TTM Technologies (NASDAQ:TTMI) Shares Gap Down – Time to Sell?

TTM Technologies, Inc. (NASDAQ:TTMI) gapped down before the market opened on Thursday. The stock had previously closed at $102.15, but opened at $83.75. TTM Technologies shares last traded at $77.9830, with a volume of 2,872,950 shares.

Key Headlines Impacting TTM Technologies

Here are the key news stories impacting TTM Technologies this week:

• Positive Sentiment: Record results exceeded expectations. Third-quarter revenue rose 59.9% year over year to $1.20 billion, while non-GAAP EPS of $1.46 topped the $1.25 consensus. Adjusted EBITDA reached a record $242.3 million, with the margin expanding to 20.1%. AI-driven data-center demand and aerospace and defense spending were key growth drivers. TTMI Q3 Earnings & Revenues Surpass Estimates, Both Surge Year over Year
• Positive Sentiment: Management raised its outlook. TTM now expects 2026 revenue of $4.47 billion to $4.49 billion and non-GAAP EPS of $4.97 to $5.03, above consensus. Fourth-quarter EPS guidance of $1.77 to $1.83 also exceeds estimates, while preliminary 2027 guidance calls for $6.5 billion to $6.75 billion in revenue and $8.10 to $8.90 in EPS. TTM Technologies Reports Third Quarter 2026 Results
• Neutral Sentiment: Growth visibility is improving, but execution remains important. Data Center and Networking accounted for 41% of sales, total book-to-bill was 2.13, and aerospace and defense backlog reached $2 billion. However, planned acquisitions—including the $650 million Ophir Optics deal—will require additional borrowing and are not included in current guidance. TTM Technologies Reports Record Sales and Raises Outlook
• Negative Sentiment: Debt and operational risks are weighing on the shares. Investors focused on higher financing costs and leverage following recent acquisitions, as well as reports of material wait times of up to 24 weeks and delays affecting data-center programs. Needham and Stifel lowered their price targets despite retaining favorable ratings. Why Is TTM Technologies Stock Gaining Friday?
• Negative Sentiment: Potential litigation adds uncertainty. Several law firms announced investigations into possible securities-law violations following the post-earnings selloff. These notices are allegations, not established findings, but they may increase headline and legal risk for investors. TTM Technologies Investigation Notice

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Weiss Ratings lowered shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Zacks Research downgraded TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Truist Financial dropped their price target on shares of TTM Technologies from $231.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday. Needham & Company LLC dropped their target price on shares of TTM Technologies from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Friday. Finally, Wall Street Zen upgraded shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $173.25.

TTM Technologies Trading Up 8.4%

The firm’s 50 day moving average is $117.07 and its 200 day moving average is $141.70. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.67 and a quick ratio of 1.54. The company has a market cap of $8.44 billion, a PE ratio of 31.92 and a beta of 2.14.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Thursday, October 22nd. The technology company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.21. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.13 billion. TTM Technologies had a net margin of 7.01% and a return on equity of 19.19%. The business’s quarterly revenue was up 59.9% on a year-over-year basis. During the same period last year, the business earned $0.50 earnings per share. On average, equities analysts anticipate that TTM Technologies, Inc. will post 4.22 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Edwin Roks purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were acquired at an average price of $111.77 per share, for a total transaction of $1,117,700.00. Following the completion of the acquisition, the chief executive officer directly owned 64,814 shares in the company, valued at approximately $7,244,260.78. The trade was a 18.24% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Dale Knecht sold 26,198 shares of TTM Technologies stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $142.00, for a total transaction of $3,720,116.00. Following the sale, the senior vice president directly owned 40,138 shares in the company, valued at $5,699,596. The trade was a 39.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of TTM Technologies during the second quarter valued at about $2,053,347,000. Wellington Management Group LLP increased its position in shares of TTM Technologies by 61.9% during the second quarter. Wellington Management Group LLP now owns 2,268,404 shares of the technology company’s stock worth $424,237,000 after purchasing an additional 867,255 shares in the last quarter. Atalan Capital Partners LP purchased a new position in TTM Technologies during the 2nd quarter worth $189,234,000. Bank of New York Mellon Corp acquired a new stake in TTM Technologies in the second quarter worth about $114,470,000. Finally, Palestra Capital Management LLC purchased a new position in shares of TTM Technologies in the 2nd quarter valued at approximately $105,214,000. Institutional investors own 95.79% of the company’s stock.

TTM Technologies Company Profile

TTM Technologies, Inc is a manufacturer of technology solutions and printed circuit boards (PCBs), which are used to connect and support electronic components in a wide range of products. The company produces conventional rigid PCBs as well as high-density interconnect, flexible and rigid-flex circuit boards, and other advanced circuit technologies.

TTM also provides radio-frequency and microwave/microelectronic assembly capabilities, including components and assemblies used in communications, radar and other high-frequency applications.