TTM Technologies (NASDAQ:TTMI) CEO Edwin Roks Purchases 5,000 Shares of Company Stock

TTM Technologies, Inc. (NASDAQ:TTMI) CEO Edwin Roks acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The shares were purchased at an average price of $88.07 per share, with a total value of $440,350.00. Following the acquisition, the chief executive officer owned 64,483 shares of the company’s stock, valued at approximately $5,679,017.81. This represents a 8.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Edwin Roks also recently made the following trade(s):

• On Tuesday, August 25th, Edwin Roks bought 10,000 shares of TTM Technologies stock. The shares were purchased at an average cost of $111.77 per share, for a total transaction of $1,117,700.00.

TTM Technologies Stock Up 4.6%

Shares of TTMI traded up $4.01 during trading hours on Wednesday, reaching $90.79. The stock had a trading volume of 4,222,213 shares, compared to its average volume of 2,744,385. The firm has a 50-day simple moving average of $114.49 and a 200 day simple moving average of $127.46. TTM Technologies, Inc. has a 12 month low of $55.44 and a 12 month high of $223.83. The company has a current ratio of 1.67, a quick ratio of 1.49 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $9.56 billion, a price-to-earnings ratio of 36.17 and a beta of 2.14.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Thursday, October 22nd. The technology company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.21. TTM Technologies had a net margin of 7.01% and a return on equity of 19.19%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The business’s revenue was up 59.9% on a year-over-year basis. Equities research analysts predict that TTM Technologies, Inc. will post 4.22 earnings per share for the current fiscal year.

Key Headlines Impacting TTM Technologies

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

• Positive Sentiment: New $100 million buyback authorized: TTM completed its prior $100 million repurchase, buying approximately 1.16 million shares at an average price of $86.31, and authorized another $100 million program running through October 2027. The new authorization may support earnings per share and signals management’s confidence in future growth. TTM Announces Completion of Existing 2025 Share Repurchase Program and Authorization of New $100 Million Program
• Positive Sentiment: AI infrastructure exposure remains a bullish theme: Recent commentary portrays TTM’s printed circuit boards, substrates, RF products and advanced interconnects as increasingly important to AI data-center and high-performance computing infrastructure. Analysts and commentators point to additional growth from the ramp of the company’s N+M products. TTM Technologies: PCB Commodity To AI Backbone
• Positive Sentiment: Strong operating momentum: TTM’s latest reported quarter showed revenue of approximately $1.20 billion, up nearly 60% year over year, while earnings exceeded consensus expectations. This growth supports the view that the company’s AI-related demand could remain substantial. TTMI vs. AXTI
• Neutral Sentiment: Options activity signals interest: Traders purchased a large volume of TTMI call options, suggesting that some market participants are positioning for additional upside, though options activity does not guarantee a change in fundamentals. Stock Traders Purchase Large Volume of TTM Technologies Call Options
• Negative Sentiment: Cash-flow and peak-cycle concerns remain: Recent analysis argues that the market is penalizing TTM for cash-flow performance and may be pricing in peak earnings. Heavy insider selling over the past six months, despite purchases by the CEO and another executive, may also weigh on sentiment. The Market Is Punishing the Cash Flow

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TTMI shares. Needham & Company LLC lowered their target price on shares of TTM Technologies from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, October 23rd. Stifel Nicolaus cut their price target on TTM Technologies from $205.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. Wall Street Zen raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Research downgraded TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Truist Financial lowered their price objective on TTM Technologies from $231.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $173.25.

Hedge Funds Weigh In On TTM Technologies

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of TTM Technologies in the second quarter valued at about $2,053,347,000. Rokos Capital Management LLP purchased a new position in TTM Technologies during the first quarter worth about $13,031,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in TTM Technologies by 97.8% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 197,799 shares of the technology company’s stock worth $19,270,000 after purchasing an additional 97,799 shares during the last quarter. Ausbil Investment Management Ltd bought a new stake in TTM Technologies in the 3rd quarter worth about $970,000. Finally, Renaissance Technologies LLC bought a new stake in TTM Technologies in the 1st quarter worth about $36,130,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

About TTM Technologies

TTM Technologies, Inc is a manufacturer of technology solutions and printed circuit boards (PCBs), which are used to connect and support electronic components in a wide range of products. The company produces conventional rigid PCBs as well as high-density interconnect, flexible and rigid-flex circuit boards, and other advanced circuit technologies.

TTM also provides radio-frequency and microwave/microelectronic assembly capabilities, including components and assemblies used in communications, radar and other high-frequency applications.