TTM Technologies (NASDAQ:TTMI) Shares Gap Down – Should You Sell?

TTM Technologies, Inc. (NASDAQ:TTMI)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $96.22, but opened at $87.05. TTM Technologies shares last traded at $94.0940, with a volume of 1,219,346 shares changing hands.

Key Stories Impacting TTM Technologies

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

• Positive Sentiment: Q4 beat — TTMI reported $0.70 EPS vs. $0.68 consensus and revenue of $763.5M (up 19% YoY), showing momentum across end markets. This confirms stronger demand and drove initial investor enthusiasm. Read More.
• Positive Sentiment: Outlook raised — Management set Q1 FY2026 EPS guidance of $0.640–$0.700 (consensus ~$0.57) and revenue guidance of $770–$810M (above ~ $738.8M est.), implying continued top-line strength into the new quarter. Read More.
• Positive Sentiment: Analyst upside — Needham bumped its price target (to $125) and reiterated a buy; other firms likewise raised targets/ratings after results, supplying further buy-side catalyst. Read More.
• Neutral Sentiment: Calls & transcripts published — The company’s earnings call transcript and slide deck are available for review (useful for detail on end-market exposure, AI-related demand commentary and margin cadence). Read More.
• Neutral Sentiment: Media narrative — Several outlets flagged AI-driven demand and record-ish results; these stories help broaden investor awareness but don’t change fundamentals by themselves. Read More.
• Negative Sentiment: Insider selling — Director Thomas Edman sold 16,800 shares at ~ $96, a disclosed sale that some investors interpret as profit-taking or reduced insider conviction. Read More.
• Negative Sentiment: Rich valuation & profit-taking — TTMI is trading at an elevated multiple (PE well above historical averages). After the post-earnings rally, some investors appear to be taking profits, pressuring the share price despite the beat and raised guidance. (Volume is below average today, suggesting selective selling.)

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TTMI shares. Needham & Company LLC lifted their price objective on TTM Technologies from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday. Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of TTM Technologies in a research note on Wednesday, January 21st. B. Riley boosted their target price on shares of TTM Technologies from $81.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Truist Financial set a $113.00 price target on TTM Technologies in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $104.00.

TTM Technologies Price Performance

The stock has a market capitalization of $9.72 billion, a PE ratio of 75.08 and a beta of 1.75. The stock’s 50 day moving average price is $80.34 and its 200-day moving average price is $62.97. The company has a quick ratio of 1.66, a current ratio of 1.94 and a debt-to-equity ratio of 0.54.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. The company had revenue of $763.53 million during the quarter, compared to analysts’ expectations of $752.96 million. TTM Technologies had a net margin of 4.74% and a return on equity of 13.21%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 EPS. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. As a group, equities analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling at TTM Technologies

In other news, Director Thomas T. Edman sold 16,800 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $96.12, for a total value of $1,614,816.00. Following the completion of the sale, the director owned 783,406 shares in the company, valued at approximately $75,300,984.72. The trade was a 2.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert P. Farrell sold 643 shares of TTM Technologies stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $66.98, for a total transaction of $43,068.14. Following the transaction, the insider directly owned 19,406 shares in the company, valued at approximately $1,299,813.88. The trade was a 3.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 49,194 shares of company stock worth $3,828,510. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On TTM Technologies

A number of hedge funds have recently made changes to their positions in TTMI. Optiver Holding B.V. lifted its position in shares of TTM Technologies by 66.4% during the third quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock valued at $25,000 after buying an additional 170 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of TTM Technologies by 448.8% in the 3rd quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock worth $27,000 after purchasing an additional 377 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in TTM Technologies in the fourth quarter worth about $32,000. Wolff Wiese Magana LLC purchased a new position in shares of TTM Technologies in the 4th quarter valued at approximately $34,000. Finally, Danske Bank A S acquired a new stake in TTM Technologies in the 4th quarter worth approximately $34,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

TTM Technologies Company Profile

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.