Anyone interested in TTM Technologies, Inc. (NASDAQ:TTMI) should probably be aware that the Senior Vice President of Global Information Technology, Dale Knecht, recently divested US$348k worth of shares in the company, at an average price of US$17.40 each. That sale was 20% of their holding, so it does make us raise an eyebrow.
The Last 12 Months Of Insider Transactions At TTM Technologies
In the last twelve months, the biggest single sale by an insider was when the insider, Anthony Sandeen, sold US$415k worth of shares at a price of US$17.53 per share. That means that an insider was selling shares at around the current price of US$17.25. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
TTM Technologies insiders didn't buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
I will like TTM Technologies better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. TTM Technologies insiders own about US$34m worth of shares. That equates to 1.9% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At TTM Technologies Tell Us?
Insiders haven't bought TTM Technologies stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. While insiders do own shares, they don't own a heap, and they have been selling. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing TTM Technologies. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of TTM Technologies.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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