Ttm Technologies SVP sells $100,101 in stock

Published 21/02/2025, 16:00
Ttm Technologies SVP sells $100,101 in stock

In a recent filing with the Securities and Exchange Commission, TTM Technologies Inc. (NASDAQ:TTMI), a $2.66 billion market cap company that has delivered an impressive 70% return over the past year, disclosed that its Senior Vice President of Information Technology, Dale Martin Knecht, sold a total of 3,848 shares of common stock. The transaction, which took place on February 20, 2025, was executed at an average price of $26.0139 per share, amounting to a total of $100,101.

Following this sale, Knecht now holds 86,346 shares of TTM Technologies. The shares were sold in the open market, with transaction prices ranging from $25.92 to $26.76.

In other recent news, TTM Technologies reported impressive fourth-quarter earnings and revenue, surpassing analyst expectations. The company posted adjusted earnings per share of $0.60, significantly higher than the consensus estimate of $0.43, and revenue reached $651 million, exceeding the forecast of $630.6 million. This performance was driven by strong demand in the Aerospace and Defense, Data Center Computing, and Networking sectors, with the latter two benefiting from growth in generative AI applications. TTM Technologies also provided optimistic guidance for the first quarter of 2025, projecting revenue between $600 million and $640 million, which is above the analyst consensus at the midpoint.

In addition, Stifel and Needham both reiterated their Buy ratings on TTM Technologies, with Stifel setting a price target of $33 and Needham increasing its target from $30 to $33. Truist Securities raised its price target to $38, maintaining a Buy rating as well. The positive outlook from these firms is based on TTM Technologies’ successful revenue diversification and strategic focus on key segments, as well as strong performance in the Aerospace and Defense business and improvements in the Commercial sector.

TTM Technologies’ strategic acquisitions have shifted a significant portion of its Aerospace and Defense business towards engineered and integrated electronics. The company also reported a 44% year-over-year increase in PCB demand within the Data Center Computing segment. Analysts from Truist Securities noted the early stages of structural improvements and projected an increase in the company’s earnings per share for 2026. These developments reflect confidence in TTM Technologies’ growth trajectory and market strategy.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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