Insider Selling: TTM Technologies (NASDAQ:TTMI) EVP Sells 25,000 Shares of 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 Gridley sold 25,000 shares of TTM Technologies stock in a transaction dated 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 sale, the executive vice president directly owned 101,986 shares in the company, valued at approximately $4,126,353.56. This trade represents a 19.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

TTM Technologies Stock Performance

TTMI stock traded down $0.5630 during trading on Wednesday, reaching $39.9370. 514,622 shares of the stock were exchanged, compared to its average volume of 1,278,407. 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 stock has a 50 day simple moving average of $42.57 and a 200-day simple moving average of $30.64. The company has a market capitalization of $4.13 billion, a P/E ratio of 44.38 and a beta of 1.48. TTM Technologies, Inc. has a twelve month low of $15.77 and a twelve month high of $51.15.

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

TTM Technologies declared that its board has initiated a share repurchase plan on Friday, May 9th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the technology company to reacquire up to 3.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TTMI shares. 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. B. Riley lifted their target price on shares of TTM Technologies from $36.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Truist Financial lifted their target price on shares of TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Stifel Nicolaus lifted their target price on shares of TTM Technologies from $40.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $56.00 target price on shares of TTM Technologies in a report on Friday, August 15th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $52.25.

Hedge Funds Weigh In On TTM Technologies

Several large investors have recently modified their holdings of TTMI. Focus Partners Wealth grew its holdings in shares of TTM Technologies by 1.1% during the first quarter. Focus Partners Wealth now owns 31,944 shares of the technology company's stock valued at $655,000 after buying an additional 343 shares during the last quarter. Yousif Capital Management LLC grew its holdings in shares of TTM Technologies by 1.0% during the second quarter. Yousif Capital Management LLC now owns 38,027 shares of the technology company's stock valued at $1,552,000 after buying an additional 374 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of TTM Technologies by 52.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,244 shares of the technology company's stock valued at $51,000 after buying an additional 430 shares during the last quarter. KLP Kapitalforvaltning AS grew its holdings in shares of TTM Technologies by 2.4% during the second quarter. KLP Kapitalforvaltning AS now owns 21,200 shares of the technology company's stock valued at $865,000 after buying an additional 500 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of TTM Technologies by 4.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,949 shares of the technology company's stock valued at $345,000 after buying an additional 555 shares during the last quarter. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.