TTM Technologies (NASDAQ:TTMI) EVP Sells $1,011,500.00 in Stock

Key Points

• TTM Technologies EVP Catherine Gridley sold 25,000 shares at an average price of $40.46, totaling over $1 million, representing a 19.69% decrease in her ownership.
• The company exceeded analysts' earnings estimates with a reported $0.58 earnings per share for the latest quarter, alongside a 20.7% year-over-year revenue increase.
• TTM Technologies also announced a $100 million share repurchase plan, indicating management's belief that its stock is undervalued.

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) EVP Catherine A. Gridley sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $40.46, for a total value of $1,011,500.00. Following the completion of the transaction, the executive vice president owned 101,986 shares of the company's stock, valued at $4,126,353.56. The trade was a 19.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

TTM Technologies Price Performance

Shares of NASDAQ:TTMI traded down $0.34 during midday trading on Monday, reaching $44.09. 1,421,246 shares of the company were exchanged, compared to its average volume of 1,305,692. The company has a current ratio of 2.03, a quick ratio of 1.72 and a debt-to-equity ratio of 0.56. The business's fifty day moving average is $42.91 and its two-hundred day moving average is $31.03. TTM Technologies, Inc. has a one year low of $15.77 and a one year high of $51.15. The stock has a market cap of $4.56 billion, a PE ratio of 48.99 and a beta of 1.48.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.06. TTM Technologies had a net margin of 3.52% and a return on equity of 11.80%. The firm had revenue of $730.62 million during the quarter, compared to analyst estimates of $668.42 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. TTM Technologies's revenue for the quarter was up 20.7% on a year-over-year basis. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. As a group, analysts predict that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

TTM Technologies declared that its Board of Directors has authorized a share buyback program on Friday, May 9th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the technology company to buy up to 3.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Institutional Investors Weigh In On TTM Technologies

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in shares of TTM Technologies by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 2,557,256 shares of the technology company's stock worth $104,399,000 after acquiring an additional 7,814 shares during the last quarter. Invesco Ltd. lifted its holdings in TTM Technologies by 55.7% during the 2nd quarter. Invesco Ltd. now owns 2,114,409 shares of the technology company's stock valued at $86,310,000 after buying an additional 756,702 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in TTM Technologies by 7.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company's stock valued at $34,989,000 after buying an additional 115,766 shares in the last quarter. Nuveen LLC bought a new stake in TTM Technologies during the 1st quarter valued at about $31,763,000. Finally, Emerald Advisers LLC lifted its holdings in TTM Technologies by 34.3% during the 1st quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company's stock valued at $29,533,000 after buying an additional 367,798 shares in the last quarter. Institutional investors own 95.79% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of 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 reiterated a "buy" rating and set a $56.00 price objective on shares of TTM Technologies in a research report on Friday, August 15th. B. Riley increased their price objective on shares of TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Wall Street Zen upgraded shares of TTM Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Finally, Truist Financial increased their price objective on shares of TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $52.25.

TTM Technologies Company Profile

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.