TTM Technologies (NASDAQ:TTMI) SVP Sells 26,198 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMI) SVP Dale Martin Knecht sold 26,198 shares of TTM Technologies stock in a transaction on Monday, August 10th. The stock was sold at an average price of $142.00, for a total transaction of $3,720,116.00. Following the transaction, the senior vice president directly owned 40,138 shares of the company’s stock, valued at approximately $5,699,596. This trade represents a 39.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, June 25th, Dale Martin Knecht sold 2,014 shares of TTM Technologies stock. The shares were sold at an average price of $208.94, for a total transaction of $420,805.16.
• On Tuesday, June 23rd, Dale Martin Knecht sold 6,754 shares of TTM Technologies stock. The stock was sold at an average price of $209.79, for a total transaction of $1,416,921.66.

TTM Technologies Stock Performance

Shares of TTMI stock traded down $3.21 during midday trading on Monday, hitting $134.00. 2,395,893 shares of the company were exchanged, compared to its average volume of 2,637,490. TTM Technologies, Inc. has a 52 week low of $39.20 and a 52 week high of $223.83. The firm has a market capitalization of $14.12 billion, a P/E ratio of 60.43 and a beta of 2.15. The firm’s 50 day moving average price is $161.95 and its two-hundred day moving average price is $134.02. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.54 and a current ratio of 1.78.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.10. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $962.04 million. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. The business’s revenue was up 37.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 EPS. As a group, equities research analysts anticipate that TTM Technologies, Inc. will post 3.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TTMI shares. Wall Street Zen raised TTM Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Truist Financial increased their price objective on TTM Technologies from $215.00 to $224.00 and gave the stock a “buy” rating in a research report on Thursday. Needham & Company LLC lifted their target price on TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. B. Riley Financial boosted their target price on shares of TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Finally, Stifel Nicolaus upped their price target on shares of TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, TTM Technologies has an average rating of “Moderate Buy” and a consensus price target of $214.25.

Institutional Investors Weigh In On TTM Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rokos Capital Management LLP bought a new position in TTM Technologies during the 1st quarter worth $13,031,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of TTM Technologies by 97.8% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 197,799 shares of the technology company’s stock valued at $19,270,000 after acquiring an additional 97,799 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of TTM Technologies during the 4th quarter valued at $668,000. Geode Capital Management LLC grew its holdings in shares of TTM Technologies by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 2,667,956 shares of the technology company’s stock worth $184,119,000 after purchasing an additional 81,588 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in TTM Technologies in the first quarter valued at about $36,130,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

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.