Daniel Boehle Sells 6,341 Shares of TTM Technologies (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI) CFO Daniel Boehle sold 6,341 shares of TTM Technologies stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $209.79, for a total value of $1,330,278.39. Following the sale, the chief financial officer directly owned 72,922 shares of the company’s stock, valued at approximately $15,298,306.38. This trade represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

TTM Technologies Price Performance

Shares of TTMI opened at $191.49 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.88. The company has a 50 day moving average price of $172.62 and a 200-day moving average price of $120.09. TTM Technologies, Inc. has a fifty-two week low of $39.20 and a fifty-two week high of $223.83. The stock has a market capitalization of $19.89 billion, a PE ratio of 103.51 and a beta of 2.09.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on TTMI. Stifel Nicolaus raised their target price on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Needham & Company LLC boosted their price target on TTM Technologies from $208.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Truist Financial raised their price objective on TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen downgraded TTM Technologies from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $212.00.

Trending Headlines about TTM Technologies

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

Institutional Investors Weigh In On TTM Technologies

Several hedge funds have recently modified their holdings of TTMI. Optiver Holding B.V. grew its holdings in TTM Technologies by 66.4% in the third quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock valued at $25,000 after purchasing an additional 170 shares during the period. Kestra Advisory Services LLC acquired a new stake in TTM Technologies in the 4th quarter valued at about $30,000. Truvestments Capital LLC purchased a new position in TTM Technologies during the fourth quarter worth approximately $30,000. Rakuten Securities Inc. acquired a new stake in shares of TTM Technologies in the 4th quarter worth $32,000. Finally, Parallel Advisors LLC increased its position in TTM Technologies by 36.2% during 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 last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

TTM Technologies Company Profile

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.