TTM Technologies (NASDAQ:TTMI) Stock Price Up 9.8% – Still a Buy?

TTM Technologies, Inc. (NASDAQ:TTMI) shares rose 9.8% during mid-day trading on Monday . The company traded as high as $100.34 and last traded at $100.51. Approximately 422,087 shares changed hands during trading, a decline of 84% from the average daily volume of 2,633,597 shares. The stock had previously closed at $91.54.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TTMI shares. Weiss Ratings raised TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Truist Financial set a $113.00 price target on shares of TTM Technologies in a report on Wednesday, January 14th. Zacks Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. B. Riley Financial boosted their price objective on shares of TTM Technologies from $81.00 to $123.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Stifel Nicolaus set a $108.00 target price on shares of TTM Technologies in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat.com, TTM Technologies has an average rating of “Buy” and a consensus price target of $117.25.

TTM Technologies Trading Up 5.5%

The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.67 and a current ratio of 1.93. The stock has a market cap of $11.11 billion, a P/E ratio of 63.31 and a beta of 1.74. The stock has a 50-day moving average price of $98.44 and a 200-day moving average price of $75.94.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. The company had revenue of $763.53 million for the quarter, compared to analysts’ expectations of $752.96 million. TTM Technologies had a net margin of 6.11% and a return on equity of 13.30%. TTM Technologies’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 earnings per share. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. On average, equities research analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Insider Transactions at TTM Technologies

In other news, EVP Daniel J. Weber sold 12,000 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $93.88, for a total value of $1,126,560.00. Following the transaction, the executive vice president owned 94,621 shares of the company’s stock, valued at $8,883,019.48. This represents a 11.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Catherine A. Gridley sold 20,000 shares of TTM Technologies stock in a transaction on Friday, February 20th. The stock was sold at an average price of $105.94, for a total transaction of $2,118,800.00. Following the sale, the executive vice president directly owned 78,645 shares of the company’s stock, valued at $8,331,651.30. This represents a 20.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 105,150 shares of company stock valued at $9,900,522 in the last quarter. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On TTM Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of TTMI. Hsbc Holdings PLC increased its position in shares of TTM Technologies by 155.2% during the 4th quarter. Hsbc Holdings PLC now owns 14,036 shares of the technology company’s stock valued at $980,000 after purchasing an additional 8,535 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in TTM Technologies by 332.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,217 shares of the technology company’s stock worth $291,000 after buying an additional 3,242 shares during the last quarter. Corient Private Wealth LLC lifted its position in TTM Technologies by 5.7% in the 4th quarter. Corient Private Wealth LLC now owns 5,632 shares of the technology company’s stock worth $389,000 after buying an additional 305 shares during the last quarter. Invesco Ltd. boosted its stake in TTM Technologies by 3.5% in the fourth quarter. Invesco Ltd. now owns 4,980,091 shares of the technology company’s stock worth $343,626,000 after buying an additional 166,188 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in TTM Technologies in the fourth quarter worth approximately $1,584,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

About TTM Technologies

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.