TTM Technologies (NASDAQ:TTMI) Stock: Insider Wajid Ali Buys 10,000 Shares

TTM Technologies, Inc. (NASDAQ:TTMI) Director Wajid Ali purchased 10,000 shares of TTM Technologies stock in a transaction that occurred on Wednesday, October 28th. The stock was bought at an average cost of $90.25 per share, with a total value of $902,500.00. Following the completion of the transaction, the director owned 35,835 shares of the company’s stock, valued at $3,234,108.75. The trade was a 38.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

TTM Technologies Stock Performance

NASDAQ TTMI opened at $87.63 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.67 and a quick ratio of 1.49. TTM Technologies, Inc. has a 1 year low of $55.44 and a 1 year high of $223.83. The company has a market capitalization of $9.23 billion, a PE ratio of 34.91 and a beta of 2.14. The company has a fifty day moving average of $113.91 and a two-hundred day moving average of $127.53.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 24th. Truist Financial decreased their price objective on TTM Technologies from $231.00 to $170.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Needham & Company LLC lowered 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. Zacks Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Stifel Nicolaus reduced 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. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $173.25.

Trending Headlines about 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 Trading of TTM Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in TTM Technologies in the 2nd quarter valued at $2,053,347,000. Atalan Capital Partners LP purchased a new position in TTM Technologies during the 2nd quarter worth $189,234,000. Wellington Management Group LLP lifted its stake in shares of TTM Technologies by 61.9% in the 2nd quarter. Wellington Management Group LLP now owns 2,268,404 shares of the technology company’s stock worth $424,237,000 after acquiring an additional 867,255 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of TTM Technologies in the 2nd quarter worth $114,470,000. Finally, Palestra Capital Management LLC acquired a new stake in shares of TTM Technologies in the 2nd quarter worth $105,214,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

About TTM Technologies

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.