In a recent transaction, Tom Clapprood, President A&D Radar Systems at TTM Technologies Inc. (NASDAQ:TTMI), sold 5,000 shares of the company's common stock in the open market. The shares were sold at a weighted average price of $17.78, amounting to a total sale value of approximately $88,910.
The sale, which took place on May 7, 2024, was executed at prices ranging from $17.73 to $17.87. Following the sale, Clapprood's direct ownership in TTM Technologies Inc. stands at 47,264 shares. The details of the sale, including the price range, were disclosed in a regulatory filing with the Securities and Exchange Commission.
TTM Technologies, headquartered in Santa Ana, California, is a leading manufacturer of printed circuit boards, a crucial component in various electronic devices. The company operates within the technology sector and maintains a significant presence in the aerospace and defense industries, among others.
Investors and market watchers often pay close attention to insider transactions as they can provide insights into an executive's view of the company's current valuation and future prospects. The sale by Clapprood is the latest in a series of insider transactions at TTM Technologies, which are publicly disclosed in accordance with SEC regulations.
For those interested in the specifics of the transaction, TTM Technologies, upon request, has committed to providing full information regarding the number of shares sold at each separate price within the reported range. This commitment ensures transparency and allows for a detailed understanding of the transaction.
TTM Technologies' stock continues to be traded actively, and the company remains a key player in its industry. Investors looking to keep up with insider transactions can access this information through the SEC's EDGAR database, where filings such as these are made available to the public.
InvestingPro Insights
TTM Technologies Inc. (NASDAQ:TTMI) has recently been under the spotlight due to insider transactions, but what does the broader financial picture look like for the company? According to the latest metrics from InvestingPro, TTM Technologies holds a market capitalization of approximately $1.78 billion. Despite a challenging environment indicated by a revenue decline of 8.14% over the last twelve months as of Q1 2024, the company has managed to maintain a gross profit margin of 18.92%.
Investors considering TTM Technologies should note an InvestingPro Tip that highlights the company's liquidity strength: TTMI holds more cash than debt on its balance sheet, which is a reassuring sign of financial stability. Additionally, analysts are optimistic, predicting that net income is expected to grow this year, which could signal a turnaround from the previous year's performance.
The stock has experienced significant returns, with a 53.36% one-year price total return as of the same period, and it's trading near its 52-week high, with the price at 97.72% of this peak. These positive trends may be enticing to investors looking for growth potential. For those interested in further analysis and additional InvestingPro Tips, there are 13 more tips available, which can be accessed through the dedicated InvestingPro platform for TTM Technologies. Remember to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.