SANTA ANA, Calif. - TTM Technologies, Inc. (NASDAQ:TTMI), a global manufacturer of technology solutions currently valued at $2.66 billion, has announced a new share repurchase program with plans to buy back up to $100 million of its outstanding common stock. The authorization, effective immediately, extends through May 7, 2027, and follows the expiration of the company’s previous repurchase program on May 3, 2025. According to InvestingPro data, the stock has shown strong momentum with a 46.6% return over the past year.
The company’s management highlighted the initiative as a strategic move, leveraging TTM Technologies’ robust cash flow and strong balance sheet to enhance shareholder value. Financial metrics from InvestingPro support this position, showing a healthy current ratio of 2.07 and liquid assets exceeding short-term obligations. Dan Boehle, Executive Vice President and Chief Financial Officer, expressed that while the company continues to prioritize strategic acquisitions, the new repurchase program offers additional flexibility.
The repurchase plan will be subject to market conditions and other factors, with the company’s management determining the timing, volume, and structure of the buybacks. These could include open market purchases, privately negotiated transactions, and other methods compliant with SEC Rule 10b5-1. The program does not commit TTM Technologies to a specific number of shares to be repurchased and can be suspended or discontinued at the company’s discretion.
TTM Technologies is recognized for its comprehensive technology solutions, including mission systems, radio frequency components, and advanced printed circuit boards. The company’s services are designed to expedite the development and market launch of new products for its customers.
The announcement is based on a press release statement from TTM Technologies and represents a factual recount of the company’s share repurchase plan. The initiative is part of TTM’s broader financial strategy, and while it indicates confidence in the company’s financial health, it is one of many factors that investors consider when evaluating a company’s prospects.
In other recent news, TTM Technologies reported a strong first quarter in 2025, with earnings per share (EPS) of $0.50, surpassing analysts’ expectations of $0.39. The company achieved a 14% year-over-year increase in revenue, totaling $648.7 million, exceeding the anticipated $621.94 million. TTM Technologies’ performance in the Aerospace & Defense and Data Center Computing sectors contributed significantly to these results. Looking ahead, the company projects second-quarter revenue growth of 11% year-over-year, with EPS expected to range from $0.49 to $0.55. Needham has responded to these developments by raising its price target for TTM Technologies to $35, while maintaining a Buy rating. Additionally, TTM Technologies’ founder, Kent Alder, has retired from the board, marking the end of an era of leadership. The company remains focused on expanding its aerospace and defense programs, with new facilities in Malaysia and New York progressing toward operational targets.
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