TTM Technologies (NASDAQ:TTMI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of TTM Technologies (NASDAQ:TTMI) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday morning.

Several other brokerages have also issued reports on TTMI. Weiss Ratings lowered TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Stifel Nicolaus raised their target price on TTM Technologies from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Needham & Company LLC raised their price objective on TTM Technologies from $56.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Truist Financial raised their price objective on TTM Technologies from $41.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Finally, Zacks Research lowered shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.50.

TTM Technologies Stock Up 3.6%

Shares of NASDAQ TTMI opened at $55.53 on Friday. The company has a 50 day simple moving average of $49.25 and a 200 day simple moving average of $38.05. The firm has a market cap of $5.74 billion, a PE ratio of 61.70 and a beta of 1.63. TTM Technologies has a 1 year low of $15.77 and a 1 year high of $62.60. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 1.72.

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

Insider Buying and Selling

In other news, EVP Catherine A. Gridley sold 20,000 shares of TTM Technologies stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $44.31, for a total value of $886,200.00. Following the completion of the sale, the executive vice president owned 81,986 shares in the company, valued at $3,632,799.66. The trade was a 19.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Wajid Ali purchased 5,000 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was bought at an average cost of $41.75 per share, with a total value of $208,750.00. Following the completion of the purchase, the director owned 19,024 shares of the company’s stock, valued at approximately $794,252. This represents a 35.65% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 66,477 shares of company stock worth $2,867,405 over the last ninety days. 1.30% of the stock is owned by company insiders.

Institutional Trading of TTM Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nuveen LLC bought a new stake in TTM Technologies during the 1st quarter valued at $31,763,000. Invesco Ltd. increased its stake in TTM Technologies by 55.7% during the 2nd quarter. Invesco Ltd. now owns 2,114,409 shares of the technology company’s stock valued at $86,310,000 after purchasing an additional 756,702 shares in the last quarter. Neumeier Poma Investment Counsel LLC bought a new stake in TTM Technologies during the 2nd quarter valued at $25,824,000. Cubist Systematic Strategies LLC increased its position in shares of TTM Technologies by 1,070.1% during the first quarter. Cubist Systematic Strategies LLC now owns 470,679 shares of the technology company’s stock worth $9,654,000 after acquiring an additional 430,453 shares in the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of TTM Technologies during the second quarter worth about $16,914,000. 95.79% of the stock is owned by institutional investors.

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.