TTM Technologies (NASDAQ:TTMI) Trading Down 8.8% – Should You Sell?

TTM Technologies, Inc. (NASDAQ:TTMI)’s share price was down 8.8% during mid-day trading on Thursday . The company traded as low as $166.00 and last traded at $163.8270. 434,746 shares traded hands during trading, a decline of 83% from the average session volume of 2,554,880 shares. The stock had previously closed at $179.70.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TTMI. Stifel Nicolaus raised their price target 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. Truist Financial upped their target price on TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Needham & Company LLC lifted their price target on TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of TTM Technologies in a research note on Monday, May 18th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $212.00.

TTM Technologies Price Performance

The firm’s fifty day moving average price is $177.52 and its 200 day moving average price is $123.46. The firm has a market capitalization of $16.20 billion, a PE ratio of 84.31 and a beta of 2.10. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 0.50.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 earnings per share 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 for the quarter, compared to analyst estimates of $789.84 million. During the same quarter in the prior year, the business earned $0.50 earnings per share. The business’s quarterly revenue 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. As a group, equities analysts forecast that TTM Technologies, Inc. will post 3.7 earnings per share for the current year.

Insider Buying and Selling at TTM Technologies

In related news, EVP Shawn A. Powers sold 9,856 shares of TTM Technologies stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total transaction of $2,067,788.80. Following the completion of the transaction, the executive vice president directly owned 119,268 shares in the company, valued at approximately $25,022,426.40. This trade represents a 7.63% 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. Also, EVP Douglas L. Soder sold 8,902 shares of TTM Technologies stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $209.79, for a total value of $1,867,550.58. Following the transaction, the executive vice president owned 208,245 shares of the company’s stock, valued at approximately $43,687,718.55. This represents a 4.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 82,043 shares of company stock worth $17,191,859. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On TTM Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in TTMI. Kestra Advisory Services LLC acquired a new position in shares of TTM Technologies in the 4th quarter valued at $30,000. Truvestments Capital LLC purchased a new position in TTM Technologies in the fourth quarter valued at $30,000. Rakuten Securities Inc. purchased a new position in TTM Technologies in the fourth quarter valued at $32,000. Parallel Advisors LLC raised its position in shares of TTM Technologies by 36.2% in the first quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock worth $32,000 after acquiring an additional 87 shares during the period. Finally, Wolff Wiese Magana LLC acquired a new position in shares of TTM Technologies in the fourth quarter worth about $34,000. 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.