TTM Technologies (NASDAQ:TTMI) Lowered to Hold Rating by Zacks Research

Zacks Research lowered shares of TTM Technologies (NASDAQ:TTMI) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. B. Riley Financial boosted their price objective on shares of TTM Technologies from $81.00 to $123.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Stifel Nicolaus set a $108.00 price objective on shares of TTM Technologies in a report on Thursday, February 5th. Weiss Ratings upgraded shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Needham & Company LLC boosted their price objective on shares of TTM Technologies from $105.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, Truist Financial set a $113.00 price target on shares of TTM Technologies in a report on Wednesday, January 14th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.25.

TTM Technologies Stock Up 3.8%

Shares of NASDAQ TTMI opened at $99.29 on Monday. The stock has a market cap of $10.31 billion, a P/E ratio of 58.75 and a beta of 1.76. The firm has a 50 day moving average price of $98.30 and a 200 day moving average price of $79.31. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.67 and a current ratio of 1.93. TTM Technologies has a 52-week low of $17.18 and a 52-week high of $113.46.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The firm 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 for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. Analysts expect that TTM Technologies will post 1.76 EPS for the current year.

Insider Activity

In other news, Director Thomas T. Edman sold 16,800 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $100.23, for a total value of $1,683,864.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Catherine A. Gridley sold 20,000 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $105.94, for a total transaction of $2,118,800.00. Following the completion of the sale, the executive vice president directly owned 78,645 shares in the company, valued at approximately $8,331,651.30. This represents a 20.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 105,150 shares of company stock worth $10,412,586 over the last quarter. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of TTM Technologies

A number of institutional investors have recently made changes to their positions in TTMI. Royal Bank of Canada lifted its position in shares of TTM Technologies by 66.6% in the first 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. raised its position in TTM Technologies by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,087 shares of the technology company’s stock worth $1,232,000 after acquiring an additional 2,632 shares in the last quarter. Goldman Sachs Group Inc. raised its position in TTM Technologies by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock worth $34,989,000 after acquiring an additional 115,766 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position 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 acquiring an additional 13,691 shares in the last quarter. Finally, Jane Street Group LLC raised its position 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 acquiring an additional 128,700 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

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.