TTM Technologies Inc's Spoto Sells 3484 Shares at $46.58/Share on 2023-08-12.

TTM Technologies Inc. has announced that Steven Spoto, President and Chief Executive Officer of Integrated Electronics, has sold 3,484 shares at a price of $46.58 per share on August 12, 2025.

TTM Technologies Inc. has announced that Steven Spoto, President and Chief Executive Officer of Integrated Electronics, sold 3,484 shares of the company's common stock on August 12, 2025. The shares were sold at a price of $46.5823 per share, totaling $162,292 [1]. Following the transaction, Spoto directly owns 28,649 shares of TTM Technologies.

This sale comes amidst significant developments for TTM Technologies. The company recently obtained a Cybersecurity Level 2 certification, highlighting its commitment to data security [2]. Additionally, TTM Technologies has reported strong Q2 earnings, with adjusted earnings per share (EPS) of $0.58, surpassing FactSet estimates of $0.52 [2]. The company also expects Q3 revenue to range between $690.0 million and $730.0 million, with adjusted EPS expected to be between $0.57 and $0.63 [2].

In other news, TTM Technologies has announced the retirement plans of its CEO, Thomas T. Edman, and is proceeding with a search for his successor [2]. The company has also made strategic acquisitions, including a facility in Wisconsin and land rights in Malaysia, and has launched a new product, the MSK5065RH - a compact, radiation-hardened switching regulator for high-reliability applications [2].

Analysts have also adjusted their price targets for TTM Technologies. Truist adjusted its price target to $48 from $41, maintaining a buy rating [2]. Needham adjusted its price target to $43 from $35, also maintaining a buy rating [2].

References:
[1] https://www.tradingview.com/news/tradingview:6ed6c2f3354f8:0-ttm-technologies-officer-sells-shares/
[2] https://www.marketscreener.com/news/ttm-technologies-obtains-cybersecurity-level-2-certification-ce7c5eddd881f52d