TTM Technologies (NASDAQ:TTMI) Sets New 52-Week High – Here’s What Happened

TTM Technologies, Inc. (NASDAQ:TTMI)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $127.68 and last traded at $131.0410, with a volume of 130055 shares changing hands. The stock had previously closed at $126.24.

Analyst Upgrades and Downgrades

TTMI has been the subject of a number of recent research reports. B. Riley Financial increased their price target on shares of TTM Technologies from $81.00 to $123.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Weiss Ratings upgraded shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. Needham & Company LLC increased their target price on shares of TTM Technologies from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Stifel Nicolaus raised their price target on TTM Technologies from $108.00 to $135.00 and gave the stock a “buy” rating in a report on Monday. Finally, Zacks Research downgraded TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $124.00.

TTM Technologies Trading Up 0.6%

The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.67 and a current ratio of 1.93. The stock has a market capitalization of $13.19 billion, a PE ratio of 75.38 and a beta of 1.76. The business’s 50-day moving average is $101.27 and its two-hundred day moving average is $82.76.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, February 4th. The technology company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. The company had revenue of $763.53 million during the quarter, compared to analysts’ expectations of $752.96 million. TTM Technologies had a net margin of 6.11% and a return on equity of 13.30%. The business’s revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the business earned $0.60 EPS. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. As a group, equities research analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Insider Activity at TTM Technologies

In other news, Director Thomas T. Edman sold 16,800 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $100.23, for a total transaction of $1,683,864.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Catherine A. Gridley sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $105.94, for a total value of $2,118,800.00. Following the completion of the sale, the executive vice president directly owned 78,645 shares of the company’s stock, valued at $8,331,651.30. This represents a 20.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 105,150 shares of company stock worth $10,412,586 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its position in shares of TTM Technologies by 66.6% during the 1st quarter. Royal Bank of Canada now owns 26,433 shares of the technology company’s stock worth $543,000 after purchasing an additional 10,565 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of TTM Technologies by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,087 shares of the technology company’s stock valued at $1,232,000 after purchasing an additional 2,632 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of TTM Technologies by 7.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock valued at $34,989,000 after purchasing an additional 115,766 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in TTM Technologies by 7.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,563 shares of the technology company’s stock worth $3,908,000 after buying an additional 13,691 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in TTM Technologies by 1,150.2% during the first quarter. Jane Street Group LLC now owns 139,889 shares of the technology company’s stock worth $2,869,000 after buying an additional 128,700 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

TTM Technologies Company Profile

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system?level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.