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

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) gapped down before the market opened on Thursday. The stock had previously closed at $102.15, but opened at $83.75. TTM Technologies shares last traded at $77.9830, with a volume of 2,872,950 shares trading hands.

Key Headlines Impacting TTM Technologies

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

• Positive Sentiment: TTMI delivered record third-quarter results: revenue rose 60% year over year to $1.204 billion, while non-GAAP EPS reached $1.46 versus the $1.25 consensus estimate. GAAP net income increased to $84.8 million from $53.1 million a year earlier. TTM Technologies Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Profitability improved meaningfully, with adjusted EBITDA reaching a record $242.3 million, or 20.1% of sales, compared with 16.1% a year earlier. Data Center and Networking revenue grew 115%, benefiting from AI-related demand, while Aerospace and Defense revenue increased 21% and backlog reached $2.0 billion. TTM Technologies Reports Third Quarter 2026 Results
• Positive Sentiment: Management forecast fourth-quarter revenue of $1.42 billion to $1.44 billion and initiated a preliminary 2027 outlook calling for $6.5 billion to $6.75 billion in revenue and $8.10 to $8.90 in non-GAAP EPS, supporting expectations for continued AI, networking and defense growth. TTM Technologies Fiscal Q3 Results and Outlook
• Neutral Sentiment: TTMI plans to acquire Ophir Optics for $650 million and is also pursuing European PCB acquisitions, while recently closing the STG and Epiq deals. The transactions expand its addressable market but increase execution and integration demands.
• Negative Sentiment: Acquisition financing is raising leverage: pro forma net leverage was 2.8 times adjusted EBITDA after the Epiq transaction. Although management expects leverage to return to its 1.5–2.0 times target range, investors may be concerned about debt and dilution of near-term benefits.
• Negative Sentiment: Reported insider activity is heavily weighted toward sales—241 sales versus two purchases over the past six months—which may add to investor caution, despite purchases by the CEO and another insider.

Analyst Ratings Changes

TTMI has been the topic of a number of research reports. Needham & Company LLC dropped their price target on shares of TTM Technologies from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Monday, September 21st. Weiss Ratings cut shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Zacks Research downgraded TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Truist Financial raised their price objective on TTM Technologies from $224.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, October 13th. Finally, Wall Street Zen lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 30th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $204.75.

TTM Technologies Stock Down 26.5%

The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 33.50 and a beta of 2.14. The firm has a fifty day moving average price of $119.57 and a 200 day moving average price of $142.30. The company has a current ratio of 1.78, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Thursday, October 22nd. The technology company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.21. TTM Technologies had a return on equity of 15.67% and a net margin of 7.01%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the firm posted $0.50 EPS. The business’s revenue was up 59.9% on a year-over-year basis. Sell-side analysts anticipate that TTM Technologies, Inc. will post 4.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other TTM Technologies news, CEO Edwin Roks purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was acquired at an average cost of $111.77 per share, with a total value of $1,117,700.00. Following the completion of the acquisition, the chief executive officer directly owned 64,814 shares of the company’s stock, valued at $7,244,260.78. This represents a 18.24% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Dale Knecht sold 26,198 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $142.00, for a total transaction of $3,720,116.00. Following the transaction, the senior vice president owned 40,138 shares in the company, valued at approximately $5,699,596. This trade represents a 39.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On TTM Technologies

A number of large investors have recently modified their holdings of TTMI. Root Financial Partners LLC acquired a new stake in shares of TTM Technologies in the third quarter valued at approximately $31,000. SBI Securities Co. Ltd. lifted its holdings in TTM Technologies by 14.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,591 shares of the technology company’s stock worth $195,000 after buying an additional 201 shares in the last quarter. Reyes Financial Architecture Inc. bought a new position in TTM Technologies in the 3rd quarter valued at $47,000. Quadrant Capital Group LLC boosted its position in TTM Technologies by 18.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 5,875 shares of the technology company’s stock valued at $682,000 after buying an additional 904 shares during the last quarter. Finally, Capstone Capital Management Ltd boosted its position in TTM Technologies by 180.3% in the 3rd quarter. Capstone Capital Management Ltd now owns 11,137 shares of the technology company’s stock valued at $1,368,000 after buying an additional 7,164 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

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.