TTM Technologies (NASDAQ:TTMI) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of TTM Technologies (NASDAQ:TTMI) from a buy rating to a strong-buy rating in a research report released on Saturday.

TTMI has been the subject of a number of other research reports. Truist Financial boosted their price target on shares of TTM Technologies from $41.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. B. Riley reissued a “buy” rating on shares of TTM Technologies in a research note on Friday. Weiss Ratings lowered shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Needham & Company LLC boosted their price objective on shares of TTM Technologies from $56.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Finally, Zacks Research lowered shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.50.

TTM Technologies Stock Performance

Shares of TTMI stock opened at $53.58 on Friday. The stock has a market capitalization of $5.54 billion, a P/E ratio of 59.53 and a beta of 1.63. The company has a current ratio of 2.03, a quick ratio of 1.72 and a debt-to-equity ratio of 0.56. The firm’s 50 day moving average is $49.03 and its 200 day moving average is $37.69. TTM Technologies has a 12 month low of $15.77 and a 12 month high of $62.60.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. TTM Technologies had a net margin of 3.52% and a return on equity of 11.80%. The company had revenue of $730.62 million during the quarter, compared to analyst estimates of $668.42 million. During the same period last year, the business earned $0.39 earnings per share. TTM Technologies’s revenue was up 20.7% compared to the same quarter last year. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. On average, sell-side analysts anticipate that TTM Technologies will post 1.76 earnings per share for the current year.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, insider Tom Clapprood sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $44.68, for a total transaction of $670,200.00. Following the transaction, the insider owned 23,531 shares in the company, valued at approximately $1,051,365.08. This represents a 38.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven Spoto sold 3,484 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $46.58, for a total transaction of $162,284.72. Following the transaction, the insider owned 28,649 shares in the company, valued at $1,334,470.42. This represents a 10.84% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,477 shares of company stock worth $2,867,405. 1.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On TTM Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in TTM Technologies by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 2,557,256 shares of the technology company’s stock valued at $104,399,000 after acquiring an additional 7,814 shares during the period. Invesco Ltd. lifted its stake in shares of TTM Technologies by 55.7% in the 2nd quarter. Invesco Ltd. now owns 2,114,409 shares of the technology company’s stock worth $86,310,000 after purchasing an additional 756,702 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of TTM Technologies by 7.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock worth $34,989,000 after purchasing an additional 115,766 shares during the period. Nuveen LLC bought a new position in shares of TTM Technologies in the 1st quarter worth approximately $31,763,000. Finally, Emerald Advisers LLC increased its holdings in TTM Technologies by 34.3% in the 1st quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company’s stock worth $29,533,000 after acquiring an additional 367,798 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

TTM Technologies Company Profile

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.