TTM Technologies (NASDAQ:TTMI) Stock Price Up 6.4% – Still a Buy?

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) shot up 6.4% during trading on Friday . The company traded as high as $67.89 and last traded at $67.1220. 1,040,662 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 1,593,957 shares. The stock had previously closed at $63.10.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Weiss Ratings upgraded TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Needham & Company LLC boosted their price objective on TTM Technologies from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday. B. Riley restated a “buy” rating on shares of TTM Technologies in a report on Thursday, October 30th. Truist Financial lifted their price target on TTM Technologies from $60.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Wall Street Zen lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $65.50.

TTM Technologies Stock Up 8.3%

The stock has a market capitalization of $7.06 billion, a price-to-earnings ratio of 53.95 and a beta of 1.66. The business has a 50-day moving average of $57.83 and a 200-day moving average of $44.87. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.72 and a current ratio of 2.03.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, October 29th. The technology company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. TTM Technologies had a net margin of 4.74% and a return on equity of 13.43%. The company had revenue of $752.74 million during the quarter, compared to analyst estimates of $711.91 million. During the same quarter last year, the firm posted $0.41 earnings per share. TTM Technologies’s revenue was up 22.1% compared to the same quarter last year. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. On average, sell-side analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Insider Transactions at TTM Technologies

In other news, insider Robert P. Farrell sold 3,476 shares of TTM Technologies stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $68.93, for a total value of $239,600.68. Following the completion of the sale, the insider directly owned 20,346 shares of the company’s stock, valued at approximately $1,402,449.78. The trade was a 14.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Wajid Ali bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average cost of $41.75 per share, for a total transaction of $208,750.00. Following the purchase, the director owned 19,024 shares in the company, valued at $794,252. This represents a 35.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 52,469 shares of company stock worth $2,341,471 in the last ninety days. 1.30% of the stock is owned by company insiders.

Institutional Trading of TTM Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of TTM Technologies by 0.5% in the third quarter. Vanguard Group Inc. now owns 13,156,053 shares of the technology company’s stock valued at $757,789,000 after purchasing an additional 60,002 shares during the period. Invesco Ltd. boosted its position in TTM Technologies by 127.7% in the 3rd quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock valued at $277,281,000 after buying an additional 2,699,494 shares during the period. Geode Capital Management LLC grew its stake in shares of TTM Technologies by 0.3% in the second quarter. Geode Capital Management LLC now owns 2,557,256 shares of the technology company’s stock worth $104,399,000 after acquiring an additional 7,814 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of TTM Technologies by 575.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,831,425 shares of the technology company’s stock worth $105,490,000 after acquiring an additional 1,560,394 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of TTM Technologies by 7.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock valued at $34,989,000 after acquiring an additional 115,766 shares in the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.