These are top 10 stocks traded on the Robinhood UK platform in July
Philip Titterton, the Executive Vice President and Chief Operating Officer of TTM Technologies Inc. (NASDAQ:TTMI), recently executed a significant stock transaction. According to a Form 4 filing with the Securities and Exchange Commission, Titterton sold 24,792 shares of common stock on February 12, 2025, generating $633,594. The shares were sold at a weighted average price of $25.5564, with the sale conducted under a 10b5-1 Sales Plan designed to facilitate the sale of shares for cash following the vesting of performance-based restricted stock units. The transaction comes as TTM Technologies, currently valued at $2.65 billion, has seen its stock surge 72% over the past year. According to InvestingPro analysis, the stock is trading above its Fair Value, with analysts setting price targets between $33-38.
In addition to the sale, Titterton acquired 36,981 shares on February 11, 2025, at no cost, as part of the vesting of performance-based restricted stock units granted in June 2022. This acquisition brought his total ownership to 194,509 shares before the subsequent sale and tax-related transactions.
On the same day as the sale, Titterton also disposed of 12,189 shares at the same average price of $25.5564, amounting to $311,506, to cover tax liabilities associated with the vesting of the performance-based restricted stock units. Following these transactions, Titterton’s direct ownership of TTM Technologies’ common stock stands at 157,528 shares.
In other recent news, TTM Technologies has been the subject of multiple analyst upgrades and has reported robust earnings and revenue results. Stifel analysts initiated coverage on TTM Technologies with a Buy rating and a price target of $33.00, citing the company’s successful revenue diversification and strategic focus on key customers and segments. Truist Securities increased its price target for TTM Technologies to $38.00, maintaining a Buy rating due to the company’s strong performance and promising future prospects. Needham also raised its price target on TTM Technologies to $33.00, reiterating a Buy rating based on the company’s strong performance in its Aerospace and Defense business.
TTM Technologies posted a significant earnings per share beat in the fourth quarter and reported a 14% year-over-year revenue increase. The company’s strong performance was driven by robust demand in its Aerospace and Defense, Data Center Computing, and Networking end markets. Management at TTM Technologies anticipates continued strength in these sectors, projecting Q1 revenue growth of between 5% and 12% year-over-year.
These are among the recent developments for TTM Technologies. The company’s strategic acquisitions and focus on key sectors have positioned it well to capitalize on current market demands and future industry shifts. Analysts from Stifel, Truist Securities, and Needham have expressed confidence in TTM Technologies’ growth trajectory and market strategy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.