TTM Technologies (NASDAQ:TTMI) Trading Down 9.4% – Here’s What Happened

TTM Technologies, Inc. (NASDAQ:TTMI) shares fell 9.4% during trading on Thursday . The company traded as low as $63.73 and last traded at $63.9050. 1,525,633 shares were traded during trading, a decline of 4% from the average session volume of 1,587,786 shares. The stock had previously closed at $70.50.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Stifel Nicolaus lifted their price target on TTM Technologies from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Needham & Company LLC raised their target price on shares of TTM Technologies from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday. Truist Financial upped their price target on shares of TTM Technologies from $60.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Wall Street Zen cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 19th. Finally, Weiss Ratings upgraded shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $65.50.

TTM Technologies Price Performance

The stock has a fifty day moving average of $57.49 and a two-hundred day moving average of $44.75. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 50.87 and a beta of 1.66. The company has a quick ratio of 1.72, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, October 29th. The technology company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. TTM Technologies had a net margin of 4.74% and a return on equity of 13.43%. The company had revenue of $752.74 million for the quarter, compared to analyst estimates of $711.91 million. During the same period in the previous year, the firm earned $0.41 EPS. The business’s revenue was up 22.1% on a year-over-year basis. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. On average, equities research analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Insider Transactions at TTM Technologies

In related news, insider Robert P. Farrell sold 3,476 shares of TTM Technologies stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $68.93, for a total transaction of $239,600.68. Following the completion of the transaction, the insider directly owned 20,346 shares of the company’s stock, valued at approximately $1,402,449.78. The trade was a 14.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Catherine A. Gridley sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $44.31, for a total value of $886,200.00. Following the completion of the sale, the executive vice president directly owned 81,986 shares in the company, valued at $3,632,799.66. This trade represents a 19.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 52,469 shares of company stock worth $2,341,471 over the last quarter. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Optiver Holding B.V. grew its stake in TTM Technologies by 66.4% in the 3rd quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock valued at $25,000 after acquiring an additional 170 shares during the last quarter. Bessemer Group Inc. raised its position in TTM Technologies by 448.8% during the third quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock worth $27,000 after acquiring an additional 377 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of TTM Technologies in the third quarter valued at about $39,000. Quarry LP grew its position in shares of TTM Technologies by 249.9% in the first quarter. Quarry LP now owns 2,110 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,507 shares during the last quarter. Finally, Concord Wealth Partners acquired a new stake in shares of TTM Technologies in the second quarter valued at approximately $47,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.