TTM Technologies (NASDAQ:TTMI) Downgraded to Buy Rating by Wall Street Zen

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

A number of other research firms also recently issued reports on TTMI. Stifel Nicolaus increased their target price on shares of TTM Technologies from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. B. Riley reissued a “buy” rating on shares of TTM Technologies in a research report on Friday, October 10th. Needham & Company LLC lifted their target price on shares of TTM Technologies from $56.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Truist Financial upped their price target on shares of TTM Technologies from $41.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Finally, Weiss Ratings downgraded TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, TTM Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $54.50.

TTM Technologies Stock Down 2.2%

Shares of NASDAQ TTMI opened at $57.16 on Friday. The stock has a market capitalization of $5.91 billion, a PE ratio of 63.51 and a beta of 1.63. The company has a quick ratio of 1.72, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average of $50.31 and a 200-day moving average of $39.08. TTM Technologies has a 52-week low of $15.77 and a 52-week high of $62.60.

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

Insider Buying and Selling at TTM Technologies

In related news, insider Robert P. Farrell sold 1,500 shares of TTM Technologies stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $46.69, for a total value of $70,035.00. Following the completion of the transaction, the insider directly owned 23,822 shares in the company, valued at approximately $1,112,249.18. This trade represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tom Clapprood sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $44.68, for a total value of $670,200.00. Following the transaction, the insider directly owned 23,531 shares in the company, valued at approximately $1,051,365.08. This represents a 38.93% 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 valued at $2,867,405. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of TTM Technologies

Large investors have recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of TTM Technologies by 0.3% during the second quarter. Geode Capital Management LLC now owns 2,557,256 shares of the technology company’s stock valued at $104,399,000 after purchasing an additional 7,814 shares in the last quarter. Invesco Ltd. raised its position in shares of TTM Technologies by 55.7% during the 2nd quarter. Invesco Ltd. now owns 2,114,409 shares of the technology company’s stock worth $86,310,000 after buying an additional 756,702 shares in the last quarter. 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 acquiring an additional 115,766 shares during the period. Nuveen LLC bought a new position in shares of TTM Technologies in the first quarter valued at approximately $31,763,000. Finally, Emerald Advisers LLC raised its holdings in TTM Technologies by 34.3% during the first quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company’s stock worth $29,533,000 after purchasing an additional 367,798 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

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.