TTM Technologies (NASDAQ:TTMI) Trading Down 8.8% – Time to Sell?

TTM Technologies, Inc. (NASDAQ:TTMI)’s stock price traded down 8.8% during trading on Thursday . The company traded as low as $166.00 and last traded at $163.8270. 434,746 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 2,554,880 shares. The stock had previously closed at $179.70.

Wall Street Analyst Weigh In

Several research firms have issued reports on TTMI. Weiss Ratings restated a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday, May 18th. Zacks Research downgraded TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday. B. Riley Financial increased their target price on TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Truist Financial raised their price target on TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Stifel Nicolaus lifted their price target on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, TTM Technologies presently has an average rating of “Moderate Buy” and an average target price of $212.00.

TTM Technologies Stock Performance

The business’s fifty day simple moving average is $176.32 and its 200-day simple moving average is $122.65. The firm has a market cap of $16.14 billion, a P/E ratio of 84.34 and a beta of 2.09. 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 (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 firm had revenue of $845.98 million during the quarter, compared to the consensus estimate of $789.84 million. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 earnings per share. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. As a group, sell-side analysts expect that TTM Technologies, Inc. will post 3.7 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Shawn A. Powers sold 3,367 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total transaction of $703,500.98. Following the completion of the transaction, the executive vice president owned 120,801 shares in the company, valued at $25,240,160.94. This represents a 2.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel J. Weber sold 2,915 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total value of $609,060.10. Following the completion of the sale, the executive vice president directly owned 88,250 shares of the company’s stock, valued at $18,438,955. The trade was a 3.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 82,043 shares of company stock worth $17,191,859. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC purchased a new stake in shares of TTM Technologies in the 4th quarter worth about $30,000. Truvestments Capital LLC bought a new position in TTM Technologies in the fourth quarter worth about $30,000. Rakuten Securities Inc. bought a new position in TTM Technologies in the fourth quarter worth about $32,000. Parallel Advisors LLC lifted its holdings 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 buying an additional 87 shares during the period. Finally, Wolff Wiese Magana LLC purchased a new stake in TTM Technologies in the fourth quarter worth about $34,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

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.