TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) CEO Edwin Roks acquired 5,000 shares of TTM Technologies stock in a transaction on Wednesday, October 28th. The stock was purchased at an average cost of $88.07 per share, with a total value of $440,350.00. Following the completion of the transaction, the chief executive officer directly owned 64,483 shares in the company, valued at $5,679,017.81. This represents a 8.41% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Edwin Roks also recently made the following trade(s):
- On Tuesday, August 25th, Edwin Roks acquired 10,000 shares of TTM Technologies stock. The stock was purchased at an average price of $111.77 per share, with a total value of $1,117,700.00.
TTM Technologies Price Performance
TTM Technologies stock opened at $90.79 on Thursday. TTM Technologies, Inc. has a 52 week low of $55.44 and a 52 week high of $223.83. The company's 50 day moving average price is $114.49 and its two-hundred day moving average price is $127.46. The company has a quick ratio of 1.49, a current ratio of 1.67 and a debt-to-equity ratio of 0.71. The stock has a market cap of $9.56 billion, a P/E ratio of 36.17 and a beta of 2.14.
TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its earnings results on Thursday, October 22nd. The technology company reported $1.46 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.21. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.13 billion. TTM Technologies had a return on equity of 19.19% and a net margin of 7.01%. The company's revenue was up 59.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 EPS. On average, equities analysts predict that TTM Technologies, Inc. will post 4.22 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on TTMI shares. Zacks Research downgraded TTM Technologies from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. Truist Financial decreased their target price on TTM Technologies from $231.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, October 23rd. Weiss Ratings cut TTM Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. Needham & Company LLC cut their price target on shares of TTM Technologies from $175.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, October 23rd. 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 equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, TTM Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $173.25.
Check Out Our Latest Analysis on TTMI
Institutional Trading of TTM Technologies
Several hedge funds and other institutional investors have recently modified their holdings of TTMI. BlackRock Inc. purchased a new stake in shares of TTM Technologies during the 2nd quarter valued at approximately $2,053,347,000. Rokos Capital Management LLP purchased a new position in TTM Technologies in the 1st quarter valued at approximately $13,031,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of TTM Technologies by 97.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 197,799 shares of the technology company's stock worth $19,270,000 after acquiring an additional 97,799 shares during the period. Ausbil Investment Management Ltd bought a new position in shares of TTM Technologies in the third quarter worth $970,000. Finally, Renaissance Technologies LLC bought a new position in shares of TTM Technologies in the first quarter worth $36,130,000. Institutional investors own 95.79% of the company's stock.
Trending Headlines about TTM Technologies
Here are the key news stories impacting TTM Technologies this week:
- Positive Sentiment: New $100 million buyback authorized: TTM completed its prior $100 million repurchase, buying approximately 1.16 million shares at an average price of $86.31, and authorized another $100 million program running through October 2027. The new authorization may support earnings per share and signals management’s confidence in future growth. TTM Announces Completion of Existing 2025 Share Repurchase Program and Authorization of New $100 Million Program
- Positive Sentiment: AI infrastructure exposure remains a bullish theme: Recent commentary portrays TTM’s printed circuit boards, substrates, RF products and advanced interconnects as increasingly important to AI data-center and high-performance computing infrastructure. Analysts and commentators point to additional growth from the ramp of the company’s N+M products. TTM Technologies: PCB Commodity To AI Backbone
- Positive Sentiment: Strong operating momentum: TTM’s latest reported quarter showed revenue of approximately $1.20 billion, up nearly 60% year over year, while earnings exceeded consensus expectations. This growth supports the view that the company’s AI-related demand could remain substantial. TTMI vs. AXTI
- Neutral Sentiment: Options activity signals interest: Traders purchased a large volume of TTMI call options, suggesting that some market participants are positioning for additional upside, though options activity does not guarantee a change in fundamentals. Stock Traders Purchase Large Volume of TTM Technologies Call Options
- Negative Sentiment: Cash-flow and peak-cycle concerns remain: Recent analysis argues that the market is penalizing TTM for cash-flow performance and may be pricing in peak earnings. Heavy insider selling over the past six months, despite purchases by the CEO and another executive, may also weigh on sentiment. The Market Is Punishing the Cash Flow
About TTM Technologies
(
Get Free Report)
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.
Further Reading
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