TTM Technologies (NASDAQ:TTMI) EVP Catherine Gridley Sells 25,000 Shares

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Catherine Gridley sold 25,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $40.46, for a total transaction of $1,011,500.00. Following the transaction, the executive vice president directly owned 101,986 shares of the company’s stock, valued at approximately $4,126,353.56. This represents a 19.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

TTM Technologies Trading Up 1.8%

NASDAQ TTMI opened at $40.78 on Friday. TTM Technologies, Inc. has a 12 month low of $15.77 and a 12 month high of $51.15. The company has a 50-day moving average of $42.73 and a 200-day moving average of $30.82. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 1.72. The company has a market cap of $4.21 billion, a P/E ratio of 45.31 and a beta of 1.48.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. TTM Technologies had a net margin of 3.52% and a return on equity of 11.80%. The company had revenue of $730.62 million during the quarter, compared to the consensus estimate of $668.42 million. During the same quarter in the prior year, the company posted $0.39 EPS. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. As a group, equities analysts predict that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

TTM Technologies declared that its board has approved a share buyback plan on Friday, May 9th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 3.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Institutional Trading of TTM Technologies

Several large investors have recently bought and sold shares of TTMI. Quarry LP grew its position in TTM Technologies by 249.9% in the first quarter. Quarry LP now owns 2,110 shares of the technology company’s stock valued at $43,000 after acquiring an additional 1,507 shares in the last quarter. USA Financial Formulas grew its position in TTM Technologies by 119.1% in the first quarter. USA Financial Formulas now owns 2,237 shares of the technology company’s stock valued at $46,000 after acquiring an additional 1,216 shares in the last quarter. Concord Wealth Partners acquired a new stake in TTM Technologies in the second quarter valued at approximately $47,000. EverSource Wealth Advisors LLC grew its position in TTM Technologies by 52.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,244 shares of the technology company’s stock valued at $51,000 after acquiring an additional 430 shares in the last quarter. Finally, Sterling Capital Management LLC grew its position in TTM Technologies by 808.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company’s stock valued at $79,000 after acquiring an additional 2,831 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Truist Financial upped their price objective on shares of TTM Technologies from $41.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Wall Street Zen upgraded shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. B. Riley boosted their price objective on shares of TTM Technologies from $36.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Stifel Nicolaus boosted their price objective on shares of TTM Technologies from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $56.00 price objective on shares of TTM Technologies in a research note on Friday, August 15th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $52.25.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.