Thomas Edman Sells 16,800 Shares of TTM Technologies (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI) Director Thomas Edman sold 16,800 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $101.62, for a total transaction of $1,707,216.00. Following the transaction, the director owned 855,171 shares of the company’s stock, valued at $86,902,477.02. This trade represents a 1.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

TTM Technologies Stock Up 1.0%

Shares of TTMI opened at $105.14 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.67 and a current ratio of 1.93. TTM Technologies, Inc. has a 52 week low of $15.77 and a 52 week high of $113.46. The stock has a market capitalization of $10.87 billion, a price-to-earnings ratio of 62.21 and a beta of 1.74. The stock has a fifty day moving average of $91.87 and a 200-day moving average of $70.64.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The business had revenue of $763.53 million for the quarter, compared to analyst estimates of $752.96 million. TTM Technologies had a return on equity of 13.30% and a net margin of 6.11%.TTM Technologies’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. As a group, sell-side analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Optiver Holding B.V. grew its stake in TTM Technologies by 66.4% during the third quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock worth $25,000 after purchasing an additional 170 shares during the period. Bessemer Group Inc. boosted its holdings in shares of TTM Technologies by 448.8% during the 3rd quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock worth $27,000 after buying an additional 377 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of TTM Technologies during the 4th quarter worth approximately $30,000. Truvestments Capital LLC bought a new stake in shares of TTM Technologies in the 4th quarter valued at $30,000. Finally, Rakuten Securities Inc. acquired a new position in shares of TTM Technologies during the 4th quarter valued at $32,000. 95.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on TTMI. Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Stifel Nicolaus set a $108.00 price objective on TTM Technologies in a report on Thursday, February 5th. B. Riley Financial raised their target price on TTM Technologies from $81.00 to $123.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Truist Financial set a $113.00 price target on TTM Technologies in a research report on Wednesday, January 14th. Finally, Needham & Company LLC increased their price target on TTM Technologies from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, TTM Technologies has a consensus rating of “Buy” and an average price target of $117.25.

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.