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TTM Technologies Inc. (NASDAQ:TTMI) President Robert P. Farrell recently executed a stock sale as part of a pre-established trading plan. On February 18, Farrell sold 460 shares of TTM Technologies’ common stock at a price of $26.33 per share, amounting to a total of $12,111. The transaction comes as TTM’s stock has shown remarkable strength, delivering a 66% return over the past year. According to InvestingPro data, analysts maintain a strong buy consensus with price targets ranging from $33 to $38. This sale was conducted under a 10b5-1 Sales Plan, which allows insiders to set up a predetermined schedule for selling stocks.
In addition to this transaction, Farrell also disposed of 260 shares, valued at $6,845, to cover tax liabilities related to the vesting of restricted stock units (RSUs). Following these transactions, Farrell’s direct ownership in TTM Technologies stands at 21,298 shares.
In other recent news, TTM Technologies reported fourth-quarter earnings and revenue that surpassed analyst expectations, with adjusted earnings per share of $0.60, exceeding the consensus of $0.43. The company achieved revenue of $651 million, outperforming estimates of $630.6 million and reflecting a 14.4% increase from the previous year. This strong performance was primarily driven by demand in the Aerospace and Defense, Data Center Computing, and Networking markets, with Data Center Computing revenues reaching a record 22% of total company revenues. Looking forward, TTM Technologies projected first-quarter 2025 revenue between $600 million and $640 million, with the midpoint exceeding analyst consensus, and anticipated adjusted earnings per share between $0.37 and $0.43. Stifel initiated coverage on TTM Technologies with a Buy rating and a $33 target, citing successful revenue diversification and strategic acquisitions as key factors. Truist Securities raised its price target to $38 while maintaining a Buy rating, noting structural improvements and growth from AI applications. Similarly, Needham increased its price target to $33, highlighting strong performance in the Aerospace and Defense sector and projecting double-digit EPS growth in 2026.
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