TTM Technologies (NASDAQ:TTMI) Shares Gap Down – Here’s What Happened

TTM Technologies, Inc. (NASDAQ:TTMI)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $96.22, but opened at $87.05. TTM Technologies shares last traded at $94.0940, with a volume of 1,219,346 shares trading hands.

Key Headlines Impacting TTM Technologies

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

• Positive Sentiment: Q4 beat — TTMI reported $0.70 EPS vs. $0.68 consensus and revenue of $763.5M (up 19% YoY), showing momentum across end markets. This confirms stronger demand and drove initial investor enthusiasm. Read More.
• Positive Sentiment: Outlook raised — Management set Q1 FY2026 EPS guidance of $0.640–$0.700 (consensus ~$0.57) and revenue guidance of $770–$810M (above ~ $738.8M est.), implying continued top-line strength into the new quarter. Read More.
• Positive Sentiment: Analyst upside — Needham bumped its price target (to $125) and reiterated a buy; other firms likewise raised targets/ratings after results, supplying further buy-side catalyst. Read More.
• Neutral Sentiment: Calls & transcripts published — The company’s earnings call transcript and slide deck are available for review (useful for detail on end-market exposure, AI-related demand commentary and margin cadence). Read More.
• Neutral Sentiment: Media narrative — Several outlets flagged AI-driven demand and record-ish results; these stories help broaden investor awareness but don’t change fundamentals by themselves. Read More.
• Negative Sentiment: Insider selling — Director Thomas Edman sold 16,800 shares at ~ $96, a disclosed sale that some investors interpret as profit-taking or reduced insider conviction. Read More.
• Negative Sentiment: Rich valuation & profit-taking — TTMI is trading at an elevated multiple (PE well above historical averages). After the post-earnings rally, some investors appear to be taking profits, pressuring the share price despite the beat and raised guidance. (Volume is below average today, suggesting selective selling.)

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TTMI shares. Weiss Ratings restated a “buy (b-)” rating on shares of TTM Technologies in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. Needham & Company LLC boosted their target price on shares of TTM Technologies from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday. B. Riley increased their price target on shares of TTM Technologies from $81.00 to $123.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Truist Financial set a $113.00 target price on TTM Technologies in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $104.00.

TTM Technologies Stock Performance

The stock has a 50-day moving average price of $80.34 and a 200 day moving average price of $62.97. The firm has a market capitalization of $9.72 billion, a price-to-earnings ratio of 75.08 and a beta of 1.75. The company has a quick ratio of 1.66, a current ratio of 1.94 and a debt-to-equity ratio of 0.54.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. TTM Technologies had a net margin of 4.74% and a return on equity of 13.21%. The company had revenue of $763.53 million during the quarter, compared to analysts’ expectations of $752.96 million. During the same quarter in the previous year, the business posted $0.60 EPS. The firm’s revenue was up 19.0% on a year-over-year basis. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. On average, analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling at TTM Technologies

In related news, Director Julie Spicer England sold 3,784 shares of TTM Technologies stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $63.34, for a total transaction of $239,678.56. Following the completion of the sale, the director owned 106,541 shares in the company, valued at approximately $6,748,306.94. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anthony Joseph Sandeen sold 2,000 shares of TTM Technologies stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $67.30, for a total transaction of $134,600.00. Following the sale, the insider owned 41,442 shares of the company’s stock, valued at approximately $2,789,046.60. This trade represents a 4.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 49,194 shares of company stock worth $3,828,510. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of TTM Technologies

Hedge funds have recently added to or reduced their stakes in the business. Optiver Holding B.V. boosted its holdings in TTM Technologies by 66.4% in the 3rd quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock worth $25,000 after acquiring an additional 170 shares during the period. Bessemer Group Inc. raised its stake in shares of TTM Technologies by 448.8% in the 3rd quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock valued at $27,000 after purchasing an additional 377 shares in the last quarter. Rakuten Securities Inc. bought a new position in shares of TTM Technologies during the fourth quarter worth about $32,000. Wolff Wiese Magana LLC acquired a new stake in TTM Technologies during the fourth quarter valued at approximately $34,000. Finally, Danske Bank A S acquired a new position in shares of TTM Technologies in the 4th quarter valued at about $34,000. 95.79% of the stock is owned by institutional investors and hedge funds.

About TTM Technologies

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.