Insider Selling: TTM Technologies, Inc. (NASDAQ:TTMI) SVP Sells $348,000.00 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) SVP Dale Martin Knecht sold 20,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $17.40, for a total transaction of $348,000.00. Following the sale, the senior vice president now owns 81,392 shares in the company, valued at $1,416,220.80. The sale was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $18.14, for a total transaction of $127,506.06.

TTM Technologies Stock Performance

Shares of NASDAQ:TTMI opened at $17.74 on Friday. The firm has a market cap of $1.81 billion, a PE ratio of -886.56 and a beta of 1.25. The firm’s 50 day simple moving average is $19.64 and its 200-day simple moving average is $16.97. TTM Technologies, Inc. has a one year low of $11.14 and a one year high of $22.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.74 and a current ratio of 2.04.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, July 31st. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. The business had revenue of $605.10 million for the quarter, compared to analyst estimates of $582.70 million. TTM Technologies had a net margin of 0.74% and a return on equity of 9.01%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company posted $0.28 earnings per share. As a group, equities analysts predict that TTM Technologies, Inc. will post 1.31 EPS for the current year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On TTM Technologies

A number of institutional investors have recently modified their holdings of TTMI. Mirae Asset Global Investments Co. Ltd. increased its position in shares of TTM Technologies by 5.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,051 shares of the technology company’s stock worth $728,000 after acquiring an additional 2,476 shares during the period. Wakefield Asset Management LLLP boosted its stake in shares of TTM Technologies by 11.1% during the fourth quarter. Wakefield Asset Management LLLP now owns 55,926 shares of the technology company’s stock valued at $884,000 after purchasing an additional 5,565 shares in the last quarter. Mutual of America Capital Management LLC increased its holdings in TTM Technologies by 16.6% during the fourth quarter. Mutual of America Capital Management LLC now owns 192,416 shares of the technology company’s stock valued at $3,042,000 after buying an additional 27,333 shares during the period. Louisiana State Employees Retirement System purchased a new position in TTM Technologies during the fourth quarter valued at approximately $809,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in TTM Technologies by 44.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,892 shares of the technology company’s stock valued at $330,000 after buying an additional 6,418 shares during the period. 95.79% of the stock is owned by hedge funds and other 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.