Philip G. Franklin, a member of the board of directors at TTM Technologies Inc. (NASDAQ:TTMI), has disclosed a recent purchase of company stock, according to a regulatory filing. The transaction, dated November 5, 2026, involved the acquisition of 5,000 shares of common stock at a price of $61.92 per share, for a total value of $309,600.
Following the purchase, Franklin directly holds 161,725 shares of TTM Technologies common stock. The filing was signed by Daniel J. Weber, Attorney-in-Fact, on November 9, 2026.
Since the transaction date, the stock has appreciated to $79.14, though it remains down 56% over the past six months. With a market capitalization of $8.35 billion and a price-to-earnings ratio of 31.89, data indicates the stock is currently overvalued relative to its Fair Value.
The insider buy comes amid a busy period for TTM Technologies. The company reported record third-quarter 2026 results, with revenue reaching $1.2 billion, a 60% increase from the previous year. Non-GAAP earnings per share came in at $1.46, surpassing Wall Street estimates of $1.26. Adjusted EBITDA reached $242.3 million, with margins exceeding 20% for the first time.
Management has raised full-year 2026 sales guidance to a range of $4.47 billion to $4.49 billion. Additionally, TTM Technologies announced $400 million in planned capacity investments, primarily focused on its Data Center & Networking business.
In analyst updates, B. Riley reiterated a Buy rating with a $208 price target following the earnings beat. However, Needham adjusted its price target to $150 from $175 due to a slight delay in AI data center revenue, while maintaining a Buy rating. Stifel also lowered its price target to $165 from $205, citing a valuation update, but kept a Buy rating on the stock.
These developments reflect TTM Technologies' strong performance and strategic investments amidst varying analyst perspectives.