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TTM Technologies Inc. (NASDAQ:TTMI), a $3 billion market cap technology company, recently reported a significant stock sale by its Executive Vice President and General Counsel, Daniel J. Weber. According to InvestingPro data, the stock has shown remarkable strength, gaining nearly 65% over the past year. According to a filing with the Securities and Exchange Commission, Weber sold 20,170 shares of common stock on May 13, 2025. The shares were sold at a weighted average price of $29.51, resulting in a total transaction value of approximately $595,228. The transaction occurred as TTMI trades near its 52-week high of $30.41, with analysts setting price targets between $33 and $36.
Following this sale, Weber retains ownership of 74,983 shares in the company. The transaction was conducted in the open market, with shares sold at prices ranging from $29.45 to $29.59. The filing indicates that Weber is willing to provide detailed information regarding the number of shares sold at each price upon request. InvestingPro analysis suggests the stock is currently in overbought territory, with over 10 additional key insights available to subscribers through their comprehensive Pro Research Report.
In other recent news, TTM Technologies reported a strong first quarter for 2025, surpassing analysts’ expectations with earnings per share (EPS) of $0.50, compared to the forecasted $0.39. The company also achieved revenue of $648.7 million, exceeding the anticipated $621.94 million, marking a 14% year-over-year increase. Needham has raised its price target for TTM Technologies to $35 from $33, maintaining a Buy rating, highlighting the company’s robust performance in the Aerospace & Defense and Data Center Computing sectors. In addition, TTM Technologies announced a $100 million stock buyback program, leveraging its strong cash flow and balance sheet to enhance shareholder value. The company also shared that founder Kent Alder retired from its board, marking the end of an era for TTM Technologies. Despite new tariffs, the company indicated minimal direct impact on revenue and maintained a positive outlook for the second quarter, anticipating an 11% year-over-year revenue growth at the midpoint. The company’s management continues to focus on strategic acquisitions and facility developments in Malaysia and New York.
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