Robert Farrell Sells 3,476 Shares of TTM Technologies (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI) insider Robert Farrell sold 3,476 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $68.93, for a total value of $239,600.68. Following the completion of the sale, the insider directly owned 20,346 shares of the company’s stock, valued at approximately $1,402,449.78. This represents a 14.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

TTM Technologies Stock Performance

TTMI opened at $70.06 on Thursday. The company has a market cap of $7.24 billion, a P/E ratio of 55.60 and a beta of 1.66. The company has a quick ratio of 1.72, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The firm’s 50-day moving average price is $55.17 and its 200-day moving average price is $43.02. TTM Technologies, Inc. has a 52-week low of $15.77 and a 52-week high of $70.35.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, October 29th. The technology company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. The company had revenue of $752.74 million for the quarter, compared to the consensus estimate of $711.91 million. TTM Technologies had a net margin of 4.74% and a return on equity of 13.43%. TTM Technologies’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. As a group, equities analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Institutional Investors Weigh In On TTM Technologies

Several hedge funds have recently bought and sold shares of TTMI. Bessemer Group Inc. grew its stake in shares of TTM Technologies by 448.8% during the 3rd quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock worth $27,000 after purchasing an additional 377 shares during the period. Salomon & Ludwin LLC purchased a new stake in TTM Technologies during the third quarter worth $39,000. Federated Hermes Inc. purchased a new position in TTM Technologies in the third quarter valued at $60,000. Concord Wealth Partners acquired a new position in shares of TTM Technologies in the second quarter worth about $47,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of TTM Technologies by 52.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,244 shares of the technology company’s stock worth $51,000 after acquiring an additional 430 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Truist Financial lifted their price target on TTM Technologies from $60.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. B. Riley reaffirmed a “buy” rating on shares of TTM Technologies in a report on Thursday, October 30th. Weiss Ratings upgraded TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Stifel Nicolaus raised their price target on shares of TTM Technologies from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Wall Street Zen cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 19th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $65.00.

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.