James Walsh Sells 2,916 Shares of TTM Technologies (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI) COO James Walsh sold 2,916 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total transaction of $611,776.80. Following the completion of the transaction, the chief operating officer owned 30,633 shares of the company’s stock, valued at $6,426,803.40. The trade was a 8.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

TTM Technologies Stock Performance

NASDAQ TTMI opened at $191.49 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $19.89 billion, a price-to-earnings ratio of 103.51 and a beta of 2.09. The firm’s 50 day simple moving average is $172.62 and its 200 day simple moving average is $120.09. TTM Technologies, Inc. has a 1 year low of $39.20 and a 1 year high of $223.83.

TTM Technologies (NASDAQ:TTMI) last announced 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 business 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 revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 earnings per share. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. As a group, research analysts expect that TTM Technologies, Inc. will post 3.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Needham & Company LLC raised their price objective 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 research note on Friday, May 29th. Stifel Nicolaus increased their target price on shares of TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Weiss Ratings restated a “buy (b-)” rating on shares of TTM Technologies in a research note on Monday, May 18th. Finally, Wall Street Zen lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. One equities research 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.com, the stock has an average rating of “Buy” and an average target price of $212.00.

Key Headlines Impacting 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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in TTM Technologies during the 4th quarter worth approximately $668,000. Geode Capital Management LLC increased its position in TTM Technologies by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 2,667,956 shares of the technology company’s stock valued at $184,119,000 after acquiring an additional 81,588 shares during the period. Wealth High Governance Capital Ltda increased its position in TTM Technologies by 408.6% in the 4th quarter. Wealth High Governance Capital Ltda now owns 183,079 shares of the technology company’s stock valued at $12,632,000 after acquiring an additional 147,079 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of TTM Technologies by 338.6% during the third quarter. PNC Financial Services Group Inc. now owns 12,777 shares of the technology company’s stock valued at $736,000 after acquiring an additional 9,864 shares during the last quarter. Finally, Royce & Associates LP raised its stake in shares of TTM Technologies by 103.5% during the fourth quarter. Royce & Associates LP now owns 269,046 shares of the technology company’s stock valued at $18,564,000 after acquiring an additional 136,845 shares during the last quarter. Institutional investors own 95.79% of the company’s stock.

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.