TTM Technologies (NASDAQ:TTMI) Stock Price Up 5.2% – Here’s Why

TTM Technologies, Inc. (NASDAQ:TTMI)’s share price rose 5.2% on Monday . The company traded as high as $140.34 and last traded at $138.8670. 368,120 shares changed hands during trading, a decline of 86% from the average daily volume of 2,541,978 shares. The stock had previously closed at $132.00.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TTMI shares. Wall Street Zen downgraded TTM Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Needham & Company LLC boosted their price objective on TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Weiss Ratings downgraded TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Stifel Nicolaus lifted their price target on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $212.00.

TTM Technologies Trading Up 10.3%

The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $15.25 billion, a P/E ratio of 79.38 and a beta of 2.10. The business’s fifty day simple moving average is $175.08 and its two-hundred day simple moving average is $129.90.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.09. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. 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 firm posted $0.50 EPS. The business’s revenue 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, analysts forecast that TTM Technologies, Inc. will post 3.66 earnings per share for the current year.

Insider Activity

In other TTM Technologies news, EVP Shawn A. Powers sold 9,856 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total value of $2,067,788.80. Following the completion of the transaction, the executive vice president owned 119,268 shares of the company’s stock, valued at $25,022,426.40. This represents a 7.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Catherine A. Gridley sold 8,966 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total value of $1,881,066.80. Following the completion of the sale, the executive vice president owned 69,679 shares of the company’s stock, valued at $14,618,654.20. This represents a 11.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 82,043 shares of company stock valued at $17,191,859. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. increased its holdings in TTM Technologies by 3.5% in the 4th quarter. Invesco Ltd. now owns 4,980,091 shares of the technology company’s stock valued at $343,626,000 after buying an additional 166,188 shares during the period. Whale Rock Capital Management LLC lifted its holdings in shares of TTM Technologies by 112.1% during the 4th quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company’s stock worth $295,066,000 after acquiring an additional 2,260,035 shares during the period. Polar Capital Holdings Plc bought a new position in shares of TTM Technologies during the 3rd quarter worth about $176,376,000. Geode Capital Management LLC boosted its position in shares of TTM Technologies by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 2,667,956 shares of the technology company’s stock valued at $184,119,000 after acquiring an additional 81,588 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of TTM Technologies by 22.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,237,627 shares of the technology company’s stock valued at $154,396,000 after acquiring an additional 406,202 shares in the last quarter. 95.79% of the stock is owned by 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.