Stock Traders Purchase High Volume of Call Options on TTM Technologies (NASDAQ:TTMI)

TTM Technologies, Inc. (NASDAQ:TTMI) was the target of some unusual options trading on Tuesday. Stock investors bought 9,985 call options on the company. This represents an increase of 287% compared to the typical volume of 2,582 call options.

TTM Technologies Price Performance

Shares of TTMI traded down $3.67 during trading hours on Tuesday, hitting $145.72. The stock had a trading volume of 1,414,718 shares, compared to its average volume of 2,580,855. The company’s fifty day moving average is $177.84 and its two-hundred day moving average is $124.40. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.61. TTM Technologies has a 52 week low of $39.20 and a 52 week high of $223.83. The stock has a market capitalization of $15.13 billion, a price-to-earnings ratio of 78.77 and a beta of 2.10.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.09. The firm had revenue of $845.98 million during the quarter, compared to the consensus estimate of $789.84 million. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period last year, the firm posted $0.50 EPS. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. On average, analysts anticipate that TTM Technologies will post 3.7 EPS for the current year.

Insiders Place Their Bets

In other TTM Technologies news, EVP Catherine A. Gridley sold 8,966 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total value of $1,881,066.80. Following the sale, the executive vice president owned 69,679 shares of the company’s stock, valued at $14,618,654.20. The trade was a 11.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Douglas L. Soder sold 8,902 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $209.79, for a total transaction of $1,867,550.58. Following the completion of the transaction, the executive vice president owned 208,245 shares of the company’s stock, valued at approximately $43,687,718.55. This represents a 4.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 82,043 shares of company stock valued at $17,191,859 in the last ninety days. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TTM Technologies

Large investors have recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp acquired a new position in TTM Technologies during the 4th quarter valued at about $668,000. Geode Capital Management LLC grew its position in shares of TTM Technologies by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 2,667,956 shares of the technology company’s stock worth $184,119,000 after buying an additional 81,588 shares during the period. Royce & Associates LP raised its stake in shares of TTM Technologies by 103.5% during the fourth quarter. Royce & Associates LP now owns 269,046 shares of the technology company’s stock worth $18,564,000 after buying an additional 136,845 shares during the last quarter. Wealth High Governance Capital Ltda raised its stake in shares of TTM Technologies by 408.6% during the fourth quarter. Wealth High Governance Capital Ltda now owns 183,079 shares of the technology company’s stock worth $12,632,000 after buying an additional 147,079 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of TTM Technologies during the 4th quarter valued at $2,767,000. 95.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Truist Financial upped their target price on shares of TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Wall Street Zen cut shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Needham & Company LLC lifted their price objective on TTM Technologies from $208.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, June 18th. B. Riley Financial upped their price objective on TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Stifel Nicolaus increased their target price on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $212.00.

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.