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

TTM Technologies, Inc. (NASDAQ:TTMI) was the target of some unusual options trading activity on Monday. Traders acquired 7,352 call options on the stock. This represents an increase of approximately 196% compared to the average volume of 2,484 call options.

Insider Activity at TTM Technologies

In other news, Director Thomas T. Edman sold 16,800 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $100.23, for a total value of $1,683,864.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TTM Technologies

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of TTM Technologies by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 13,156,053 shares of the technology company’s stock valued at $757,789,000 after buying an additional 60,002 shares during the period. Invesco Ltd. grew its stake in TTM Technologies by 3.5% in the 4th quarter. Invesco Ltd. now owns 4,980,091 shares of the technology company’s stock valued at $343,626,000 after buying an additional 166,188 shares during the last quarter. Whale Rock Capital Management LLC increased its stake in shares of TTM Technologies by 112.1% in 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. Polar Capital Holdings Plc bought a new position in TTM Technologies in the 3rd quarter worth approximately $176,376,000. Finally, Geode Capital Management LLC raised its stake in 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 valued at $184,119,000 after purchasing an additional 81,588 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

TTM Technologies Price Performance

Shares of TTMI traded up $0.78 during mid-day trading on Monday, hitting $217.22. The company’s stock had a trading volume of 546,900 shares, compared to its average volume of 2,440,277. The stock has a market capitalization of $22.56 billion, a price-to-earnings ratio of 117.33 and a beta of 2.10. TTM Technologies has a fifty-two week low of $35.52 and a fifty-two week high of $223.00. The firm has a 50-day moving average price of $163.49 and a 200 day moving average price of $115.54. 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 (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The business had revenue of $845.98 million during the quarter, compared to analyst estimates of $789.84 million. TTM Technologies had a return on equity of 13.70% and a net margin of 6.29%.The company’s revenue was up 30.4% compared to the same quarter last year. During the same period last year, the company posted $0.50 EPS. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. On average, research analysts predict that TTM Technologies will post 3.7 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on TTMI shares. Needham & Company LLC boosted their price objective on shares of TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday. Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Weiss Ratings restated a “buy (b-)” rating on shares of TTM Technologies in a research note on Monday, May 18th. Wall Street Zen cut shares of TTM Technologies from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, B. Riley Financial increased their price objective on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $212.00.

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.