TTM Technologies (NASDAQ:TTMI) Shares Up 8.7% – Here’s What Happened

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) rose 8.7% on Thursday . The stock traded as high as $65.75 and last traded at $66.9260. Approximately 752,559 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 1,649,607 shares. The stock had previously closed at $61.58.

Analyst Ratings Changes

Several brokerages have recently issued reports on TTMI. Weiss Ratings upgraded TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Needham & Company LLC increased their price target on shares of TTM Technologies from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Truist Financial lifted their price objective on shares of TTM Technologies from $60.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. B. Riley increased their target price on shares of TTM Technologies from $75.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Finally, Wall Street Zen cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $73.25.

TTM Technologies Trading Up 8.7%

The business’s fifty day simple moving average is $65.12 and its two-hundred day simple moving average is $51.99. The stock has a market capitalization of $6.92 billion, a P/E ratio of 53.21 and a beta of 1.74. The company has a current ratio of 1.94, a quick ratio of 1.66 and a debt-to-equity ratio of 0.54.

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

Insider Transactions at TTM Technologies

In other TTM Technologies news, Director John G. Mayer sold 9,167 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $68.13, for a total transaction of $624,547.71. Following the completion of the transaction, the director owned 165,140 shares in the company, valued at $11,250,988.20. This trade represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Julie Spicer England sold 3,784 shares of TTM Technologies stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $63.34, for a total value of $239,678.56. Following the sale, the director directly owned 106,541 shares in the company, valued at $6,748,306.94. The trade was a 3.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 20,070 shares of company stock worth $1,348,445. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Optiver Holding B.V. increased its position in shares of TTM Technologies by 66.4% during the 3rd quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock worth $25,000 after purchasing an additional 170 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of TTM Technologies by 448.8% in the 3rd quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock worth $27,000 after acquiring an additional 377 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in TTM Technologies during the 3rd quarter worth approximately $39,000. Quarry LP raised its position in TTM Technologies by 249.9% in the 1st quarter. Quarry LP now owns 2,110 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,507 shares during the last quarter. Finally, Concord Wealth Partners acquired a new position in TTM Technologies in the second quarter worth $47,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

About TTM Technologies

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.