TTM Technologies (NASDAQ:TTMI) Sets New 52-Week High Following Strong Earnings

TTM Technologies, Inc. (NASDAQ:TTMI)’s share price hit a new 52-week high on Thursday following a better than expected earnings announcement. The company traded as high as $162.50 and last traded at $158.8490, with a volume of 91957 shares trading hands. The stock had previously closed at $137.50.

The technology company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. TTM Technologies had a net margin of 6.11% and a return on equity of 13.30%. The company had revenue of $845.98 million during the quarter, compared to the consensus estimate of $789.84 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS.

TTM Technologies News Summary

Here are the key news stories impacting TTM Technologies this week:

• Positive Sentiment: Q1 beat — TTMI reported $0.75 EPS vs. $0.66 consensus and revenue of $845.98M (up ~30% YoY), showing improved profitability and top‑line momentum. Read More.
• Positive Sentiment: Strong Q2 guidance — management set Q2 EPS of $0.82–$0.88 (vs. $0.72 consensus) and revenue guidance of $930–$970M (well above consensus), which is the main catalyst for today’s upside. Read More.
• Positive Sentiment: Analyst coverage — Needham raised its price target to $160 and kept a Buy rating, lending support to the stock (note the PT is roughly in line with the current trading level). Read More.
• Positive Sentiment: Market interest — articles highlighting a ~$1.6B defense backlog and the stock’s multi‑hundred percent run have increased investor attention and momentum flows. Read More.
• Neutral Sentiment: Earnings materials posted — full earnings presentation and transcript are available for deeper review of margins, segment trends and backlog conversion. Read More. • Read More.
• Neutral Sentiment: Media/valuation discussion — several articles are weighing whether the sharp multi‑year rally leaves limited upside, useful reading but not immediate fundamental news. Read More.
• Negative Sentiment: Valuation and risk — TTMI trades at a high P/E (~94) after a large run; rapid expectations and elevated multiples raise the risk of a pullback if execution or bookings disappoint. (Watch cadence on backlog conversion, margins and free cash flow.)

Wall Street Analyst Weigh In

TTMI has been the topic of several recent analyst reports. Needham & Company LLC lifted their target price on shares of TTM Technologies from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Stifel Nicolaus increased their price target on TTM Technologies from $108.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Weiss Ratings raised TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Finally, B. Riley Financial restated a “buy” rating on shares of TTM Technologies in a research note on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.75.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, EVP Daniel J. Weber sold 12,000 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $93.88, for a total transaction of $1,126,560.00. Following the completion of the transaction, the executive vice president directly owned 94,621 shares of the company’s stock, valued at approximately $8,883,019.48. This represents a 11.25% 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 Catherine A. Gridley sold 20,000 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $105.94, for a total value of $2,118,800.00. Following the completion of the sale, the executive vice president directly owned 78,645 shares of the company’s stock, valued at $8,331,651.30. This represents a 20.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 105,150 shares of company stock valued at $10,412,586. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On TTM Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Polar Capital Holdings Plc purchased a new stake in TTM Technologies during the third quarter valued at about $176,376,000. Invesco Ltd. increased its stake in shares of TTM Technologies by 127.7% in the third quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock worth $277,281,000 after purchasing an additional 2,699,494 shares in the last quarter. Whale Rock Capital Management LLC raised its position in shares of TTM Technologies by 112.1% in the fourth quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company’s stock valued at $295,066,000 after purchasing an additional 2,260,035 shares during the period. Castle Hook Partners LP bought a new stake in shares of TTM Technologies in the fourth quarter valued at approximately $133,351,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of TTM Technologies by 575.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,831,425 shares of the technology company’s stock valued at $105,490,000 after buying an additional 1,560,394 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies Stock Up 11.8%

The stock’s 50 day moving average is $107.96 and its 200 day moving average is $86.89. The company has a market capitalization of $15.96 billion, a PE ratio of 91.40 and a beta of 1.76. 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 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.