TTM Technologies (NASDAQ:TTMI) Director Wajid Ali Purchases 10,000 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMI) Director Wajid Ali bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 28th. The stock was acquired at an average cost of $90.25 per share, with a total value of $902,500.00. Following the completion of the acquisition, the director owned 35,835 shares of the company’s stock, valued at $3,234,108.75. This represents a 38.71% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

TTM Technologies Price Performance

TTM Technologies stock opened at $90.79 on Thursday. TTM Technologies, Inc. has a 52-week low of $55.44 and a 52-week high of $223.83. The company has a market cap of $9.56 billion, a price-to-earnings ratio of 36.17 and a beta of 2.14. The firm’s fifty day moving average is $114.49 and its 200 day moving average is $127.46. The company has a quick ratio of 1.49, a current ratio of 1.67 and a debt-to-equity ratio of 0.71.

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

Hedge Funds Weigh In On TTM Technologies

Large investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in TTM Technologies in the 2nd quarter worth about $2,053,347,000. Wellington Management Group LLP lifted its stake in TTM Technologies by 61.9% in the second quarter. Wellington Management Group LLP now owns 2,268,404 shares of the technology company’s stock worth $424,237,000 after purchasing an additional 867,255 shares during the last quarter. Atalan Capital Partners LP purchased a new position in shares of TTM Technologies during the second quarter valued at approximately $189,234,000. Bank of New York Mellon Corp boosted its position in shares of TTM Technologies by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 715,543 shares of the technology company’s stock valued at $69,708,000 after buying an additional 11,610 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of TTM Technologies by 6.5% during the first quarter. Bank of America Corp DE now owns 636,152 shares of the technology company’s stock valued at $61,974,000 after buying an additional 38,710 shares during the period. 95.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TTMI has been the topic of a number of recent research reports. Weiss Ratings downgraded TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Needham & Company LLC dropped their target price on TTM Technologies from $175.00 to $150.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Stifel Nicolaus dropped their target price on TTM Technologies from $205.00 to $165.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Truist Financial cut their target price on TTM Technologies from $231.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Finally, Wall Street Zen upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 24th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $173.25.

Key Stories 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

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.