How are energy investors positioned?
Dale Martin Knecht, the Senior Vice President of Information Technology at TTM Technologies Inc. (NASDAQ:TTMI), recently executed a sale of company shares. The transaction comes as TTMI trades near its 52-week high of $35.79, having delivered an impressive 92.6% return over the past year. On June 9, 2025, Knecht sold 7,662 shares of common stock, generating proceeds of approximately $261,738. The shares were sold at a weighted average price of $34.16 per share, with individual transaction prices ranging from $34.00 to $34.46. Following this transaction, Knecht retains ownership of 67,544 shares. According to InvestingPro analysis, TTMI currently trades at a relatively high P/E ratio of 46.4, suggesting premium market valuation for this $3.6 billion market cap company. The sale was conducted under a 10b5-1 Sales Plan, which allows insiders to set up a predetermined plan to sell stock, helping to avoid concerns about insider trading. For deeper insights into insider transactions and comprehensive analysis, InvestingPro offers detailed insider trading patterns and 15+ additional key insights for TTMI.
In other recent news, TTM Technologies has reported strong first-quarter results for 2025, exceeding analysts’ expectations. The company achieved earnings per share (EPS) of $0.50, surpassing the forecasted $0.39, and reported revenue of $648.7 million, which was higher than the anticipated $621.94 million. This performance was driven by growth in the Aerospace & Defense and Data Center Computing sectors. Additionally, TTM Technologies has announced a $100 million stock buyback program, highlighting its robust cash flow and strong balance sheet as part of its broader financial strategy.
In related developments, Truist Securities has raised its price target for TTM Technologies from $36 to $41, maintaining a Buy rating due to the firm’s positive outlook on the company’s growth prospects. Similarly, Needham has increased its price target to $35 from $33, also reiterating a Buy rating, following TTM’s impressive performance. The company has also seen a significant leadership change with the retirement of its founder, Kent Alder, from the board. This transition marks the end of an era for TTM Technologies, as the company continues to honor Alder’s legacy through its internal Alder Award for outstanding performance.
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