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Catherine A. Gridley, Executive Vice President and President of the Aerospace & Defense Business Unit at TTM Technologies Inc. (NASDAQ:TTMI), recently sold shares of the company’s common stock. The transaction, which took place on February 14, 2025, involved the sale of 6,000 shares at a weighted average price of $26.25 per share, amounting to a total of $157,497.
Following this transaction, Gridley holds 125,206 shares of TTM Technologies. The shares were sold on the open market, with prices ranging from $26.18 to $26.30.
In other recent news, TTM Technologies has been making significant strides in its market strategy and revenue diversification. Stifel analysts recently initiated coverage on TTM Technologies with a Buy rating, setting a price target of $33.00, citing TTM’s successful revenue diversification and strategic focus on key customers and segments. The company has also seen a surge in demand for printed circuit boards (PCBs) in its Data Center Computing segment, which experienced a year-over-year increase of 44% in the recent quarter.
Moreover, Truist Securities increased its price target on TTM Technologies to $38.00, maintaining a Buy rating. This adjustment reflects TTM’s robust Q4 performance and a promising first-quarter guidance that exceeded market expectations. Truist Securities also raised its earnings per share (EPS) estimate for TTM for the calendar year 2026 to $2.30.
Needham also raised its price target on TTM Technologies to $33.00, reiterating a Buy rating. Needham highlighted the company’s strong Q4 performance, with a 14% year-over-year revenue increase surpassing both consensus estimates and company guidance. TTM’s management anticipates continued strength in the Aerospace & Defense and Data Center Computing sectors.
These recent developments suggest that TTM Technologies is well-positioned to capitalize on current market demands and future industry shifts. The company’s strategic moves, including the establishment of a new manufacturing site in Malaysia, are expected to be long-term positive catalysts.
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