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

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

A number of other equities analysts have also recently commented on TTMI. Truist Financial lifted their target price on shares of TTM Technologies from $78.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Needham & Company LLC lifted their price objective on TTM Technologies from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. B. Riley boosted their target price on TTM Technologies from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Wall Street Zen lowered TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 19th. Finally, Weiss Ratings raised TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $76.50.

TTM Technologies Stock Performance

NASDAQ:TTMI opened at $70.42 on Monday. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 55.89 and a beta of 1.74. The business has a 50 day moving average of $67.69 and a 200 day moving average of $54.45. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.94 and a quick ratio of 1.66. TTM Technologies has a 1-year low of $15.77 and a 1-year high of $80.58.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $752.74 million for the quarter, compared to analysts’ expectations of $711.91 million. TTM Technologies had a net margin of 4.74% and a return on equity of 13.21%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the business earned $0.41 earnings per share. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. On average, sell-side analysts predict that TTM Technologies will post 1.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Anthony Joseph Sandeen sold 2,000 shares of TTM Technologies stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $67.30, for a total value of $134,600.00. Following the sale, the insider directly owned 41,442 shares in the company, valued at approximately $2,789,046.60. This trade represents a 4.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Julie Spicer England sold 3,784 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $63.34, for a total value of $239,678.56. Following the transaction, the director directly owned 106,541 shares in the company, valued at $6,748,306.94. This trade represents a 3.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 20,070 shares of company stock worth $1,348,445. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On TTM Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Optiver Holding B.V. increased its position in shares of TTM Technologies by 66.4% during the third quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock valued at $25,000 after buying an additional 170 shares during the period. Bessemer Group Inc. grew its holdings in shares of TTM Technologies by 448.8% during the 3rd quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock worth $27,000 after acquiring an additional 377 shares during the period. Salomon & Ludwin LLC bought a new position in shares of TTM Technologies in the 3rd quarter worth approximately $39,000. Quarry LP lifted its stake in shares of TTM Technologies by 249.9% in the 1st quarter. Quarry LP now owns 2,110 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,507 shares during the period. Finally, Concord Wealth Partners bought a new stake in shares of TTM Technologies during the second quarter valued at approximately $47,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

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.