TTM Technologies (NASDAQ:TTMI) Shares Gap Down After Insider Selling

TTM Technologies, Inc. (NASDAQ:TTMI) gapped down before the market opened on Thursday after an insider sold shares in the company. The stock had previously closed at $97.08, but opened at $90.23. TTM Technologies shares last traded at $94.1780, with a volume of 189,003 shares changing hands.

Specifically, Director Thomas T. Edman sold 16,800 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $100.23, for a total value of $1,683,864.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TTMI shares. Stifel Nicolaus set a $108.00 price objective on TTM Technologies in a research report on Thursday, February 5th. B. Riley Financial upped their price target on TTM Technologies from $81.00 to $123.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Weiss Ratings raised shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Zacks Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Finally, Needham & Company LLC boosted their price target on shares of TTM Technologies from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat, TTM Technologies presently has an average rating of “Buy” and an average price target of $117.25.

TTM Technologies Price Performance

The firm has a market cap of $10.12 billion, a price-to-earnings ratio of 57.68 and a beta of 1.76. The firm’s 50 day moving average price is $98.18 and its two-hundred day moving average price is $78.28. 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) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $752.96 million. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. As a group, sell-side analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Decker Retirement Planning Inc. purchased a new stake in TTM Technologies during the third quarter worth $2,963,000. Horizon Investment Services LLC grew its stake in shares of TTM Technologies by 255.7% during the 3rd quarter. Horizon Investment Services LLC now owns 27,570 shares of the technology company’s stock valued at $1,588,000 after buying an additional 19,820 shares during the period. FengHe Fund Management Pte. Ltd. purchased a new stake in shares of TTM Technologies during the 3rd quarter worth about $54,148,000. Oak Ridge Investments LLC acquired a new stake in TTM Technologies in the 3rd quarter valued at $1,812,000. Finally, Navellier & Associates Inc. purchased a new position in TTM Technologies in the 3rd quarter worth approximately $3,271,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

TTM Technologies Company Profile

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.