Wall Street Zen Upgrades TTM Technologies (NASDAQ:TTMI) to “Buy”

TTM Technologies (NASDAQ:TTMI) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Other research analysts have also issued research reports about the stock. Truist Financial upped their price target on shares of TTM Technologies from $215.00 to $224.00 and gave the company a “buy” rating in a research note on Thursday. Needham & Company LLC upped their target price on TTM Technologies from $208.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. B. Riley Financial lifted their price target on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Stifel Nicolaus boosted their price target on TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, TTM Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.25.

TTM Technologies Price Performance

TTMI stock opened at $137.21 on Friday. TTM Technologies has a 1-year low of $39.20 and a 1-year high of $223.83. The business’s 50 day simple moving average is $161.95 and its 200 day simple moving average is $134.02. The company has a current ratio of 1.78, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $14.46 billion, a PE ratio of 61.81 and a beta of 2.15.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.10. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $962.04 million. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. The company’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.58 earnings per share. TTM Technologies has set its Q3 2026 guidance at 1.210-1.270 EPS. As a group, research analysts anticipate that TTM Technologies will post 3.63 EPS for the current year.

Insider Buying and Selling at TTM Technologies

In related news, EVP Shawn A. Powers sold 3,367 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total value of $703,500.98. Following the transaction, the executive vice president owned 120,801 shares in the company, valued at approximately $25,240,160.94. This trade represents a 2.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Weber sold 2,915 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $208.94, for a total transaction of $609,060.10. Following the sale, the executive vice president directly owned 88,250 shares of the company’s stock, valued at $18,438,955. This represents a 3.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 82,043 shares of company stock valued at $17,191,859 over the last ninety days. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TTM Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in TTMI. BlackRock Inc. bought a new stake in TTM Technologies during the second quarter worth $2,053,347,000. Polar Capital Holdings Plc acquired a new position in shares of TTM Technologies during the 3rd quarter worth $176,376,000. Invesco Ltd. raised its holdings in shares of TTM Technologies by 127.7% during the 3rd quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock worth $277,281,000 after buying an additional 2,699,494 shares in the last quarter. Whale Rock Capital Management LLC lifted its position in shares of TTM Technologies by 112.1% during the 4th quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company’s stock worth $295,066,000 after buying an additional 2,260,035 shares during the last quarter. Finally, Castle Hook Partners LP acquired a new stake in TTM Technologies in the fourth quarter valued at about $133,351,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

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.