TTM Technologies (NASDAQ:TTMI) Shares Gap Down – Here’s What Happened

TTM Technologies, Inc. (NASDAQ:TTMI)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $97.08, but opened at $90.23. TTM Technologies shares last traded at $94.1780, with a volume of 189,003 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus set a $108.00 target price on shares of TTM Technologies in a research note on Thursday, February 5th. Weiss Ratings upgraded TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. B. Riley Financial lifted their price objective on TTM Technologies from $81.00 to $123.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Truist Financial set a $113.00 target price on TTM Technologies in a research note on Wednesday, January 14th. Finally, Needham & Company LLC upped their target price on TTM Technologies from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, TTM Technologies has a consensus rating of “Buy” and an average target price of $117.25.

TTM Technologies Price Performance

The company has a quick ratio of 1.67, a current ratio of 1.93 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $10.08 billion, a P/E ratio of 57.41 and a beta of 1.76. The company’s 50-day simple moving average is $98.14 and its 200 day simple moving average is $77.81.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. TTM Technologies had a net margin of 6.11% and a return on equity of 13.30%. The company had revenue of $763.53 million for the quarter, compared to analyst estimates of $752.96 million. During the same quarter in the prior year, the business posted $0.60 EPS. TTM Technologies’s quarterly revenue was up 19.0% on a year-over-year basis. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. As a group, sell-side analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, EVP Catherine A. Gridley sold 20,000 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $105.94, for a total value of $2,118,800.00. Following the completion of the sale, the executive vice president owned 78,645 shares of the company’s stock, valued at $8,331,651.30. The trade was a 20.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Weber sold 12,000 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $93.88, for a total value of $1,126,560.00. Following the sale, the executive vice president owned 94,621 shares of the company’s stock, valued at approximately $8,883,019.48. This trade represents a 11.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 105,150 shares of company stock worth $9,900,522 over the last three months. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On TTM Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. lifted its stake in shares of TTM Technologies by 66.4% in the third 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. Kestra Advisory Services LLC bought a new position in TTM Technologies in the 4th quarter worth $30,000. Truvestments Capital LLC bought a new position in TTM Technologies in the 4th quarter worth $30,000. Bessemer Group Inc. lifted its position in TTM Technologies by 448.8% during the 3rd quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock worth $27,000 after acquiring an additional 377 shares during the last quarter. Finally, Rakuten Securities Inc. bought a new stake in TTM Technologies during the fourth quarter valued at about $32,000. 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.