TTM Technologies (NASDAQ:TTMI) SVP Sells $1,416,921.66 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) SVP Dale Martin Knecht sold 6,754 shares of TTM Technologies stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $209.79, for a total value of $1,416,921.66. Following the completion of the transaction, the senior vice president owned 68,350 shares of the company’s stock, valued at approximately $14,339,146.50. This represents a 8.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

TTM Technologies Stock Performance

NASDAQ TTMI opened at $191.49 on Friday. The stock has a market capitalization of $19.89 billion, a price-to-earnings ratio of 103.51 and a beta of 2.09. The stock has a 50-day moving average of $172.62 and a 200 day moving average of $120.09. 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, Inc. has a twelve month low of $39.20 and a twelve month high of $223.83.

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

Institutional Investors Weigh In On TTM Technologies

Large investors have recently made changes to their positions in the stock. Polar Capital Holdings Plc acquired a new stake in shares of TTM Technologies in the third quarter valued at approximately $176,376,000. Invesco Ltd. lifted its position in TTM Technologies by 127.7% during the third quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock worth $277,281,000 after buying an additional 2,699,494 shares in the last quarter. Whale Rock Capital Management LLC boosted its stake in TTM Technologies by 112.1% during the fourth quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company’s stock worth $295,066,000 after buying an additional 2,260,035 shares during the last quarter. Castle Hook Partners LP acquired a new position in TTM Technologies during the fourth quarter worth $133,351,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of TTM Technologies by 575.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,831,425 shares of the technology company’s stock worth $105,490,000 after acquiring an additional 1,560,394 shares during the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TTMI has been the subject of a number of research analyst reports. B. Riley Financial upped their price objective on shares of TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Zacks Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Truist Financial boosted their target price on shares of TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Stifel Nicolaus upped their price target on shares of TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen cut TTM Technologies from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $212.00.

TTM Technologies News Summary

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

• Positive Sentiment: TTM Technologies will join the Russell 1000 Index on June 26 after moving up from the Russell 2000. Index inclusion can lift demand from passive funds and increase institutional visibility. Russell 1000 Index inclusion announcement
• Positive Sentiment: The company’s recent results were strong, with revenue and earnings beating expectations and sales up sharply year over year, supporting the longer-term bullish case for TTMI.
• Neutral Sentiment: TTM also announced a European expansion deal and a new credit agreement earlier this month, which could support growth but also adds execution and financing considerations.
• Negative Sentiment: Multiple insiders, including the COO, CFO, and several EVPs, sold shares near recent highs. The broad insider selling is likely weighing on sentiment and may be reinforcing concerns that the stock had gotten ahead of itself after its rally. Insider sale SEC filing

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.