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

TTM Technologies, Inc. (NASDAQ:TTMI) SVP Dale Martin Knecht sold 3,848 shares of the company’s stock in a transaction dated 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 represents a 4.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

TTM Technologies Stock Down 2.5 %

Shares of NASDAQ TTMI opened at $25.36 on Friday. The stock has a market cap of $2.59 billion, a PE ratio of 46.96 and a beta of 1.19. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week high of $30.41. The business has a 50-day moving average price of $25.33 and a 200 day moving average price of $22.28.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data 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 return on equity of 9.74% and a net margin of 2.30%. Equities research analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Trading of TTM Technologies

A number of hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC lifted its position in TTM Technologies by 8.5% during the 4th quarter. Quadrant Capital Group LLC now owns 5,620 shares of the technology company’s stock worth $139,000 after acquiring an additional 442 shares during the period. GAMMA Investing LLC lifted its position in TTM Technologies by 27.7% during the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after acquiring an additional 443 shares during the period. Envestnet Asset Management Inc. lifted its position in TTM Technologies by 3.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,797 shares of the technology company’s stock worth $490,000 after acquiring an additional 602 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in TTM Technologies by 5.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,394 shares of the technology company’s stock worth $244,000 after acquiring an additional 659 shares during the period. Finally, Pictet Asset Management Holding SA lifted its position in TTM Technologies by 8.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 11,652 shares of the technology company’s stock worth $288,000 after acquiring an additional 940 shares during the period. 95.79% of the stock is owned by institutional investors and hedge funds.

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.