Insider Selling: TTM Technologies (NASDAQ:TTMI) COO Sells $611,776.80 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) COO James Walsh sold 2,916 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total value of $611,776.80. Following the sale, the chief operating officer owned 30,633 shares of the company’s stock, valued at $6,426,803.40. This represents a 8.69% 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 hyperlink.

TTM Technologies Stock Performance

NASDAQ TTMI opened at $191.49 on Friday. The firm has a market capitalization of $19.89 billion, a P/E ratio of 103.51 and a beta of 2.09. TTM Technologies, Inc. has a 1-year low of $39.20 and a 1-year high of $223.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.61. The business’s 50-day simple moving average is $172.62 and its 200-day simple moving average is $120.09.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, April 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $845.98 million during the quarter, compared to the consensus estimate of $789.84 million. During the same quarter in the prior year, the company earned $0.50 EPS. The company’s revenue was up 30.4% on a year-over-year basis. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. Equities analysts predict that TTM Technologies, Inc. will post 3.7 EPS for the current year.

Key Stories Impacting 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

Wall Street Analysts Forecast Growth

TTMI has been the subject of several analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday, May 18th. Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. B. Riley Financial increased their price objective on shares of TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Stifel Nicolaus lifted their price objective on shares of TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen cut shares of TTM Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat.com, TTM Technologies currently has a consensus rating of “Buy” and an average price target of $212.00.

Hedge Funds Weigh In On TTM Technologies

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