Insider Selling: TTM Technologies (NASDAQ:TTMI) Insider Sells $612,586.80 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) insider Robert Farrell sold 2,920 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $209.79, for a total value of $612,586.80. Following the sale, the insider owned 16,486 shares of the company’s stock, valued at $3,458,597.94. This trade represents a 15.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

TTM Technologies Stock Performance

Shares of TTM Technologies stock opened at $191.49 on Friday. The company has a market capitalization of $19.89 billion, a PE ratio of 103.51 and a beta of 2.09. The company has a 50-day simple moving average of $172.62 and a two-hundred day simple moving average of $120.09. TTM Technologies, Inc. has a one year low of $39.20 and a one year high of $223.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.88.

TTM Technologies (NASDAQ:TTMI) last posted 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. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. The company had revenue of $845.98 million during the quarter, compared to analysts’ expectations of $789.84 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. TTM Technologies’s revenue for the quarter was up 30.4% compared to the same quarter last year. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. Research analysts expect that TTM Technologies, Inc. will post 3.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TTMI. Stifel Nicolaus upped their target price on TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Needham & Company LLC lifted their target price 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. B. Riley Financial boosted their target price on shares of TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Truist Financial upped their price target on shares of TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $212.00.

Trending Headlines about TTM Technologies

Here are the key news stories impacting TTM Technologies this week:

• Positive Sentiment: TTM Technologies will join the Russell 1000 Index on June 26 after moving up from the Russell 2000. Index inclusion can lift demand from passive funds and increase institutional visibility. Russell 1000 Index inclusion announcement
• Positive Sentiment: The company’s recent results were strong, with revenue and earnings beating expectations and sales up sharply year over year, supporting the longer-term bullish case for TTMI.
• Neutral Sentiment: TTM also announced a European expansion deal and a new credit agreement earlier this month, which could support growth but also adds execution and financing considerations.
• Negative Sentiment: Multiple insiders, including the COO, CFO, and several EVPs, sold shares near recent highs. The broad insider selling is likely weighing on sentiment and may be reinforcing concerns that the stock had gotten ahead of itself after its rally. Insider sale SEC filing

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TTMI. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in TTM Technologies during the 4th quarter valued at approximately $668,000. Geode Capital Management LLC raised its holdings in shares of TTM Technologies by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 2,667,956 shares of the technology company’s stock worth $184,119,000 after purchasing an additional 81,588 shares during the last quarter. Wealth High Governance Capital Ltda lifted its position in TTM Technologies by 408.6% during the fourth quarter. Wealth High Governance Capital Ltda now owns 183,079 shares of the technology company’s stock valued at $12,632,000 after purchasing an additional 147,079 shares during the period. PNC Financial Services Group Inc. lifted its position in TTM Technologies by 338.6% during the third quarter. PNC Financial Services Group Inc. now owns 12,777 shares of the technology company’s stock valued at $736,000 after purchasing an additional 9,864 shares during the period. Finally, Royce & Associates LP boosted its holdings in TTM Technologies by 103.5% in the fourth quarter. Royce & Associates LP now owns 269,046 shares of the technology company’s stock valued at $18,564,000 after purchasing an additional 136,845 shares during the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

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.