Key Points
- TTM Technologies SVP Dale Martin Knecht sold 26,198 shares at an average price of $142, generating $3.72 million and reducing his direct ownership by 39.49% to 40,138 shares.
- TTM reported a strong quarter, with earnings of $0.99 per share beating estimates by $0.10 and revenue rising 37.4% year over year to approximately $1 billion.
- Analysts remain broadly positive, with five Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of $214.25.
TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) SVP Dale Martin Knecht sold 26,198 shares of TTM Technologies stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $142.00, for a total transaction of $3,720,116.00. Following the completion of the sale, the senior vice president directly owned 40,138 shares of the company's stock, valued at $5,699,596. The trade was a 39.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
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 shares were sold at an average price of $208.94, for a total value of $420,805.16.
- On Tuesday, June 23rd, Dale Martin Knecht sold 6,754 shares of TTM Technologies stock. The stock was sold at an average price of $209.79, for a total value of $1,416,921.66.
TTM Technologies Price Performance
TTMI stock opened at $130.08 on Tuesday. TTM Technologies, Inc. has a 52-week low of $39.20 and a 52-week high of $223.83. The stock's fifty day simple moving average is $161.11 and its 200-day simple moving average is $134.25. The company has a quick ratio of 1.54, a current ratio of 1.78 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 58.59 and a beta of 2.14.
TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its earnings results on Thursday, August 6th. The technology company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.89 by $0.10. TTM Technologies had a return on equity of 15.67% and a net margin of 7.01%.The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $962.04 million. During the same period in the prior year, the firm posted $0.58 earnings per share. The business's quarterly revenue was up 37.4% compared to the same quarter last year. Equities research analysts expect that TTM Technologies, Inc. will post 3.63 EPS for the current year.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on TTMI shares. B. Riley Financial upped their price objective on shares of TTM Technologies from $182.00 to $208.00 and gave the company a "buy" rating in a research note on Thursday, May 28th. Wall Street Zen raised shares of TTM Technologies from a "hold" rating to a "buy" rating in a research report on Saturday. Truist Financial boosted their target price on shares of TTM Technologies from $215.00 to $224.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Weiss Ratings raised shares of TTM Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday. Finally, Needham & Company LLC increased their price target on shares of TTM Technologies from $208.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, June 18th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $214.25.
View Our Latest Stock Report on TTM Technologies
Institutional Investors Weigh In On TTM Technologies
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in shares of TTM Technologies by 66.6% in the 1st quarter. Royal Bank of Canada now owns 26,433 shares of the technology company's stock valued at $543,000 after purchasing an additional 10,565 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in TTM Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,087 shares of the technology company's stock worth $1,232,000 after purchasing an additional 2,632 shares in the last quarter. Goldman Sachs Group Inc. increased its position in TTM Technologies by 7.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company's stock worth $34,989,000 after purchasing an additional 115,766 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in TTM Technologies by 7.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,563 shares of the technology company's stock valued at $3,908,000 after buying an additional 13,691 shares during the period. Finally, Jane Street Group LLC raised its holdings in TTM Technologies by 1,150.2% in the first quarter. Jane Street Group LLC now owns 139,889 shares of the technology company's stock valued at $2,869,000 after buying an additional 128,700 shares during the period. 95.79% of the stock is currently owned by institutional investors and hedge funds.
TTM Technologies Company Profile
(
Get Free Report)
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.
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