TTM Technologies (NASDAQ:TTMI) Stock: Insider Edwin Roks Acquires 5,000 Shares

TTM Technologies, Inc. (NASDAQ:TTMI) CEO Edwin Roks acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, October 28th. The stock was purchased at an average cost of $88.07 per share, for a total transaction of $440,350.00. Following the completion of 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 purchased at an average cost of $111.77 per share, with a total value of $1,117,700.00.

TTM Technologies Stock Down 3.5%

TTMI opened at $87.63 on Friday. The stock has a fifty day moving average of $113.91 and a 200-day moving average of $127.53. The company has a market capitalization of $9.23 billion, a P/E ratio of 34.91 and a beta of 2.14. TTM Technologies, Inc. has a fifty-two week low of $55.44 and a fifty-two week high of $223.83. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.49 and a current ratio of 1.67.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Thursday, October 22nd. The technology company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.25 by $0.21. TTM Technologies had a net margin of 7.01% and a return on equity of 19.19%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the company posted $0.50 earnings per share. TTM Technologies’s revenue was up 59.9% compared to the same quarter last year. On average, equities analysts expect that TTM Technologies, Inc. will post 4.36 EPS for the current year.

Wall Street Analysts Forecast Growth

TTMI has been the subject of a number of recent research reports. Needham & Company LLC cut their price objective on shares of TTM Technologies from $175.00 to $150.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Weiss Ratings cut shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Stifel Nicolaus dropped their price target on shares of TTM Technologies from $205.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, October 23rd. Wall Street Zen upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 24th. 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 given a Hold rating to the company. According to MarketBeat, TTM Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $173.25.

Key Headlines Impacting TTM Technologies

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

• Positive Sentiment: Insider buying signals confidence: CEO Edwin Roks purchased 5,000 shares for approximately $440,350, increasing his direct ownership by 8.41%. Director Wajid Ali also bought 10,000 shares worth about $902,500. These purchases may support sentiment because they indicate that company insiders view the lower share price as attractive. TTM Technologies CEO Purchases Stock
• Positive Sentiment: Share repurchases provide support: TTM completed its previous $100 million buyback, repurchasing approximately 1.16 million shares, and authorized a new $100 million program through October 2027. The program could enhance earnings per share and reflects management’s confidence in the business. TTM Technologies Completes Buyback and Authorizes New Program
• Positive Sentiment: AI growth thesis remains intact: Recent investment commentary highlights TTM’s advanced printed circuit boards, substrates, RF products and interconnect technologies as potential beneficiaries of AI data-center and high-performance computing expansion. Zacks also identifies TTMI as a strong growth candidate. TTM Technologies An AI Growth Story
• Neutral Sentiment: Analysts remain broadly constructive but have lowered targets: TTM retains a “Moderate Buy” consensus rating, although several firms recently reduced their price targets. The consensus target remains substantially above recent trading levels, but the cuts indicate rising caution about future growth and valuation.
• Negative Sentiment: Cash-flow and valuation concerns are weighing on the stock: Recent analysis suggests investors are penalizing TTM’s cash-flow performance and questioning whether earnings are near a cyclical peak. The shares also remain well below their 50-day and 200-day moving averages, reinforcing weak momentum. TTM Technologies Cash Flow Analysis
• Negative Sentiment: Mixed insider-trading backdrop: Although the CEO and a director recently bought shares, broader insider activity has included selling, which may temper the bullish signal from the latest purchases.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TTMI. BlackRock Inc. bought a new stake in TTM Technologies during the second quarter worth about $2,053,347,000. Wellington Management Group LLP grew its stake in TTM Technologies by 61.9% during the second quarter. Wellington Management Group LLP now owns 2,268,404 shares of the technology company’s stock worth $424,237,000 after buying an additional 867,255 shares in the last quarter. Atalan Capital Partners LP bought a new position in TTM Technologies in the 2nd quarter valued at about $189,234,000. Bank of New York Mellon Corp increased its holdings in TTM Technologies by 1.6% in the 1st quarter. Bank of New York Mellon Corp now owns 715,543 shares of the technology company’s stock valued at $69,708,000 after buying an additional 11,610 shares during the period. Finally, Bank of America Corp DE increased its holdings in TTM Technologies by 6.5% in the 1st quarter. Bank of America Corp DE now owns 636,152 shares of the technology company’s stock valued at $61,974,000 after buying an additional 38,710 shares during the period. Institutional investors own 95.79% of the company’s stock.

TTM Technologies Company Profile

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.