TTM Technologies (NASDAQ:TTMI) Stock Price Up 5.7% – Time to Buy?

TTM Technologies, Inc. (NASDAQ:TTMI)’s share price traded up 5.7% during mid-day trading on Wednesday . The company traded as high as $169.23 and last traded at $170.5390. 156,984 shares were traded during mid-day trading, a decline of 93% from the average session volume of 2,401,477 shares. The stock had previously closed at $161.41.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TTMI shares. Stifel Nicolaus upped their price target on TTM Technologies from $108.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Truist Financial upped their target price on TTM Technologies from $115.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday. Finally, Needham & Company LLC upped their target price on TTM Technologies from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $149.50.

TTM Technologies Stock Performance

The company has a market cap of $17.62 billion, a PE ratio of 91.73 and a beta of 2.11. 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 firm’s 50-day simple moving average is $121.89 and its two-hundred day simple moving average is $95.91.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, April 29th. The technology company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The company had revenue of $845.98 million for the quarter, compared to the consensus estimate of $789.84 million. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. TTM Technologies’s revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 EPS. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. As a group, research analysts anticipate that TTM Technologies, Inc. will post 3.17 earnings per share for the current fiscal year.

Insider Transactions at TTM Technologies

In other news, Director Thomas T. Edman sold 16,800 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $100.23, for a total value of $1,683,864.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Catherine A. Gridley sold 20,000 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $105.94, for a total value of $2,118,800.00. Following the completion of the transaction, the executive vice president directly owned 78,645 shares in the company, valued at $8,331,651.30. This represents a 20.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 53,600 shares of company stock worth $5,509,880 over the last three months. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Norris Financial Group LLC acquired a new position in TTM Technologies in the first quarter valued at approximately $4,258,000. Bank of America Corp DE lifted its holdings in TTM Technologies by 6.5% in the first quarter. Bank of America Corp DE now owns 636,152 shares of the technology company’s stock valued at $61,974,000 after acquiring an additional 38,710 shares during the period. Sunbelt Securities Inc. lifted its holdings in TTM Technologies by 1,131.4% in the first quarter. Sunbelt Securities Inc. now owns 628 shares of the technology company’s stock valued at $61,000 after acquiring an additional 577 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in TTM Technologies by 12.5% in the first quarter. EverSource Wealth Advisors LLC now owns 1,347 shares of the technology company’s stock valued at $131,000 after acquiring an additional 150 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in TTM Technologies by 22.0% in the first quarter. California State Teachers Retirement System now owns 119,733 shares of the technology company’s stock valued at $11,664,000 after acquiring an additional 21,622 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

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.