TTM Technologies director Wajid Ali buys $631,541 in common stock
Investing.com ·
TTM Technologies director Wajid Ali buys $631,541 in common stock
Wajid Ali, a director at TTM Technologies Inc. (NASDAQ:TTMI), recently acquired 10,000 shares of the company’s common stock for a total value of $631,541. The transaction took place on November 5, 2026.
The shares were purchased at prices ranging from $63.04 to $63.25 per share. The timing is notable as the stock has declined 25% over the past week and 62% over six months, according to InvestingPro data. Following this acquisition, Mr. Ali directly holds 45,835 shares of TTM Technologies common stock. The company currently trades at a P/E ratio of 25.3 with a PEG ratio of just 0.29, and InvestingPro analysis indicates the stock is undervalued relative to its Fair Value. For investors seeking deeper insights, InvestingPro offers 15 additional exclusive tips and comprehensive financial metrics for TTMI.
In other recent news, TTM Technologies reported record third-quarter results for 2026, with revenue reaching $1.2 billion, a 60% increase from the previous year. The company also posted non-GAAP earnings per share of $1.46, surpassing Wall Street estimates of $1.26. Adjusted EBITDA reached a record $242.3 million, with the margin expanding to 20.1%. Management has raised the full-year 2026 sales guidance to between $4.47 billion and $4.49 billion. B.Riley reiterated a Buy rating and maintained a $208 price target following these results, highlighting the company’s strong performance in the aerospace and defense sectors. However, Needham lowered its price target to $150 from $175, citing a modest delay in AI data center revenue. Stifel also reduced its price target to $165 from $205, while maintaining a Buy rating, focusing on valuation adjustments. TTM Technologies plans an additional $400 million in capacity investments, mainly for its Data Center & Networking business, indicating ongoing growth initiatives.
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