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

TTM Technologies, Inc. (NASDAQ:TTMI)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $88.90 and last traded at $91.1610, with a volume of 1594623 shares. The stock had previously closed at $77.89.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TTMI shares. Zacks Research downgraded shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Truist Financial increased their target price on shares of TTM Technologies from $78.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Weiss Ratings upgraded shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Needham & Company LLC upped their price target on TTM Technologies from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Finally, B. Riley increased their price objective on TTM Technologies from $75.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, TTM Technologies has an average rating of “Moderate Buy” and a consensus target price of $76.50.

TTM Technologies Stock Up 17.9%

The firm has a market capitalization of $9.49 billion, a price-to-earnings ratio of 73.65 and a beta of 1.74. The company has a quick ratio of 1.66, a current ratio of 1.94 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average price is $69.34 and its 200 day moving average price is $56.55.

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

Insider Transactions at TTM Technologies

In related news, Director John G. Mayer sold 9,167 shares of the company’s 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 sale, the director owned 165,140 shares in the company, valued at $11,250,988.20. This represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Julie Spicer England sold 3,784 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $63.34, for a total transaction of $239,678.56. Following the transaction, the director directly owned 106,541 shares of the company’s stock, valued at $6,748,306.94. This represents a 3.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 36,870 shares of company stock valued at $2,520,245 over the last quarter. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On TTM Technologies

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

About TTM Technologies

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.