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

TTM Technologies, Inc. (NASDAQ:TTMI) shares gapped down before the market opened on Thursday. The stock had previously closed at $102.15, but opened at $83.75. TTM Technologies shares last traded at $77.9830, with a volume of 2,872,950 shares changing hands.

TTM Technologies News Summary

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

• Positive Sentiment: TTMI delivered record third-quarter results: revenue rose 60% year over year to $1.204 billion, while non-GAAP EPS reached $1.46 versus the $1.25 consensus estimate. GAAP net income increased to $84.8 million from $53.1 million a year earlier. TTM Technologies Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Profitability improved meaningfully, with adjusted EBITDA reaching a record $242.3 million, or 20.1% of sales, compared with 16.1% a year earlier. Data Center and Networking revenue grew 115%, benefiting from AI-related demand, while Aerospace and Defense revenue increased 21% and backlog reached $2.0 billion. TTM Technologies Reports Third Quarter 2026 Results
• Positive Sentiment: Management forecast fourth-quarter revenue of $1.42 billion to $1.44 billion and initiated a preliminary 2027 outlook calling for $6.5 billion to $6.75 billion in revenue and $8.10 to $8.90 in non-GAAP EPS, supporting expectations for continued AI, networking and defense growth. TTM Technologies Fiscal Q3 Results and Outlook
• Neutral Sentiment: TTMI plans to acquire Ophir Optics for $650 million and is also pursuing European PCB acquisitions, while recently closing the STG and Epiq deals. The transactions expand its addressable market but increase execution and integration demands.
• Negative Sentiment: Acquisition financing is raising leverage: pro forma net leverage was 2.8 times adjusted EBITDA after the Epiq transaction. Although management expects leverage to return to its 1.5–2.0 times target range, investors may be concerned about debt and dilution of near-term benefits.
• Negative Sentiment: Reported insider activity is heavily weighted toward sales—241 sales versus two purchases over the past six months—which may add to investor caution, despite purchases by the CEO and another insider.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wall Street Zen lowered TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 30th. Weiss Ratings cut TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Truist Financial upped their target price on shares of TTM Technologies from $224.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, October 13th. Zacks Research lowered shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Needham & Company LLC reduced their target price on shares of TTM Technologies from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Monday, September 21st. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.75.

TTM Technologies Stock Down 26.5%

The firm’s 50-day simple moving average is $119.57 and its 200 day simple moving average is $142.30. The company has a market cap of $7.91 billion, a P/E ratio of 33.50 and a beta of 2.14. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.54 and a current ratio of 1.78.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Thursday, October 22nd. The technology company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.21. TTM Technologies had a return on equity of 15.67% and a net margin of 7.01%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the business posted $0.50 EPS. The firm’s quarterly revenue was up 59.9% on a year-over-year basis. On average, research analysts forecast that TTM Technologies, Inc. will post 4.22 earnings per share for the current fiscal year.

Insider Transactions at TTM Technologies

In related news, SVP Dale Knecht sold 26,198 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $142.00, for a total value of $3,720,116.00. Following the completion of the sale, the senior vice president owned 40,138 shares in the company, valued at approximately $5,699,596. This represents a 39.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Edwin Roks bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was bought at an average cost of $111.77 per share, for a total transaction of $1,117,700.00. Following the purchase, the chief executive officer directly owned 64,814 shares of the company’s stock, valued at approximately $7,244,260.78. This trade represents a 18.24% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of TTM Technologies

A number of hedge funds have recently modified their holdings of TTMI. BlackRock Inc. bought a new position in TTM Technologies during the 2nd quarter worth approximately $2,053,347,000. Wellington Management Group LLP increased its stake in TTM Technologies by 61.9% in the second quarter. Wellington Management Group LLP now owns 2,268,404 shares of the technology company’s stock valued at $424,237,000 after purchasing an additional 867,255 shares in the last quarter. Atalan Capital Partners LP bought a new stake in TTM Technologies in the second quarter valued at approximately $189,234,000. Bank of New York Mellon Corp bought a new stake in TTM Technologies in the second quarter valued at approximately $114,470,000. Finally, Palestra Capital Management LLC acquired a new stake in TTM Technologies in the second quarter worth $105,214,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

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.