TTM Technologies (NASDAQ:TTMI) Stock Price Down 6.7% Following Insider Selling

TTM Technologies, Inc. (NASDAQ:TTMI)’s stock price dropped 6.7% on Friday following insider selling activity. The company traded as low as $193.77 and last traded at $196.5270. Approximately 419,736 shares changed hands during trading, a decline of 83% from the average daily volume of 2,421,292 shares. The stock had previously closed at $210.57.

Specifically, EVP Douglas L. Soder sold 8,902 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $209.79, for a total transaction of $1,867,550.58. Following the transaction, the executive vice president directly owned 208,245 shares in the company, valued at $43,687,718.55. This trade represents a 4.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Shawn A. Powers sold 9,856 shares of TTM Technologies stock in a transaction 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 of the company’s stock, valued at approximately $25,022,426.40. This represents a 7.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In other TTM Technologies news, EVP Catherine A. Gridley sold 8,966 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total transaction of $1,881,066.80. Following the sale, the executive vice president directly owned 69,679 shares of the company’s stock, valued at approximately $14,618,654.20. This represents a 11.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TTMI shares. Truist Financial lifted their price target on shares of TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Wall Street Zen lowered TTM Technologies from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Stifel Nicolaus increased their price target on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, B. Riley Financial raised their price target on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $212.00.

More TTM Technologies News

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

• Positive Sentiment: TTM Technologies said it will be added to the Russell 1000 Index on June 26 after migrating out of the Russell 2000. Index inclusion can lift demand from passive funds and increase visibility with large-cap investors. Article Title
• Positive Sentiment: Recent analyst and growth-stock coverage has remained constructive, reinforcing momentum after TTM’s strong prior-quarter results and upbeat guidance. Article Title
• Neutral Sentiment: TTM recently beat earnings and revenue estimates, with revenue up 30.4% year over year, which provides a supportive fundamental backdrop but is not new enough to be the main trading catalyst today.
• Negative Sentiment: Multiple insiders, including the COO, CFO, and several EVPs, sold shares around $209.80 on June 23. While insider sales do not always imply trouble, the broad cluster of transactions can pressure sentiment and raise questions after the stock’s strong run. Article Title

TTM Technologies Stock Down 6.8%

The firm’s 50 day simple moving average is $171.13 and its 200 day simple moving average is $119.59. The company has a market cap of $20.39 billion, a price-to-earnings ratio of 106.56 and a beta of 2.09. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 0.50.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.09. TTM Technologies had a return on equity of 13.70% and a net margin of 6.29%.The business had revenue of $845.98 million during the quarter, compared to the consensus estimate of $789.84 million. During the same period in the previous year, the firm posted $0.50 earnings per share. The business’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. Sell-side analysts anticipate that TTM Technologies, Inc. will post 3.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its position in TTM Technologies by 36.2% during the 1st 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. Lido Advisors LLC raised its stake in shares of TTM Technologies by 1.5% during the fourth quarter. Lido Advisors LLC now owns 8,013 shares of the technology company’s stock valued at $553,000 after purchasing an additional 116 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its stake in shares of TTM Technologies by 4.5% during the first quarter. Fifth Third Wealth Advisors LLC now owns 3,289 shares of the technology company’s stock valued at $320,000 after purchasing an additional 142 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in TTM Technologies by 12.5% in the first quarter. EverSource Wealth Advisors LLC now owns 1,347 shares of the technology company’s stock worth $131,000 after purchasing an additional 150 shares during the period. Finally, Tocqueville Asset Management L.P. lifted its holdings in TTM Technologies by 0.8% in the fourth quarter. Tocqueville Asset Management L.P. now owns 18,858 shares of the technology company’s stock worth $1,301,000 after purchasing an additional 158 shares during the period. 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.