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

TTM Technologies, Inc. (NASDAQ:TTMI)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $97.08, but opened at $90.23. TTM Technologies shares last traded at $94.1780, with a volume of 189,003 shares trading hands.

Wall Street Analyst Weigh In

TTMI has been the topic of a number of research analyst reports. Needham & Company LLC raised their target price on TTM Technologies from $105.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Truist Financial set a $113.00 price target on TTM Technologies in a report on Wednesday, January 14th. Zacks Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Stifel Nicolaus set a $108.00 target price on shares of TTM Technologies in a research report on Thursday, February 5th. Finally, B. Riley Financial upped their target price 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. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, TTM Technologies presently has an average rating of “Buy” and an average target price of $117.25.

TTM Technologies Trading Down 0.0%

The company has a quick ratio of 1.67, a current ratio of 1.93 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $10.08 billion, a price-to-earnings ratio of 57.41 and a beta of 1.76. The business has a 50-day moving average of $98.14 and a two-hundred day moving average of $77.81.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. TTM Technologies had a return on equity of 13.30% and a net margin of 6.11%.The firm had revenue of $763.53 million during the quarter, compared to analysts’ expectations of $752.96 million. During the same quarter in the prior year, the firm posted $0.60 EPS. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. Research analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Insider Activity at TTM Technologies

In other TTM Technologies news, Director Thomas T. Edman sold 16,800 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $101.62, for a total value of $1,707,216.00. Following the sale, the director owned 855,171 shares of the company’s stock, valued at $86,902,477.02. The trade was a 1.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Weber sold 12,000 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $93.88, for a total transaction of $1,126,560.00. Following the completion of the transaction, the executive vice president owned 94,621 shares of the company’s stock, valued at approximately $8,883,019.48. This represents a 11.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 105,150 shares of company stock worth $9,900,522. 1.30% of the stock is owned by corporate insiders.

Institutional Trading of TTM Technologies

Several institutional investors have recently made changes to their positions in TTMI. Polar Capital Holdings Plc bought a new stake in TTM Technologies in the third quarter valued at about $176,376,000. Invesco Ltd. lifted its stake in TTM Technologies by 127.7% during the third quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock worth $277,281,000 after purchasing an additional 2,699,494 shares during the period. Whale Rock Capital Management LLC lifted its stake in TTM Technologies by 112.1% during the fourth quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company’s stock worth $295,066,000 after purchasing an additional 2,260,035 shares during the period. Castle Hook Partners LP acquired a new stake in TTM Technologies during the fourth quarter valued at approximately $133,351,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in TTM Technologies by 575.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,831,425 shares of the technology company’s stock valued at $105,490,000 after purchasing an additional 1,560,394 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

TTM Technologies Company Profile

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.