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

TTM Technologies, Inc. (NASDAQ:TTMIGet Free Report) EVP Catherine Gridley sold 8,966 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total transaction of $1,881,066.80. Following the completion of the transaction, the executive vice president directly owned 69,679 shares in the company, valued at $14,618,654.20. This represents a 11.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

TTM Technologies Stock Performance

TTMI stock traded up $0.83 during midday trading on Thursday, reaching $210.57. The company had a trading volume of 1,606,178 shares, compared to its average volume of 2,439,590. The firm has a market capitalization of $21.87 billion, a PE ratio of 113.82 and a beta of 2.09. The stock has a 50 day moving average price of $169.33 and a 200 day moving average price of $118.62. TTM Technologies, Inc. has a fifty-two week low of $39.20 and a fifty-two week high of $223.83. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 0.50.

TTM Technologies (NASDAQ:TTMIGet Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.09. TTM Technologies had a return on equity of 13.70% and a net margin of 6.29%.The business 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 business posted $0.50 EPS. The business’s revenue was up 30.4% on a year-over-year basis. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. Analysts anticipate that TTM Technologies, Inc. will post 3.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Stifel Nicolaus upped their price target on shares of TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. B. Riley Financial lifted their price objective on shares of TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of TTM Technologies in a research note on Monday, May 18th. Wall Street Zen cut shares of TTM Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Needham & Company LLC raised their price target on shares of TTM Technologies from $208.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. One 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, TTM Technologies has a consensus rating of “Buy” and a consensus target price of $212.00.

Get Our Latest Analysis on TTMI

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Optiver Holding B.V. raised its stake 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 valued at $25,000 after purchasing an additional 170 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in TTM Technologies during the 4th quarter valued at about $30,000. Truvestments Capital LLC acquired a new position in TTM Technologies during the 4th quarter valued at about $30,000. Rakuten Securities Inc. bought a new stake in shares of TTM Technologies during the 4th quarter worth about $32,000. Finally, Parallel Advisors LLC raised its position in shares of TTM Technologies by 36.2% during the 1st quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock worth $32,000 after buying an additional 87 shares in the last quarter. 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: TTM Technologies said it will be added to the Russell 1000 Index on June 26, replacing its current Russell 2000 membership. Index inclusion can boost demand from index funds and raise the stock’s visibility with institutional investors. Article Title
  • Positive Sentiment: Recent coverage continues to frame TTMI as a growth stock, and the shares have also been hitting new highs, reinforcing bullish momentum after the company’s strong earnings report earlier this year. Article Title
  • Neutral Sentiment: The company’s latest quarterly results were strong, with earnings and revenue both beating expectations and revenue rising 30.4% year over year, which remains a supportive backdrop for the stock.
  • Negative Sentiment: Multiple executives and insiders, including the EVP, COO, CFO and other senior leaders, sold shares at around $209.80 per share. While insider selling does not always signal trouble, the broad pattern can weigh on investor sentiment because it suggests management may be taking some profits after the recent run-up. Article Title

About TTM Technologies

(Get Free Report)

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.

Further Reading

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

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