TTM Technologies (NASDAQ:TTMI) Shares Up 7% – Here’s Why

TTM Technologies, Inc. (NASDAQ:TTMI)’s stock price rose 7% during trading on Friday . The company traded as high as $142.59 and last traded at $142.2730. Approximately 272,335 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 2,355,238 shares. The stock had previously closed at $132.98.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Truist Financial set a $113.00 target price on TTM Technologies in a research note on Wednesday, January 14th. Stifel Nicolaus lifted their price objective on TTM Technologies from $108.00 to $135.00 and gave the stock a “buy” rating in a report on Monday. Weiss Ratings upgraded TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. Finally, Needham & Company LLC increased their target price on shares of TTM Technologies from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Five research 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.com, TTM Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

TTM Technologies Price Performance

The business has a fifty day moving average of $103.96 and a 200-day moving average of $84.33. The company has a current ratio of 1.93, a quick ratio of 1.67 and a debt-to-equity ratio of 0.52. The firm has a market cap of $15.37 billion, a PE ratio of 87.68 and a beta of 1.76.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, February 4th. The technology company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. TTM Technologies had a return on equity of 13.30% and a net margin of 6.11%.The business had revenue of $763.53 million during the quarter, compared to analyst estimates of $752.96 million. During the same quarter in the previous year, the firm earned $0.60 EPS. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. As a group, research analysts predict that TTM Technologies, Inc. will post 2.94 earnings per share for the current year.

Insiders Place Their Bets

In other TTM Technologies news, Director Thomas T. Edman sold 16,800 shares of the firm’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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Catherine A. Gridley sold 20,000 shares of the 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 owned 78,645 shares in the company, valued at $8,331,651.30. This trade represents a 20.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 105,150 shares of company stock worth $10,412,586 in the last three months. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TTM Technologies

Institutional investors have recently made changes to their positions in the stock. Optiver Holding B.V. raised 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 valued at $25,000 after buying an additional 170 shares in the last quarter. Bessemer Group Inc. raised its position in TTM Technologies by 448.8% during the third quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock valued at $27,000 after purchasing an additional 377 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of TTM Technologies during the fourth quarter valued at about $30,000. Truvestments Capital LLC bought a new position in shares of TTM Technologies during the fourth quarter valued at about $30,000. Finally, Rakuten Securities Inc. bought a new stake in shares of TTM Technologies in the 4th quarter valued at about $32,000. Institutional investors own 95.79% of the company’s stock.

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.