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Director Ali Wajid of TTM Technologies Inc (NASDAQ:TTMI), a $4.1 billion market cap company, recently purchased 10,000 shares of the company’s common stock in two transactions, with the total value of $413,209. The insider buying comes as the stock has shown remarkable strength, gaining over 114% in the past year according to InvestingPro data, despite a recent 10% pullback. The prices for these purchases ranged from $40.65 to $41.87.
On August 18, 2025, Wajid acquired 5,000 shares at a weighted average price of $41.748, for a total of $208,740. These shares were bought in multiple transactions, with prices ranging from $41.65 to $41.87. Following this transaction, Wajid directly owned 19,024 shares. Analysts maintain a strong bullish stance on TTMI, with price targets ranging from $55 to $60.
The following day, August 19, 2025, Wajid purchased another 5,000 shares at a weighted average price of $40.8938, for a total of $204,469. These shares were bought in multiple transactions, with prices ranging from $40.65 to $40.99. After this second transaction, Wajid’s direct ownership increased to 24,024 shares. The stock currently trades at a P/E ratio of 43.8, with the company maintaining a FAIR financial health score based on comprehensive analysis available in the Pro Research Report.
In other recent news, TTM Technologies reported its financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved an earnings per share of $0.58, which was higher than the forecasted $0.52. Revenue for the quarter reached $730.6 million, exceeding the anticipated $668.48 million and representing a 21% increase compared to the previous year. Additionally, TTM Technologies announced a leadership change with the appointment of Edwin Roks, Ph.D., as the new President and Chief Executive Officer, effective September 2, 2025. Roks will succeed Thomas T. Edman, who is retiring after leading the company since 2014. Edman will transition to an advisory role to the Chairman until January 1, 2026, and will continue serving on the company’s Board and Government Security Committee thereafter. These developments reflect significant changes and achievements for TTM Technologies in recent times.
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