TTM Technologies, Inc. (NASDAQ:TTMI) Short Interest Update

TTM Technologies, Inc. (NASDAQ:TTMI) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 2,348,406 shares, a drop of 46.6% from the June 15th total of 4,398,332 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,776,221 shares, the short-interest ratio is presently 0.6 days.

Insider Activity

In related news, EVP Shawn A. Powers sold 3,367 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total transaction of $703,500.98. Following the completion of the transaction, the executive vice president directly owned 120,801 shares of the company’s stock, valued at approximately $25,240,160.94. This represents a 2.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Catherine A. Gridley sold 3,056 shares of TTM Technologies stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total value of $638,520.64. Following the completion of the sale, the executive vice president directly owned 71,866 shares in the company, valued at approximately $15,015,682.04. The trade was a 4.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 82,043 shares of company stock valued at $17,191,859. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On TTM Technologies

Large investors have recently bought and sold shares of the business. Accel Wealth Management purchased a new stake in TTM Technologies in the second quarter worth $201,000. Carolina Wealth Advisors LLC increased its stake in TTM Technologies by 78.7% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 377 shares of the technology company’s stock worth $71,000 after buying an additional 166 shares during the period. Redhawk Wealth Advisors Inc. bought a new stake in TTM Technologies during the 2nd quarter valued at about $300,000. First Bank & Trust purchased a new stake in TTM Technologies in the 2nd quarter valued at about $242,000. Finally, Bay Rivers Group grew its stake in TTM Technologies by 6.1% in the 2nd quarter. Bay Rivers Group now owns 3,238 shares of the technology company’s stock worth $606,000 after acquiring an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analyst Upgrades and Downgrades

TTMI has been the topic of several research reports. Zacks Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. B. Riley Financial lifted their price objective on shares of TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Truist Financial boosted their target price on shares of TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Needham & Company LLC increased their price target on shares of TTM Technologies from $208.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday, May 18th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $212.00.

TTM Technologies Trading Down 3.2%

Shares of TTMI traded down $4.57 during midday trading on Wednesday, hitting $137.40. The stock had a trading volume of 695,621 shares, compared to its average volume of 2,555,815. The stock’s 50 day moving average is $177.40 and its 200 day moving average is $127.57. The firm has a market cap of $14.27 billion, a PE ratio of 74.25 and a beta of 2.10. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.61. TTM Technologies has a 1 year low of $39.20 and a 1 year high of $223.83.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results 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 company had revenue of $845.98 million for 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 firm’s revenue was up 30.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. As a group, analysts forecast that TTM Technologies will post 3.66 EPS for the current fiscal year.

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.