TTM Technologies (NASDAQ:TTMI) CEO Buys 5,000 Shares of Stock

Key Points

• CEO Edwin Roks bought 5,000 TTM Technologies shares at an average price of $88.07, investing $440,350 and increasing his ownership by 8.41% to 64,483 shares.
• TTM reported strong quarterly results, with revenue rising nearly 60% year over year to $1.20 billion and earnings of $1.46 per share, beating analyst expectations.
• Analysts maintain a “Moderate Buy” consensus with a $173.25 average price target, although concerns about cash flow, potential peak-cycle earnings and recent insider selling remain.

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) CEO Edwin Roks acquired 5,000 shares of the company's stock in a transaction that occurred on Wednesday, October 28th. The shares were acquired at an average price of $88.07 per share, with a total value of $440,350.00. Following the completion of the transaction, the chief executive officer owned 64,483 shares in the company, valued at $5,679,017.81. The trade was a 8.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Edwin Roks also recently made the following trade(s):

• On Tuesday, August 25th, Edwin Roks acquired 10,000 shares of TTM Technologies stock. The stock was acquired at an average cost of $111.77 per share, for a total transaction of $1,117,700.00.

TTM Technologies Price Performance

TTMI stock traded up $4.01 during trading on Wednesday, reaching $90.79. 4,222,213 shares of the company were exchanged, compared to its average volume of 2,744,385. The company has a 50-day moving average of $114.49 and a two-hundred day moving average of $127.46. The company has a market capitalization of $9.56 billion, a price-to-earnings ratio of 36.17 and a beta of 2.14. TTM Technologies, Inc. has a twelve month low of $55.44 and a twelve month high of $223.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.67 and a quick ratio of 1.49.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its 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. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. TTM Technologies had a net margin of 7.01% and a return on equity of 19.19%. The company's quarterly revenue was up 59.9% on a year-over-year basis. During the same quarter last year, the business posted $0.50 earnings per share. As a group, equities analysts predict that TTM Technologies, Inc. will post 4.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TTM Technologies

Large investors have recently bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of TTM Technologies by 48.0% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 29,000 shares of the technology company's stock valued at $3,562,000 after purchasing an additional 9,400 shares during the period. Hanseatic Management Services Inc. boosted its position in shares of TTM Technologies by 1.8% during the 3rd quarter. Hanseatic Management Services Inc. now owns 9,494 shares of the technology company's stock worth $1,166,000 after purchasing an additional 167 shares in the last quarter. North Dakota State Investment Board grew its stake in shares of TTM Technologies by 4.0% in the 3rd quarter. North Dakota State Investment Board now owns 3,121 shares of the technology company's stock valued at $383,000 after buying an additional 119 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of TTM Technologies by 8.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 30,173 shares of the technology company's stock valued at $3,706,000 after buying an additional 2,400 shares during the period. Finally, Park Avenue Securities LLC increased its position in TTM Technologies by 11.4% in the 3rd quarter. Park Avenue Securities LLC now owns 3,155 shares of the technology company's stock valued at $388,000 after buying an additional 322 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Stifel Nicolaus cut their price objective on TTM Technologies from $205.00 to $165.00 and set a "buy" rating on the stock in a report on Friday, October 23rd. Zacks Research cut TTM Technologies from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. Needham & Company LLC dropped their target price on shares of TTM Technologies from $175.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, October 23rd. Wall Street Zen upgraded TTM Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, Weiss Ratings lowered TTM Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $173.25.

TTM Technologies News Roundup

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

• Positive Sentiment: New $100 million buyback authorized: TTM completed its prior $100 million repurchase, buying approximately 1.16 million shares at an average price of $86.31, and authorized another $100 million program running through October 2027. The new authorization may support earnings per share and signals management’s confidence in future growth. TTM Announces Completion of Existing 2025 Share Repurchase Program and Authorization of New $100 Million Program
• Positive Sentiment: AI infrastructure exposure remains a bullish theme: Recent commentary portrays TTM’s printed circuit boards, substrates, RF products and advanced interconnects as increasingly important to AI data-center and high-performance computing infrastructure. Analysts and commentators point to additional growth from the ramp of the company’s N+M products. TTM Technologies: PCB Commodity To AI Backbone
• Positive Sentiment: Strong operating momentum: TTM’s latest reported quarter showed revenue of approximately $1.20 billion, up nearly 60% year over year, while earnings exceeded consensus expectations. This growth supports the view that the company’s AI-related demand could remain substantial. TTMI vs. AXTI
• Neutral Sentiment: Options activity signals interest: Traders purchased a large volume of TTMI call options, suggesting that some market participants are positioning for additional upside, though options activity does not guarantee a change in fundamentals. Stock Traders Purchase Large Volume of TTM Technologies Call Options
• Negative Sentiment: Cash-flow and peak-cycle concerns remain: Recent analysis argues that the market is penalizing TTM for cash-flow performance and may be pricing in peak earnings. Heavy insider selling over the past six months, despite purchases by the CEO and another executive, may also weigh on sentiment. The Market Is Punishing the Cash Flow

TTM Technologies Company Profile

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.

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