Insider Selling: TTM Technologies, Inc. (NASDAQ:TTMI) SVP Sells $100,086.48 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) SVP Dale Martin Knecht sold 3,848 shares of TTM Technologies stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $26.01, for a total transaction of $100,086.48. Following the sale, the senior vice president now directly owns 86,346 shares in the company, valued at $2,245,859.46. This trade represents a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

TTM Technologies Trading Down 2.5 %

TTMI opened at $25.36 on Monday. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $30.41. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 46.96 and a beta of 1.19. The company’s 50 day moving average price is $25.33 and its two-hundred day moving average price is $22.31.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. As a group, research analysts predict that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Institutional Investors Weigh In On TTM Technologies

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its stake in shares of TTM Technologies by 75.6% in the 3rd quarter. Jane Street Group LLC now owns 231,208 shares of the technology company’s stock valued at $4,220,000 after purchasing an additional 99,512 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of TTM Technologies by 131.7% in the 3rd quarter. Natixis Advisors LLC now owns 80,631 shares of the technology company’s stock valued at $1,471,000 after purchasing an additional 45,835 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of TTM Technologies in the 3rd quarter valued at $847,000. Geode Capital Management LLC boosted its stake in shares of TTM Technologies by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company’s stock valued at $44,491,000 after purchasing an additional 30,738 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of TTM Technologies by 26.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 231,281 shares of the technology company’s stock valued at $4,221,000 after purchasing an additional 48,346 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Needham & Company LLC lifted their price target on shares of TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Stifel Nicolaus assumed coverage on shares of TTM Technologies in a report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price target on the stock.

About TTM Technologies

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.