TTM Technologies, Inc. (NASDAQ:TTMI – Get Free Report)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $221.50 and last traded at $221.17, with a volume of 12805 shares changing hands. The stock had previously closed at $216.44.
Analyst Upgrades and Downgrades
TTMI has been the subject of several research analyst reports. Truist Financial increased their target price on TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. B. Riley Financial boosted their price target on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Stifel Nicolaus upped their price target on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $212.00.
Read Our Latest Analysis on TTMI
TTM Technologies Stock Performance
TTM Technologies (NASDAQ:TTMI – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.75 EPS 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 firm 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 EPS. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. As a group, sell-side analysts forecast that TTM Technologies, Inc. will post 3.7 earnings per share for the current year.
Insider Activity
In other news, Director Thomas T. Edman sold 16,800 shares of TTM Technologies stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $100.23, for a total value of $1,683,864.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by insiders.
Institutional Trading of TTM Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacer Advisors Inc. bought a new stake in TTM Technologies in the first quarter worth $1,722,000. Parallel Advisors LLC raised its stake in shares of TTM Technologies by 36.2% in the first quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock valued at $32,000 after acquiring an additional 87 shares during the period. NewEdge Advisors LLC raised its stake in shares of TTM Technologies by 385.0% in the first quarter. NewEdge Advisors LLC now owns 12,581 shares of the technology company’s stock valued at $1,226,000 after acquiring an additional 9,987 shares during the period. Optiver Holding B.V. lifted its holdings in shares of TTM Technologies by 168.7% in the 1st quarter. Optiver Holding B.V. now owns 532 shares of the technology company’s stock worth $52,000 after acquiring an additional 334 shares during the last quarter. Finally, Montchanin Asset Management LLC bought a new stake in shares of TTM Technologies in the 1st quarter worth about $201,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.
TTM Technologies Company Profile
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.
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