TTM Technologies (NASDAQ:TTMI) SVP Sells $3,720,116.00 in Stock

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

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 stock was 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 shares were sold at an average price of $209.79, for a total value of $1,416,921.66.

TTM Technologies Stock Down 2.3%

Shares of TTMI stock traded down $3.21 during trading hours on Monday, reaching $134.00. 2,395,893 shares of the stock were exchanged, compared to its average volume of 2,637,490. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.78 and a quick ratio of 1.54. TTM Technologies, Inc. has a 12-month low of $39.20 and a 12-month 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 business’s fifty day moving average is $161.95 and its two-hundred day moving average is $134.02.

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

Hedge Funds Weigh In On TTM Technologies

Several institutional investors and hedge funds have recently bought and sold shares of TTMI. Rokos Capital Management LLP bought a new position in TTM Technologies during the first quarter worth about $13,031,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in TTM Technologies by 97.8% in the first 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 buying an additional 97,799 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of TTM Technologies in the fourth quarter valued at approximately $668,000. Geode Capital Management LLC lifted its position in shares of TTM Technologies by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 2,667,956 shares of the technology company’s stock valued at $184,119,000 after buying an additional 81,588 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of TTM Technologies during the 1st quarter worth approximately $36,130,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Needham & Company LLC increased their price objective on shares of TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Truist Financial raised their price objective on shares of TTM Technologies from $215.00 to $224.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Research cut TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Wall Street Zen upgraded TTM Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings upgraded shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $214.25.

About TTM Technologies

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.