Insider Selling: TTM Technologies (NASDAQ:TTMI) Insider Sells 643 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMI) insider Robert Farrell sold 643 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $66.98, for a total transaction of $43,068.14. Following the completion of the transaction, the insider directly owned 19,406 shares of the company’s stock, valued at approximately $1,299,813.88. The trade was a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

TTM Technologies Stock Up 0.1%

TTM Technologies stock traded up $0.07 during trading hours on Tuesday, hitting $64.41. 413,427 shares of the stock traded hands, compared to its average volume of 1,604,752. TTM Technologies, Inc. has a one year low of $15.77 and a one year high of $71.85. The firm’s 50-day moving average price is $58.58 and its two-hundred day moving average price is $45.85. The company has a current ratio of 2.03, a quick ratio of 1.72 and a debt-to-equity ratio of 0.56. The company has a market cap of $6.66 billion, a PE ratio of 51.02 and a beta of 1.66.

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

Institutional Investors Weigh In On TTM Technologies

Several large investors have recently bought and sold shares of the business. Optiver Holding B.V. raised its position in TTM Technologies by 66.4% in the 3rd quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock worth $25,000 after buying an additional 170 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of TTM Technologies by 448.8% during the 3rd quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock valued at $27,000 after acquiring an additional 377 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in shares of TTM Technologies in the third quarter worth approximately $39,000. Quarry LP raised its holdings in shares of TTM Technologies by 249.9% during the first quarter. Quarry LP now owns 2,110 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,507 shares during the last quarter. Finally, Concord Wealth Partners bought a new position in TTM Technologies during the second quarter valued at approximately $47,000. 95.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TTMI. B. Riley reissued a “buy” rating on shares of TTM Technologies in a research report on Thursday, October 30th. Stifel Nicolaus lifted their price target on shares of TTM Technologies from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Weiss Ratings raised shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. 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. Finally, Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $65.50.

About TTM Technologies

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.