TTM Technologies, Inc. (NASDAQ:TTMI) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $212.00.

Several analysts recently weighed in on the company. Zacks Research downgraded TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Stifel Nicolaus lifted their price objective on TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. 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. Weiss Ratings cut TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Finally, B. Riley Financial raised their price target on TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, May 28th.

TTM Technologies Price Performance

Shares of TTMI opened at $123.71 on Tuesday. The stock has a market cap of $12.85 billion, a PE ratio of 66.87 and a beta of 2.10. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.88. TTM Technologies has a fifty-two week low of $39.20 and a fifty-two week high of $223.83. The firm’s 50-day simple moving average is $172.63 and its two-hundred day simple moving average is $131.78.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, April 29th. The technology company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. The business had revenue of $845.98 million during the quarter, compared to the consensus estimate of $789.84 million. During the same quarter last year, the firm earned $0.50 earnings per share. The business’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. Analysts anticipate that TTM Technologies will post 3.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other TTM Technologies news, EVP Daniel J. Weber sold 8,533 shares of TTM Technologies stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total value of $1,790,223.40. Following the completion of the transaction, the executive vice president directly owned 86,088 shares of the company’s stock, valued at approximately $18,061,262.40. The trade was a 9.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Douglas L. Soder sold 8,902 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $209.79, for a total transaction of $1,867,550.58. Following the completion of the transaction, the executive vice president owned 208,245 shares in the company, valued at approximately $43,687,718.55. This represents a 4.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 82,043 shares of company stock worth $17,191,859 over the last quarter. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On TTM Technologies

A number of institutional investors have recently made changes to their positions in TTMI. Invesco Ltd. increased its position in shares of TTM Technologies by 3.5% during the fourth quarter. Invesco Ltd. now owns 4,980,091 shares of the technology company’s stock valued at $343,626,000 after acquiring an additional 166,188 shares in the last quarter. Whale Rock Capital Management LLC lifted its position in TTM Technologies by 112.1% in the 4th quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company’s stock valued at $295,066,000 after acquiring an additional 2,260,035 shares in the last quarter. Polar Capital Holdings Plc bought a new position in TTM Technologies in the 3rd quarter valued at approximately $176,376,000. Geode Capital Management LLC boosted its stake in TTM Technologies by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 2,667,956 shares of the technology company’s stock valued at $184,119,000 after purchasing an additional 81,588 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in TTM Technologies by 22.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,237,627 shares of the technology company’s stock valued at $154,396,000 after purchasing an additional 406,202 shares during the last quarter. Hedge funds and other 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.