Catherine Gridley Sells 8,966 Shares of TTM Technologies (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Catherine Gridley sold 8,966 shares of TTM Technologies 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 $1,881,066.80. Following the sale, the executive vice president directly owned 69,679 shares in the company, valued at $14,618,654.20. This trade represents a 11.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

TTM Technologies Price Performance

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

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, April 29th. The technology company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The firm 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%. The company’s revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 earnings per share. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. Research analysts predict that TTM Technologies, Inc. will post 3.7 earnings per share for the current fiscal year.

Key Stories 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 Trading of TTM Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings 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 buying an additional 87 shares during the last quarter. Signature Equity Partners LLC acquired a new position in shares of TTM Technologies during the first quarter valued at about $40,000. Optiver Holding B.V. increased its position in shares of TTM Technologies by 66.4% during the third quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock worth $25,000 after acquiring an additional 170 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of TTM Technologies during the fourth quarter worth about $30,000. Finally, Truvestments Capital LLC acquired a new stake in shares of TTM Technologies in the 4th quarter worth about $30,000. 95.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on TTMI shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday, May 18th. B. Riley Financial raised their price objective 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. Truist Financial lifted their target price on shares of TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Wall Street Zen downgraded shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Stifel Nicolaus upped their price target on TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. Based on data from MarketBeat, TTM Technologies presently has a consensus rating of “Buy” and an average price target 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.