TTM Technologies (NASDAQ:TTMI) CEO Edwin Roks Acquires 5,000 Shares of Company Stock

TTM Technologies, Inc. (NASDAQ:TTMI – Get Free Report) CEO Edwin Roks bought 5,000 shares of TTM Technologies stock in a transaction on Wednesday, October 28th. The stock was acquired at an average cost of $88.07 per share, for a total transaction of $440,350.00. Following the acquisition, the chief executive officer owned 64,483 shares in the company, valued at approximately $5,679,017.81. This represents a 8.41% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Edwin Roks also recently made the following trade(s):

  • On Tuesday, August 25th, Edwin Roks bought 10,000 shares of TTM Technologies stock. The shares were acquired at an average cost of $111.77 per share, with a total value of $1,117,700.00.

TTM Technologies Trading Up 4.6%

Shares of TTM Technologies stock opened at $90.79 on Thursday. The firm has a market capitalization of $9.56 billion, a PE ratio of 36.17 and a beta of 2.14. The company has a current ratio of 1.67, a quick ratio of 1.49 and a debt-to-equity ratio of 0.71. The firm’s 50 day moving average is $114.49 and its 200 day moving average is $127.46. TTM Technologies, Inc. has a 1 year low of $55.44 and a 1 year high of $223.83.

TTM Technologies (NASDAQ:TTMI – Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The technology company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.21. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.13 billion. TTM Technologies had a net margin of 7.01% and a return on equity of 19.19%. The firm’s quarterly revenue was up 59.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 EPS. Equities research analysts forecast that TTM Technologies, Inc. will post 4.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Harbor Investment Advisory LLC bought a new position in TTM Technologies during the 2nd quarter valued at $29,000. GoalVest Advisory LLC boosted its holdings in TTM Technologies by 456.7% during the 2nd quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock worth $31,000 after acquiring an additional 137 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in TTM Technologies during the 2nd quarter worth $47,000. Root Financial Partners LLC bought a new stake in shares of TTM Technologies in the 3rd quarter worth $31,000. Finally, Persistent Asset Partners Ltd bought a new stake in shares of TTM Technologies in the 2nd quarter worth $49,000. 95.79% of the stock is owned by institutional investors and hedge funds.

TTM Technologies News Summary

Here are the key news stories impacting TTM Technologies this week:

  • Positive Sentiment: New $100 million buyback authorized: TTM completed its prior $100 million repurchase, buying approximately 1.16 million shares at an average price of $86.31, and authorized another $100 million program running through October 2027. The new authorization may support earnings per share and signals management’s confidence in future growth. TTM Announces Completion of Existing 2025 Share Repurchase Program and Authorization of New $100 Million Program
  • Positive Sentiment: AI infrastructure exposure remains a bullish theme: Recent commentary portrays TTM’s printed circuit boards, substrates, RF products and advanced interconnects as increasingly important to AI data-center and high-performance computing infrastructure. Analysts and commentators point to additional growth from the ramp of the company’s N+M products. TTM Technologies: PCB Commodity To AI Backbone
  • Positive Sentiment: Strong operating momentum: TTM’s latest reported quarter showed revenue of approximately $1.20 billion, up nearly 60% year over year, while earnings exceeded consensus expectations. This growth supports the view that the company’s AI-related demand could remain substantial. TTMI vs. AXTI
  • Neutral Sentiment: Options activity signals interest: Traders purchased a large volume of TTMI call options, suggesting that some market participants are positioning for additional upside, though options activity does not guarantee a change in fundamentals. Stock Traders Purchase Large Volume of TTM Technologies Call Options
  • Negative Sentiment: Cash-flow and peak-cycle concerns remain: Recent analysis argues that the market is penalizing TTM for cash-flow performance and may be pricing in peak earnings. Heavy insider selling over the past six months, despite purchases by the CEO and another executive, may also weigh on sentiment. The Market Is Punishing the Cash Flow

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Needham & Company LLC cut their target price on shares of TTM Technologies from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Weiss Ratings lowered TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Wall Street Zen raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 24th. Stifel Nicolaus decreased their price target on TTM Technologies from $205.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. Finally, Zacks Research downgraded TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, TTM Technologies presently has an average rating of “Moderate Buy” and an average price target of $173.25.

Get Our Latest Stock Analysis on TTMI

TTM Technologies Company Profile

(Get Free Report)

TTM Technologies, Inc is a manufacturer of technology solutions and printed circuit boards (PCBs), which are used to connect and support electronic components in a wide range of products. The company produces conventional rigid PCBs as well as high-density interconnect, flexible and rigid-flex circuit boards, and other advanced circuit technologies.

TTM also provides radio-frequency and microwave/microelectronic assembly capabilities, including components and assemblies used in communications, radar and other high-frequency applications.

Further Reading

Insider Buying and Selling by Quarter for TTM Technologies (NASDAQ:TTMI)

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