TTM Technologies CFO Sells Nearly 6,000 Shares as the Company Prepares for a Costly Acquisition
Key Points
The transaction involved 5,890 shares with an estimated value of ~$660,500 as of the August 25, 2026 transaction date.
The traded shares were equal to 8% of the equity stake held before the filing.
The disposition left the insider with 69,165 directly-held shares.
Daniel L. Boehle, Chief Financial Officer of TTM Technologies, Inc. (NASDAQ:TTMI), disposed of 5,890 shares of common stock on August 25, 2026, according to an SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Transaction value | $660,500 |
| Shares sold | 5,890 |
| Post-transaction shares (directly held) | 69,165 |
| Post-transaction value | $7.77 million |
Transaction value based on SEC Form 4 weighted average sale price ($112.14); post-transaction value based on August 25, 2026 market close ($112.30).
Key questions
- What prompted this disposition of common stock?
The sale was non-discretionary, executed solely to satisfy tax withholding obligations as a result of the vesting of restricted stock units (RSUs), and does not reflect the insider's view on the stock. - How much direct equity does Daniel Boehle retain?
Following this transaction, the CFO maintains direct ownership of 69,165 shares of common stock, valued at $7.77 million as of the August 25, 2026 market close. - Was this trade part of a pre-arranged schedule?
Yes, the shares were withheld pursuant to a Rule 10b5-1 sales plan, a mechanism often used by executives to automate the sale of shares for tax or liquidity purposes. - What has been the recent performance of TTM Technologies stock?
As of the August 25, 2026 transaction date, the company had achieved a one-year total return of 155%.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-08-24) | $107.12 |
| Market Capitalization | $11.1 billion |
| Revenue (TTM) | $3.4 billion |
| Net Income (TTM) | $236.8 million |
Company Snapshot
- TTM Technologies manufactures and distributes a comprehensive portfolio of printed circuit boards (PCBs) and RF&S components, including conventional and high-density interconnect (HDI) designs, substrate-like (SLP) boards, flexible and rigid-flex solutions, and specialized RF and microwave circuits.
- The company serves as a critical supplier of interconnect and component solutions to manufacturers across multiple industries.
- TTM Technologies serves a diverse customer base in the technology, telecommunications, aerospace, defense, and industrial sectors, with a global operational footprint supporting enterprise-level clients requiring advanced PCB and RF component solutions.
TTM Technologies operates as a global leader in advanced printed circuit board manufacturing and RF component production. The company has demonstrated significant momentum, with trailing 12-month revenue of $3.4 billion and net income of $236.8 million, reflecting strong operational execution in a capital-intensive manufacturing environment.
TTM's competitive positioning is anchored in its specialized manufacturing capabilities for complex PCB designs and RF solutions, serving mission-critical applications across high-growth end markets, and why the company's initials stand for "time to market."
What this transaction means for investors
CFO Daniel Boehle's Aug. 25 sale of TTM Technologies stock for $112.14 per share is not a red flag for investors, since it was a non-discretionary transaction to meet tax withholding obligations related to the vesting of RSUs.
An RSU is a form of compensation where a company promises to give an employee shares of stock at a future date. When that vesting date arrives, as was the case here, a "sell to cover" transaction occurs to pay for the related taxes.
TTM Technologies stock is down significantly from its multi-year high of $223.83 reached back in June. The company's announcement that it was acquiring EPIQ Design Solutions for a hefty price of $1.1 billion raised concerns among investors. TTM exited the second quarter with nearly $1 billion in debt on its balance sheet already.
TTM is making the acquisition to strengthen its artificial intelligence offerings. The AI tailwind enabled the company to achieve an all-time quarterly sales record of $1 billion in the second quarter.
Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.