TTM Technologies, Inc. (NASDAQ:TTMI) SVP Dale Martin Knecht Sells 3,848 Shares

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

TTM Technologies Stock Performance

NASDAQ TTMI opened at $25.36 on Friday. TTM Technologies, Inc. has a 1-year low of $13.43 and a 1-year high of $30.41. The company has a market capitalization of $2.59 billion, a P/E ratio of 46.96 and a beta of 1.19. The business has a 50 day moving average price of $25.33 and a 200 day moving average price of $22.28. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. Sell-side analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Needham & Company LLC increased their target price on TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Stifel Nicolaus began coverage on TTM Technologies in a research note on Tuesday, February 11th. They issued a “buy” rating and a $33.00 price objective for the company.

Hedge Funds Weigh In On TTM Technologies

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC increased its position in TTM Technologies by 75.6% during the third quarter. Jane Street Group LLC now owns 231,208 shares of the technology company’s stock worth $4,220,000 after buying an additional 99,512 shares in the last quarter. Natixis Advisors LLC increased its position in TTM Technologies by 131.7% during the third quarter. Natixis Advisors LLC now owns 80,631 shares of the technology company’s stock worth $1,471,000 after buying an additional 45,835 shares in the last quarter. Quantbot Technologies LP purchased a new position in TTM Technologies during the third quarter worth $847,000. Geode Capital Management LLC increased its position in TTM Technologies by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company’s stock worth $44,491,000 after buying an additional 30,738 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its position in TTM Technologies by 26.4% during the third quarter. Mutual of America Capital Management LLC now owns 231,281 shares of the technology company’s stock worth $4,221,000 after buying an additional 48,346 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s 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.