TTM Technologies (NASDAQ:TTMI) Rating Lowered to “Hold” at Zacks Research

TTM Technologies (NASDAQ:TTMI) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other analysts have also issued reports on TTMI. B. Riley Financial boosted their price objective on shares of TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Wall Street Zen cut shares of TTM Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Truist Financial upped their price objective on shares of TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Stifel Nicolaus upped their price objective on shares of TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday, May 18th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $212.00.

TTM Technologies Trading Up 0.1%

TTMI opened at $187.02 on Monday. The stock has a market capitalization of $19.42 billion, a PE ratio of 101.09 and a beta of 2.09. TTM Technologies has a one year low of $39.20 and a one year high of $223.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.88. The business’s 50 day moving average price is $175.24 and its 200 day moving average price is $121.95.

TTM Technologies (NASDAQ:TTMI) last posted its 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 return on equity of 13.70% and a net margin of 6.29%.The company had revenue of $845.98 million for the quarter, compared to the consensus estimate of $789.84 million. During the same quarter in the previous year, the business earned $0.50 earnings per share. The company’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. As a group, equities research analysts expect that TTM Technologies will post 3.7 EPS for the current year.

Insider Activity at TTM Technologies

In other TTM Technologies news, EVP Shawn A. Powers sold 3,367 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $208.94, for a total transaction of $703,500.98. Following the sale, the executive vice president directly owned 120,801 shares in the company, valued at $25,240,160.94. This represents a 2.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Douglas L. Soder sold 2,874 shares of the stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $208.94, for a total transaction of $600,493.56. Following the sale, the executive vice president directly owned 210,634 shares in the company, valued at $44,009,867.96. This represents a 1.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 82,043 shares of company stock valued at $17,191,859. 1.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On TTM Technologies

Several institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. purchased a new stake in shares of TTM Technologies during the first quarter worth $1,722,000. Parallel Advisors LLC boosted its holdings in 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 purchasing an additional 87 shares during the period. NewEdge Advisors LLC boosted its holdings in 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 purchasing an additional 9,987 shares during the period. Optiver Holding B.V. grew its stake in TTM Technologies by 168.7% during the 1st quarter. Optiver Holding B.V. now owns 532 shares of the technology company’s stock worth $52,000 after purchasing an additional 334 shares in the last quarter. Finally, Montchanin Asset Management LLC purchased a new stake in TTM Technologies during the 1st quarter worth about $201,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Key Stories Impacting TTM Technologies

Here are the key news stories impacting TTM Technologies this week:

• Positive Sentiment: Zacks upgraded TTM Technologies to Strong Buy and also added it to a momentum stock list, which can boost investor sentiment by highlighting improving earnings expectations and price strength. TTM Technologies Strong Buy upgrade article
• Positive Sentiment: Tradr launched leveraged ETFs tied to TTM Technologies, which may increase trading interest and visibility in the name. Tradr leveraged ETF launch article
• Neutral Sentiment: Several TTM Technologies executives and insiders disclosed stock sales over the past few days, but the amounts were relatively small compared with their remaining holdings, so the market may view this as routine profit-taking rather than a major fundamental warning. Insider selling alert article
• Negative Sentiment: Zacks Research downgraded TTMI from Strong Buy to Hold, which could weigh on the stock by signaling less enthusiasm from one analyst source. Zacks downgrade article

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.