TTM Technologies (NASDAQ:TTMI) Director Sells $624,547.71 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) Director John Mayer sold 9,167 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $68.13, for a total value of $624,547.71. Following the transaction, the director owned 165,140 shares of the company’s stock, valued at approximately $11,250,988.20. This trade represents a 5.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

TTM Technologies Stock Down 5.3%

Shares of TTMI stock traded down $3.63 during trading on Monday, reaching $64.37. The company’s stock had a trading volume of 1,708,267 shares, compared to its average volume of 1,602,929. TTM Technologies, Inc. has a one year low of $15.77 and a one year high of $71.85. The business has a fifty day moving average price of $58.23 and a 200-day moving average price of $45.56. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 51.08 and a beta of 1.66. The company has a quick ratio of 1.72, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. TTM Technologies had a return on equity of 13.43% and a net margin of 4.74%.The company had revenue of $752.74 million for the quarter, compared to analysts’ expectations of $711.91 million. During the same quarter in the prior year, the business posted $0.41 EPS. The business’s revenue was up 22.1% compared to the same quarter last year. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. Analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TTMI. Truist Financial raised their target price on shares of TTM Technologies from $60.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Needham & Company LLC lifted their target price on TTM Technologies from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. B. Riley reissued a “buy” rating on shares of TTM Technologies in a report on Thursday, October 30th. Wall Street Zen downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. Finally, Stifel Nicolaus upped their price objective on shares of TTM Technologies from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat.com, TTM Technologies has an average rating of “Buy” and a consensus target price of $65.50.

Institutional Investors Weigh In On TTM Technologies

A number of large investors have recently added to or reduced their stakes in TTMI. Vanguard Group Inc. increased its stake in TTM Technologies by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 13,156,053 shares of the technology company’s stock worth $757,789,000 after acquiring an additional 60,002 shares during the period. Invesco Ltd. grew its holdings in shares of TTM Technologies by 127.7% during the 3rd quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock worth $277,281,000 after purchasing an additional 2,699,494 shares in the last quarter. Polar Capital Holdings Plc bought a new position in shares of TTM Technologies in the third quarter worth $176,376,000. Geode Capital Management LLC raised its position in shares of TTM Technologies by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 2,557,256 shares of the technology company’s stock valued at $104,399,000 after buying an additional 7,814 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of TTM Technologies by 575.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,831,425 shares of the technology company’s stock worth $105,490,000 after acquiring an additional 1,560,394 shares during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.

TTM Technologies Company Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.