TTM Technologies (NASDAQ:TTMI – Get Free Report) updated its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.210-1.270 for the period, compared to the consensus estimate of 1.090. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on TTMI shares. Zacks Research cut TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Wall Street Zen downgraded TTM Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. B. Riley Financial increased their price objective on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Weiss Ratings downgraded shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Finally, Truist Financial boosted their target price on TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $212.00.
Check Out Our Latest Stock Analysis on TTM Technologies
TTM Technologies Trading Down 1.2%
Insiders Place Their Bets
In other TTM Technologies news, SVP Dale Martin Knecht sold 6,754 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $209.79, for a total value of $1,416,921.66. Following the transaction, the senior vice president directly owned 68,350 shares of the company’s stock, valued at approximately $14,339,146.50. This trade represents a 8.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Douglas L. Soder sold 8,902 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $209.79, for a total transaction of $1,867,550.58. Following the sale, the executive vice president owned 208,245 shares of the company’s stock, valued at $43,687,718.55. The trade was a 4.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 82,043 shares of company stock valued at $17,191,859 over the last three months. 1.30% of the stock is owned by insiders.
Institutional Trading of TTM Technologies
Institutional investors and hedge funds have recently modified their holdings of the stock. Scotia Capital Inc. bought a new stake in TTM Technologies in the third quarter valued at approximately $231,000. Mangrove Partners IM LLC bought a new stake in shares of TTM Technologies in the 4th quarter valued at $230,000. Larson Financial Group LLC raised its stake in TTM Technologies by 4.4% during the 3rd quarter. Larson Financial Group LLC now owns 3,978 shares of the technology company’s stock worth $229,000 after buying an additional 167 shares during the period. WINTON GROUP Ltd bought a new position in TTM Technologies during the fourth quarter worth about $228,000. Finally, Shelton Capital Management acquired a new position in TTM Technologies in the third quarter valued at about $213,000. 95.79% of the stock is owned by institutional investors.
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.
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