Ttm Technologies director Ali Wajid buys $902,460 in stock

Ali Wajid, a director at TTM Technologies Inc. (NASDAQ:TTMI), acquired common stock in the company on October 28, 2026. The transactions totaled $902,460 and involved the purchase of 10,000 shares.

The shares were acquired at prices ranging from $89.8571 to $90.635 per share. Specifically, Mr. Wajid purchased 5,000 shares at $89.8571 each and an additional 5,000 shares at $90.635 each.

Following these acquisitions, Mr. Wajid directly holds 35,835 shares of TTM Technologies common stock.The insider purchase comes as TTMI stock trades at $90.79, showing a strong 23% gain over the past week. Yet the stock remains down 34% over the past six months, according to InvestingPro data. The company currently carries a market capitalization of $9.14 billion and trades at a P/E ratio of 36.47.InvestingPro analysis indicates the stock is overvalued relative to its Fair Value, placing it among companies on the Most Overvalued list. Investors seeking deeper insights can access the comprehensive Pro Research Report, available for TTMI and 1,400+ other US equities, which transforms complex data into actionable intelligence.

In other recent news, TTM Technologies reported record third-quarter results, with revenue reaching $1.2 billion, marking a 60% increase from the previous year. The company’s non-GAAP earnings per share rose to $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 its full-year 2026 sales guidance to between $4.47 billion and $4.49 billion, while also planning $400 million in capacity investments, mainly in its Data Center & Networking business.

Analyst firms have responded with mixed actions. B.Riley reiterated a Buy rating with a $208 price target following the strong Q3 performance. Meanwhile, Needham lowered its price target to $150 from $175, citing modest slippage in AI data center revenue. Stifel also reduced its price target to $165 from $205, maintaining a Buy rating. These developments reflect the company’s robust performance but also highlight varying expectations regarding its future growth trajectory.