TTM Technologies (NASDAQ:TTMI) EVP Sells 3,367 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Shawn Powers sold 3,367 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total value of $703,500.98. Following the sale, the executive vice president owned 120,801 shares of the company’s stock, valued at approximately $25,240,160.94. This represents a 2.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

TTM Technologies Stock Down 3.2%

NASDAQ TTMI traded down $6.12 on Monday, reaching $185.37. The stock had a trading volume of 2,642,340 shares, compared to its average volume of 2,561,977. The company has a market capitalization of $19.25 billion, a price-to-earnings ratio of 100.40 and a beta of 2.10. The business has a 50 day moving average price of $172.62 and a 200 day moving average price of $120.41. TTM Technologies, Inc. has a 1 year low of $39.20 and a 1 year high of $223.83. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 0.50.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $845.98 million for the quarter, compared to the consensus estimate of $789.84 million. TTM Technologies had a return on equity of 13.70% and a net margin of 6.29%.The firm’s revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 earnings per share. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. On average, analysts forecast that TTM Technologies, Inc. will post 3.7 EPS for the current fiscal year.

Institutional Trading of TTM Technologies

Hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. bought a new stake in shares of TTM Technologies during the first quarter valued at approximately $1,722,000. Parallel Advisors LLC lifted its position in TTM Technologies by 36.2% in the first quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock worth $32,000 after purchasing an additional 87 shares during the period. NewEdge Advisors LLC boosted its stake in TTM Technologies by 385.0% during the first quarter. NewEdge Advisors LLC now owns 12,581 shares of the technology company’s stock worth $1,226,000 after buying an additional 9,987 shares in the last quarter. Optiver Holding B.V. boosted its position in shares of TTM Technologies by 168.7% during the 1st quarter. Optiver Holding B.V. now owns 532 shares of the technology company’s stock valued at $52,000 after acquiring an additional 334 shares in the last quarter. Finally, Montchanin Asset Management LLC bought a new stake in shares of TTM Technologies in the 1st quarter valued at approximately $201,000. Institutional investors own 95.79% of the company’s stock.

Analysts Set New Price Targets

TTMI has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday, May 18th. Stifel Nicolaus increased their price objective on TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Needham & Company LLC raised their price objective on shares of TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Finally, Truist Financial upped their target price on shares of TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $212.00.

About TTM Technologies

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.