TTM Technologies, Inc. (NASDAQ:TTMI) SVP Dale Martin Knecht Sells 10,000 Shares

TTM Technologies, Inc. (NASDAQ:TTMI) SVP Dale Martin Knecht sold 10,000 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the transaction, the senior vice president now owns 76,346 shares of the company’s stock, valued at $2,253,733.92. The trade was a 11.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Thursday, February 20th, Dale Martin Knecht sold 3,848 shares of TTM Technologies stock. The stock was sold at an average price of $26.01, for a total value of $100,086.48.

TTM Technologies Trading Down 0.5%

Shares of TTMI stock opened at $29.65 on Thursday. TTM Technologies, Inc. has a 1-year low of $15.77 and a 1-year high of $30.41. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 54.91 and a beta of 1.20. The stock has a 50-day moving average of $21.55 and a 200-day moving average of $23.55.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, April 30th. The technology company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. The business had revenue of $648.67 million during the quarter, compared to the consensus estimate of $621.44 million. During the same quarter in the prior year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, equities research analysts forecast 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 buyback program 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 stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Stifel Nicolaus began coverage on TTM Technologies in a report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price target on the stock. Truist Financial reduced their target price on shares of TTM Technologies from $38.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. B. Riley upped their price target on shares of TTM Technologies from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Finally, Needham & Company LLC lifted their price target on shares of TTM Technologies from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, May 1st.

Hedge Funds Weigh In On TTM Technologies

A number of hedge funds have recently bought and sold shares of the company. USA Financial Formulas acquired a new stake in TTM Technologies during the 4th quarter worth about $25,000. Smartleaf Asset Management LLC grew its stake in 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 during the period. GAMMA Investing LLC increased its holdings in TTM Technologies by 27.7% in the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after purchasing an additional 443 shares in the last quarter. Sterling Capital Management LLC lifted 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 buying an additional 2,831 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of TTM Technologies during the 4th quarter worth approximately $83,000. Institutional investors own 95.79% of the company’s stock.

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.