TTM Technologies (NASDAQ:TTMI) Director Buys $208,750.00 in Stock

Key Points

• TTM Technologies Director Wajid Ali purchased 5,000 shares at an average price of $41.75, totaling $208,750, increasing his ownership by 35.65% to 19,024 shares.
• The company's stock has experienced a decline of 3.0%, trading at $40.57, with a twelve-month high of $51.15.
• TTM Technologies recently reported earnings per share of $0.58, exceeding estimates, and set guidance for Q3 2025 at $0.570-0.630 EPS.

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) Director Wajid Ali acquired 5,000 shares of TTM Technologies stock in a transaction on Monday, August 18th. The shares were bought at an average price of $41.75 per share, for a total transaction of $208,750.00. Following the purchase, the director owned 19,024 shares of the company's stock, valued at $794,252. This represents a 35.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

TTM Technologies Stock Down 3.0%

NASDAQ TTMI traded down $1.2550 on Tuesday, hitting $40.5650. 1,442,935 shares of the stock traded hands, compared to its average volume of 1,276,451. The stock has a 50-day moving average of $42.48 and a 200 day moving average of $30.57. TTM Technologies, Inc. has a twelve month low of $15.77 and a twelve month high of $51.15. The company has a market capitalization of $4.19 billion, a P/E ratio of 45.10 and a beta of 1.48. The company has a current ratio of 2.03, a quick ratio of 1.72 and a debt-to-equity ratio of 0.56.

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

TTM Technologies declared that its board has initiated a share repurchase program on Friday, May 9th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 3.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

TTMI has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $56.00 target price on shares of TTM Technologies in a report on Friday. Wall Street Zen raised TTM Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Truist Financial increased their price objective on TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a research report on Monday, July 7th. B. Riley increased their price objective on TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Finally, Stifel Nicolaus lifted their price target on TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $52.25.

Institutional Trading of TTM Technologies

A number of institutional investors and hedge funds have recently modified their holdings of TTMI. Quarry LP increased its position in shares of TTM Technologies by 249.9% during 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 period. USA Financial Formulas grew its stake in shares of TTM Technologies by 119.1% in the 1st quarter. USA Financial Formulas now owns 2,237 shares of the technology company's stock valued at $46,000 after purchasing an additional 1,216 shares during the period. Concord Wealth Partners bought a new stake in shares of TTM Technologies in the 2nd quarter valued at approximately $47,000. EverSource Wealth Advisors LLC grew its stake in shares of TTM Technologies by 52.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,244 shares of the technology company's stock valued at $51,000 after purchasing an additional 430 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings in shares of TTM Technologies by 808.9% in the 4th quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company's stock worth $79,000 after acquiring an additional 2,831 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors.

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.

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