Key Points
- Catherine Gridley, EVP of TTM Technologies, sold 20,000 shares on Feb. 20 at an average price of $105.94 for about $2.12 million, reducing her stake by 20.27% to 78,645 shares; the sale was disclosed in an SEC filing.
- TTM beat Q4 expectations with $0.70 EPS versus a $0.68 estimate and revenue of $763.5M (up 19% year-over-year), and issued Q1 guidance of $0.64–$0.70 EPS.
- Analysts are broadly positive with a consensus "Buy" rating and an average target of $117.25, including recent upgrades (Zacks to Strong-Buy, Weiss to Buy) and Needham raising its target to $125.
TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) EVP Catherine Gridley sold 20,000 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $105.94, for a total value of $2,118,800.00. Following the completion of the transaction, the executive vice president directly owned 78,645 shares of the company's stock, valued at approximately $8,331,651.30. The trade was a 20.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
TTM Technologies Price Performance
Shares of TTMI stock opened at $106.85 on Tuesday. The stock's fifty day simple moving average is $86.51 and its 200 day simple moving average is $67.74. TTM Technologies, Inc. has a one year low of $15.77 and a one year high of $111.00. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 63.22 and a beta of 1.74. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.93 and a quick ratio of 1.67.
TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. TTM Technologies had a return on equity of 13.30% and a net margin of 6.11%.The firm had revenue of $763.53 million during the quarter, compared to analyst estimates of $752.96 million. During the same period in the prior year, the company posted $0.60 earnings per share. The business's revenue for the quarter was up 19.0% compared to the same quarter last year. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. On average, analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Lido Advisors LLC increased its stake in shares of TTM Technologies by 1.5% in the 4th quarter. Lido Advisors LLC now owns 8,013 shares of the technology company's stock valued at $553,000 after buying an additional 116 shares during the period. Tocqueville Asset Management L.P. boosted its holdings in TTM Technologies by 0.8% in the fourth quarter. Tocqueville Asset Management L.P. now owns 18,858 shares of the technology company's stock valued at $1,301,000 after acquiring an additional 158 shares during the last quarter. Larson Financial Group LLC boosted its holdings in TTM Technologies by 4.4% in the third quarter. Larson Financial Group LLC now owns 3,978 shares of the technology company's stock valued at $229,000 after acquiring an additional 167 shares during the last quarter. Optiver Holding B.V. increased its position in TTM Technologies by 66.4% in 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. Finally, Choreo LLC raised its holdings in TTM Technologies by 1.4% during the 3rd quarter. Choreo LLC now owns 14,196 shares of the technology company's stock worth $818,000 after purchasing an additional 191 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages have weighed in on TTMI. Truist Financial set a $113.00 price objective on shares of TTM Technologies in a research note on Wednesday, January 14th. Zacks Research upgraded TTM Technologies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 27th. Weiss Ratings raised TTM Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, February 18th. Stifel Nicolaus set a $108.00 price objective on TTM Technologies in a research note on Thursday, February 5th. Finally, Needham & Company LLC increased their target price on TTM Technologies from $105.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $117.25.
Get Our Latest Analysis on TTM Technologies
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
