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SANTA ANA, CA—Dale Martin Knecht, the Senior Vice President of Information Technology at TTM Technologies Inc. (NASDAQ:TTMI), a $3.38 billion market cap company with a GOOD financial health score according to InvestingPro, recently executed a sale of company stock, according to a filing with the Securities and Exchange Commission. On June 5, Knecht sold 1,140 shares of common stock at a price of $34 per share, amounting to a total transaction value of $38,760. This sale was conducted under a pre-arranged 10b5-1 Sales Plan. Following this transaction, Knecht holds 75,206 shares of TTM Technologies. The stock has shown remarkable strength, gaining 79.47% over the past year and currently trading near its 52-week high, though InvestingPro analysis indicates the stock may be in overbought territory. For deeper insights into insider trading patterns and 15+ additional ProTips, explore TTM Technologies’ comprehensive Pro Research Report on InvestingPro.
In other recent news, TTM Technologies reported a strong performance in the first quarter of 2025, with revenues reaching $648.7 million, surpassing the anticipated $621.94 million. The company’s earnings per share (EPS) also exceeded expectations, coming in at $0.50 compared to the forecasted $0.39. Needham has responded to this robust performance by raising its price target for TTM Technologies to $35 while maintaining a Buy rating, citing strong demand in the Aerospace & Defense and Data Center Computing sectors. Additionally, TTM Technologies announced a $100 million stock buyback program, highlighting its strategic financial management and robust cash flow. This initiative provides the company with flexibility alongside its focus on strategic acquisitions. In another development, Kent Alder, the founder of TTM Technologies, has retired from the company’s board, marking the end of an era for the company. TTM Technologies’ outlook remains positive, with expected second-quarter revenue growth of 11% year-over-year, surpassing the consensus forecast. The company continues to make progress with its new facilities in Malaysia and New York, which are on track to meet operational targets.
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