TTM Technologies (NASDAQ:TTMI) Reaches New 12-Month High – Still a Buy?

TTM Technologies, Inc. (NASDAQ:TTMI) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $73.40 and last traded at $72.0050, with a volume of 1197352 shares changing hands. The stock had previously closed at $66.76.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wall Street Zen downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 19th. Zacks Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. B. Riley upped their target price on shares of TTM Technologies from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday. Weiss Ratings raised shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Finally, Needham & Company LLC boosted their price objective on shares of TTM Technologies from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $73.25.

TTM Technologies Stock Performance

The stock has a market capitalization of $7.42 billion, a P/E ratio of 56.83 and a beta of 1.74. The firm has a 50-day moving average of $62.10 and a 200 day moving average of $48.92. The company has a quick ratio of 1.66, a current ratio of 1.94 and a debt-to-equity ratio of 0.54.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. TTM Technologies had a net margin of 4.74% and a return on equity of 13.21%. The firm had revenue of $752.74 million for the quarter, compared to analyst estimates of $711.91 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. Research analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director John G. Mayer sold 9,167 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $68.13, for a total value of $624,547.71. Following the completion of the transaction, the director directly owned 165,140 shares of the company’s stock, valued at approximately $11,250,988.20. This represents a 5.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Steven Spoto sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $66.95, for a total value of $66,950.00. Following the transaction, the vice president owned 27,649 shares of the company’s stock, valued at $1,851,100.55. This trade represents a 3.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 20,070 shares of company stock valued at $1,348,445 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Optiver Holding B.V. boosted its stake in shares of TTM Technologies by 66.4% in the 3rd quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock valued at $25,000 after purchasing an additional 170 shares in the last quarter. Bessemer Group Inc. lifted its holdings in TTM Technologies by 448.8% during the 3rd quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock valued at $27,000 after purchasing an additional 377 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in TTM Technologies in the third quarter valued at about $39,000. Quarry LP grew its stake in TTM Technologies by 249.9% during the first quarter. Quarry LP now owns 2,110 shares of the technology company’s stock worth $43,000 after buying an additional 1,507 shares during the last quarter. Finally, Concord Wealth Partners acquired a new stake in shares of TTM Technologies during the second quarter worth approximately $47,000. 95.79% of the stock is owned by institutional investors.

TTM Technologies Company Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.