TTM Technologies (NASDAQ:TTMI) Stock: Insider Wajid Ali Purchases 10,000 Shares

Key Points

• Director Wajid Ali purchased 10,000 TTMI shares at an average price of $90.25, investing $902,500 and increasing his ownership by 38.71% to 35,835 shares.
• TTM Technologies reported strong quarterly results, with revenue rising 59.9% year over year to $1.20 billion and EPS of $1.46, beating analyst expectations of $1.25.
• Shares rose 4.6% to $90.79, while analysts maintained a “Moderate Buy” consensus with an average price target of $173.25, despite some recent rating downgrades and lower targets.

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) Director Wajid Ali purchased 10,000 shares of the business's stock in a transaction dated Wednesday, October 28th. The shares were purchased at an average price of $90.25 per share, for a total transaction of $902,500.00. Following the acquisition, the director owned 35,835 shares of the company's stock, valued at approximately $3,234,108.75. The trade was a 38.71% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

TTM Technologies Stock Up 4.6%

Shares of TTMI traded up $4.01 on Wednesday, hitting $90.79. 4,222,213 shares of the stock traded hands, compared to its average volume of 2,744,385. TTM Technologies, Inc. has a one year low of $55.44 and a one year high of $223.83. The company has a market capitalization of $9.56 billion, a PE ratio of 36.17 and a beta of 2.14. The business has a 50 day simple moving average of $114.49 and a 200 day simple moving average of $127.46. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.49 and a current ratio of 1.67.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The technology company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.21. TTM Technologies had a return on equity of 19.19% and a net margin of 7.01%. The business had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.13 billion. During the same period in the prior year, the firm posted $0.50 EPS. The firm's quarterly revenue was up 59.9% on a year-over-year basis. As a group, equities analysts forecast that TTM Technologies, Inc. will post 4.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TTMI shares. Zacks Research cut TTM Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. Wall Street Zen raised TTM Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Needham & Company LLC lowered their target price on shares of TTM Technologies from $175.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, October 23rd. Weiss Ratings downgraded shares of TTM Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 25th. Finally, Truist Financial dropped their price target on shares of TTM Technologies from $231.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, October 23rd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, TTM Technologies currently has an average rating of "Moderate Buy" and an average target price of $173.25.

Hedge Funds Weigh In On TTM Technologies

Several hedge funds and other institutional investors have recently modified their holdings of TTMI. Harbor Investment Advisory LLC bought a new stake in shares of TTM Technologies in the second quarter worth $29,000. GoalVest Advisory LLC lifted its holdings in TTM Technologies by 456.7% in the second quarter. GoalVest Advisory LLC now owns 167 shares of the technology company's stock valued at $31,000 after acquiring an additional 137 shares during the period. Root Financial Partners LLC bought a new position in TTM Technologies in the third quarter valued at about $31,000. Parallel Advisors LLC boosted its position in TTM Technologies by 36.2% in the first quarter. Parallel Advisors LLC now owns 327 shares of the technology company's stock worth $32,000 after purchasing an additional 87 shares during the last quarter. Finally, Signature Equity Partners LLC purchased a new position in TTM Technologies in the first quarter worth about $40,000. 95.79% of the stock is owned by institutional investors.

More TTM Technologies News

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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