TTM Technologies (NASDAQ:TTMI) Shares Gap Up – What’s Next?

TTM Technologies, Inc. (NASDAQ:TTMI) gapped up prior to trading on Tuesday . The stock had previously closed at $133.17, but opened at $141.78. TTM Technologies shares last traded at $140.5160, with a volume of 102,997 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TTMI shares. Needham & Company LLC raised their target price on TTM Technologies from $208.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Weiss Ratings cut TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Truist Financial increased their price objective on shares of TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Wall Street Zen lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Zacks Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, TTM Technologies has an average rating of “Moderate Buy” and an average target price of $212.00.

TTM Technologies Trading Down 1.5%

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.88. The business’s 50 day moving average price is $174.60 and its 200-day moving average price is $130.43. The firm has a market cap of $15.03 billion, a price-to-earnings ratio of 78.22 and a beta of 2.10.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $845.98 million during the quarter, compared to the consensus estimate of $789.84 million. TTM Technologies had a return on equity of 13.70% and a net margin of 6.29%.The company’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period last year, the firm earned $0.50 earnings per share. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. Equities analysts expect that TTM Technologies, Inc. will post 3.66 EPS for the current year.

Insider Buying and Selling

In other news, EVP Daniel J. Weber sold 8,533 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total value of $1,790,223.40. Following the completion of the sale, the executive vice president directly owned 86,088 shares in the company, valued at approximately $18,061,262.40. The trade was a 9.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Dale Martin Knecht sold 6,754 shares of the company’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 sale, the senior vice president directly owned 68,350 shares in the company, valued at approximately $14,339,146.50. This represents a 8.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 82,043 shares of company stock worth $17,191,859. 1.30% of the stock is currently owned by insiders.

Institutional Trading of TTM Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Harbor Investment Advisory LLC acquired a new position in shares of TTM Technologies in the 2nd quarter valued at about $29,000. Kestra Advisory Services LLC acquired a new stake in TTM Technologies during the fourth quarter worth about $30,000. Truvestments Capital LLC acquired a new stake in TTM Technologies during the fourth quarter worth about $30,000. GoalVest Advisory LLC lifted its holdings in TTM Technologies by 456.7% in the second quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock worth $31,000 after acquiring an additional 137 shares during the last quarter. Finally, Rakuten Securities Inc. bought a new position in TTM Technologies in the fourth quarter worth about $32,000. 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.