied to TTM Technologies, which may increase trading interest and improve visibility among active investors. Tradr Introduces Leveraged ETFs on Ciena, Quantinuum, Rambus, Tower Semiconductor and TTM Technologies
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on TTMI. Truist Financial lifted their price target on TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Stifel Nicolaus raised their price objective on TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Needham & Company LLC lifted their target price on shares of TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. B. Riley Financial upped their target price on shares of TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday, May 18th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $212.00.
View Our Latest Analysis on TTMI
Institutional Investors Weigh In On TTM Technologies
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC lifted its position in TTM Technologies by 36.2% during the first quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock worth $32,000 after buying an additional 87 shares in the last quarter. Signature Equity Partners LLC purchased a new stake in TTM Technologies in the 1st quarter valued at $40,000. Optiver Holding B.V. increased its stake in shares of TTM Technologies by 66.4% in the 3rd quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock worth $25,000 after acquiring an additional 170 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of TTM Technologies during the 4th quarter worth $30,000. Finally, Truvestments Capital LLC purchased a new position in shares of TTM Technologies during the 4th quarter worth $30,000. Institutional investors and hedge funds own 95.79% of the company’s stock.
TTM Technologies Company Profile
TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.
Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.
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