How are energy investors positioned?
Douglas L. Soder, Executive Vice President and President at TTM Technologies Inc. (NASDAQ:TTMI), reported a sale of common stock according to a recent SEC filing. The transaction comes as TTM’s stock has shown remarkable strength, gaining nearly 50% over the past six months and reaching close to its 52-week high of $30.41. On February 6, Soder sold 28 shares at a price of $30 each, totaling $840. This transaction was executed as part of a pre-planned 10b5-1 Sales Plan. Following this sale, Soder holds 179,465 shares directly. With analysts setting price targets between $33 and $38, and the company receiving a strong buy consensus, TTM continues to show promise. InvestingPro analysis reveals 12 additional key insights about TTM’s valuation and growth prospects.
In other recent news, TTM Technologies has been the focus of positive analyst attention. Truist Securities raised its price target for TTM Technologies to $38, maintaining a Buy rating. The adjustment was based on the company’s robust fourth quarter and promising first quarter guidance, as well as structural improvements and anticipated growth from AI applications. Truist also increased its earnings per share (EPS) estimate for the company for the calendar year 2026.
Simultaneously, Needham lifted its TTM Technologies stock target to $33, also maintaining a Buy rating. The firm highlighted the company’s strong performance in its Aerospace and Defense business and improvements in its broad Commercial business. Needham’s analysts predict double-digit EPS growth for TTM Technologies in 2026.
In other recent developments, TTM Technologies reported Q4 earnings and revenue that surpassed analyst expectations. The company posted adjusted earnings per share of $0.60, beating the analyst consensus of $0.43, and revenue of $651 million, a 14.4% year-over-year increase. The company’s strong performance was driven by robust demand in its Aerospace and Defense, Data Center Computing, and Networking end markets. Looking ahead, TTM Technologies provided guidance for the first quarter of 2025, projecting revenue between $600 million and $640 million, with adjusted earnings per share in the range of $0.37 to $0.43.
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