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

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) SVP Dale Martin Knecht sold 3,848 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.01, for a total value of $100,086.48. Following the completion of the sale, the senior vice president now owns 86,346 shares of the company's stock, valued at $2,245,859.46. The trade was a 4.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

TTM Technologies Stock Down 1.6 %

Shares of NASDAQ TTMI traded down $0.39 during mid-day trading on Tuesday, reaching $24.24. The company had a trading volume of 982,407 shares, compared to its average volume of 759,233. The stock has a market capitalization of $2.47 billion, a PE ratio of 44.89 and a beta of 1.19. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month high of $30.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99. The stock's 50 day moving average is $25.29 and its 200-day moving average is $22.36.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly earnings results 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%. As a group, equities analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

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Institutional Trading of TTM Technologies

A number of institutional investors have recently added to or reduced their stakes in TTMI. Creative Planning raised its holdings in shares of 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 purchasing an additional 3,420 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in TTM Technologies by 5.2% during 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 last quarter. Emerald Mutual Fund Advisers Trust bought a new position in TTM Technologies during the third quarter valued at about $10,120,000. Emerald Advisers LLC bought a new stake in shares of TTM Technologies during the 3rd quarter worth about $13,693,000. Finally, Covestor Ltd increased its holdings in shares of TTM Technologies by 3,220.3% during the 3rd quarter. Covestor Ltd now owns 1,959 shares of the technology company's stock valued at $36,000 after acquiring an additional 1,900 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TTMI. Needham & Company LLC increased their price objective 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 report on Tuesday, February 11th. They issued a "buy" rating and a $33.00 target price on the 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.