TTM Technologies, Inc. (NASDAQ:TTMI) SVP Dale Martin Knecht Sells 20,000 Shares

TTM Technologies, Inc. (NASDAQ:TTMI) SVP Dale Martin Knecht sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $17.40, for a total transaction of $348,000.00. Following the completion of the transaction, the senior vice president now directly owns 81,392 shares of the company’s stock, valued at approximately $1,416,220.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Friday, May 10th, Dale Martin Knecht sold 7,029 shares of TTM Technologies stock. The stock was sold at an average price of $18.14, for a total transaction of $127,506.06.

TTM Technologies Stock Up 0.5 %

TTM Technologies stock traded up $0.09 during mid-day trading on Tuesday, reaching $17.87. The stock had a trading volume of 1,284,245 shares, compared to its average volume of 777,000. TTM Technologies, Inc. has a one year low of $11.14 and a one year high of $22.70. The company has a 50-day moving average price of $19.70 and a two-hundred day moving average price of $16.94. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of -888.56 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.04 and a quick ratio of 1.77.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, July 31st. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. TTM Technologies had a net margin of 0.74% and a return on equity of 9.01%. The firm had revenue of $605.10 million for the quarter, compared to the consensus estimate of $582.70 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The business’s revenue was up 10.7% on a year-over-year basis. On average, analysts expect that TTM Technologies, Inc. will post 1.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. CWM LLC increased its holdings in TTM Technologies by 202.6% during the second quarter. CWM LLC now owns 1,858 shares of the technology company’s stock valued at $36,000 after buying an additional 1,244 shares during the last quarter. Headlands Technologies LLC bought a new stake in TTM Technologies in the 1st quarter valued at $37,000. Innealta Capital LLC purchased a new stake in shares of TTM Technologies in the second quarter worth about $64,000. EntryPoint Capital LLC boosted its position in shares of TTM Technologies by 108.1% during the 1st quarter. EntryPoint Capital LLC now owns 6,264 shares of the technology company’s stock valued at $98,000 after acquiring an additional 3,254 shares during the last quarter. Finally, Versor Investments LP bought a new position in TTM Technologies during the fourth quarter valued at $236,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analyst Upgrades and Downgrades

TTMI has been the subject of a number of research reports. Stifel Nicolaus upped their price objective on TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. B. Riley lifted their price target on TTM Technologies from $25.50 to $27.25 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Truist Financial reaffirmed a “buy” rating and issued a $24.00 target price (up from $22.00) on shares of TTM Technologies in a research note on Thursday, August 1st. Finally, Needham & Company LLC increased their price target on shares of TTM Technologies from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $24.31.

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.