Tom Clapprood Sells 3,035 Shares of TTM Technologies (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI) insider Tom Clapprood sold 3,035 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total value of $636,743.00. Following the completion of the transaction, the insider directly owned 20,199 shares in the company, valued at approximately $4,237,750.20. This trade represents a 13.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

TTM Technologies Stock Down 9.1%

Shares of TTMI opened at $191.49 on Friday. The firm has a market cap of $19.89 billion, a P/E ratio of 103.51 and a beta of 2.09. TTM Technologies, Inc. has a 12-month low of $39.20 and a 12-month high of $223.83. The company’s 50-day moving average price is $172.62 and its 200 day moving average price is $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 (NASDAQ:TTMI) last posted its earnings results on Wednesday, April 29th. The technology company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The company had revenue of $845.98 million for the quarter, compared to analysts’ expectations of $789.84 million. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. TTM Technologies’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.50 earnings per share. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. On average, sell-side analysts forecast that TTM Technologies, Inc. will post 3.7 earnings per share for the current year.

Institutional Investors Weigh In On TTM Technologies

Hedge funds have recently bought and sold shares of the stock. Optiver Holding B.V. boosted its stake in shares of TTM Technologies by 66.4% in the 3rd quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock valued at $25,000 after buying an additional 170 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of TTM Technologies during the fourth quarter worth approximately $30,000. Truvestments Capital LLC acquired a new stake in TTM Technologies in the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. acquired a new stake in TTM Technologies in the fourth quarter valued at approximately $32,000. Finally, Parallel Advisors LLC lifted its stake 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 acquiring an additional 87 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

TTM Technologies News Roundup

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

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. B. Riley Financial lifted their target price on shares of TTM Technologies from $182.00 to $208.00 and gave the company 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. Wall Street Zen cut TTM Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Truist Financial lifted their price objective on TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. 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, the company currently has an average rating of “Buy” and an average target price of $212.00.

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.