Insider Selling: TTM Technologies (NASDAQ:TTMI) Insider Sells $612,586.80 in Stock
by Amy Steele · The Cerbat GemTTM Technologies, Inc. (NASDAQ:TTMI – Get Free Report) insider Robert Farrell sold 2,920 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $209.79, for a total value of $612,586.80. Following the transaction, the insider owned 16,486 shares in the company, valued at $3,458,597.94. This represents a 15.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
TTM Technologies Stock Performance
Shares of TTMI stock traded up $0.83 during mid-day trading on Thursday, reaching $210.57. The stock had a trading volume of 1,606,178 shares, compared to its average volume of 2,439,590. TTM Technologies, Inc. has a one year low of $39.20 and a one year high of $223.83. The firm has a market cap of $21.87 billion, a PE ratio of 113.82 and a beta of 2.09. The firm’s 50 day simple moving average is $169.33 and its 200 day simple moving average is $118.62. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 0.50.
TTM Technologies (NASDAQ:TTMI – Get Free Report) last issued its earnings results on Wednesday, April 29th. The technology company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $845.98 million during the quarter, compared to analyst estimates of $789.84 million. TTM Technologies had a return on equity of 13.70% and a net margin of 6.29%.TTM Technologies’s revenue was up 30.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. On average, analysts forecast that TTM Technologies, Inc. will post 3.7 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. Stifel Nicolaus raised their price objective on shares of TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday, May 18th. Needham & Company LLC raised their price target on shares of TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Truist Financial lifted their price objective on TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, B. Riley Financial upped their price objective on TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. One investment 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 an average rating of “Buy” and an average target price of $212.00.
View Our Latest Stock Analysis on TTMI
Key Stories Impacting TTM Technologies
Here are the key news stories impacting TTM Technologies this week:
- Positive Sentiment: TTM Technologies said it will be added to the Russell 1000 Index on June 26, replacing its current Russell 2000 membership. Index inclusion can boost demand from index funds and raise the stock’s visibility with institutional investors. Article Title
- Positive Sentiment: Recent coverage continues to frame TTMI as a growth stock, and the shares have also been hitting new highs, reinforcing bullish momentum after the company’s strong earnings report earlier this year. Article Title
- Neutral Sentiment: The company’s latest quarterly results were strong, with earnings and revenue both beating expectations and revenue rising 30.4% year over year, which remains a supportive backdrop for the stock.
- Negative Sentiment: Multiple executives and insiders, including the EVP, COO, CFO and other senior leaders, sold shares at around $209.80 per share. While insider selling does not always signal trouble, the broad pattern can weigh on investor sentiment because it suggests management may be taking some profits after the recent run-up. Article Title
Institutional Investors Weigh In On TTM Technologies
A number of hedge funds have recently made changes to their positions in the company. Polar Capital Holdings Plc acquired a new position in TTM Technologies in the third quarter valued at about $176,376,000. Invesco Ltd. increased its holdings in shares of TTM Technologies by 127.7% during the third quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock worth $277,281,000 after buying an additional 2,699,494 shares in the last quarter. Whale Rock Capital Management LLC increased its holdings in shares of TTM Technologies by 112.1% during the fourth quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company’s stock worth $295,066,000 after buying an additional 2,260,035 shares in the last quarter. Castle Hook Partners LP bought a new position in shares of TTM Technologies in the fourth quarter valued at approximately $133,351,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of TTM Technologies by 575.7% in 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 in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.
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.
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