TTM Technologies (NASDAQ:TTMI) Raised to “Strong-Buy” at Zacks Research

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

Other equities research analysts also recently issued research reports about the stock. Stifel Nicolaus lifted their price target on shares of TTM Technologies from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Needham & Company LLC lifted their price target on shares of TTM Technologies from $65.00 to $77.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. B. Riley reaffirmed a “buy” rating on shares of TTM Technologies in a research note on Thursday, October 30th. Weiss Ratings raised shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Finally, Truist Financial upped their price target on shares of TTM Technologies from $60.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $65.00.

TTM Technologies Stock Performance

Shares of TTMI stock opened at $66.29 on Monday. The company’s fifty day simple moving average is $54.66 and its 200-day simple moving average is $42.83. TTM Technologies has a 52 week low of $15.77 and a 52 week high of $70.12. The company has a current ratio of 2.03, a quick ratio of 1.72 and a debt-to-equity ratio of 0.56. The company has a market cap of $6.85 billion, a PE ratio of 52.61 and a beta of 1.63.

TTM Technologies (NASDAQ:TTMI) last issued its 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. TTM Technologies had a net margin of 4.74% and a return on equity of 13.43%. The business had revenue of $752.74 million for the quarter, compared to the consensus estimate of $711.91 million. During the same quarter last year, the firm posted $0.41 EPS. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. As a group, equities research analysts anticipate that TTM Technologies will post 1.76 EPS for the current year.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, EVP Catherine A. Gridley sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $40.46, for a total value of $1,011,500.00. Following the transaction, the executive vice president owned 101,986 shares of the company’s stock, valued at $4,126,353.56. This trade represents a 19.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven Spoto sold 3,484 shares of TTM Technologies stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $46.58, for a total value of $162,284.72. Following the completion of the transaction, the insider owned 28,649 shares of the company’s stock, valued at approximately $1,334,470.42. The trade was a 10.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 54,953 shares of company stock valued at $2,436,805. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC bought a new stake in TTM Technologies in the 3rd quarter valued at about $39,000. Quarry LP grew its position in TTM Technologies by 249.9% in the 1st quarter. Quarry LP now owns 2,110 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,507 shares during the last quarter. Concord Wealth Partners acquired a new stake in shares of TTM Technologies in the second quarter valued at approximately $47,000. EverSource Wealth Advisors LLC raised its holdings in shares of TTM Technologies by 52.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,244 shares of the technology company’s stock valued at $51,000 after buying an additional 430 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new position in shares of TTM Technologies during the third quarter worth approximately $60,000. 95.79% of the stock is currently 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.