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 TTM Technologies stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.01, for a total transaction of $100,086.48. Following the completion of the sale, the senior vice president now directly owns 86,346 shares in the company, valued at approximately $2,245,859.46. The trade was a 4.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

TTM Technologies Stock Down 0.1 %

NASDAQ TTMI traded down $0.03 during trading hours on Friday, reaching $25.99. 122,255 shares of the company traded hands, compared to its average volume of 742,820. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $30.41. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $2.65 billion, a PE ratio of 48.14 and a beta of 1.19. The company has a 50 day moving average of $25.33 and a two-hundred day moving average of $22.20.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, beating 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, equities analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Institutional Trading of TTM Technologies

A number of institutional investors and hedge funds have recently modified their holdings of TTMI. Creative Planning increased its stake in TTM Technologies by 20.1% during the 3rd quarter. Creative Planning now owns 20,409 shares of the technology company’s stock valued at $372,000 after buying an additional 3,420 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of TTM Technologies by 5.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,394 shares of the technology company’s stock worth $244,000 after buying an additional 659 shares during the period. Emerald Mutual Fund Advisers Trust acquired a new position in shares of TTM Technologies in the third quarter worth about $10,120,000. Emerald Advisers LLC acquired a new position in shares of TTM Technologies in the third quarter worth about $13,693,000. Finally, Covestor Ltd boosted its holdings in shares of TTM Technologies by 3,220.3% in the third quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock worth $36,000 after buying an additional 1,900 shares during the period. 95.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TTMI has been the subject of a number of analyst reports. Needham & Company LLC boosted their price objective on shares of TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Stifel Nicolaus initiated coverage on shares of TTM Technologies in a research note on Tuesday, February 11th. They set a “buy” rating and a $33.00 price objective for the company.

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.