TTM Technologies (NASDAQ:TTMI) Trading Down 6.3% – What’s Next?

TTM Technologies, Inc. (NASDAQ:TTMI) fell 6.3% during mid-day trading on Wednesday . The company traded as low as $178.00 and last traded at $184.5430. 838,811 shares were traded during trading, a decline of 65% from the average session volume of 2,420,120 shares. The stock had previously closed at $196.95.

Analysts Set New Price Targets

TTMI has been the subject of a number of recent analyst reports. Zacks Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Truist Financial lifted their price target on TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday. B. Riley Financial upped their price target on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday. Stifel Nicolaus increased 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. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday, May 18th. Five equities 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.00.

TTM Technologies Stock Performance

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 moving average is $134.59 and its two-hundred day moving average is $101.75. The stock has a market cap of $19.50 billion, a price-to-earnings ratio of 101.51 and a beta of 2.11.

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 return on equity of 13.70% and a net margin of 6.29%.The company had revenue of $845.98 million for the quarter, compared to analysts’ expectations of $789.84 million. During the same period in the previous year, the firm posted $0.50 EPS. TTM Technologies’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, sell-side analysts expect that TTM Technologies, Inc. will post 3.31 earnings per share for the current year.

Insiders Place Their Bets

In other TTM Technologies news, Director Thomas T. Edman sold 16,800 shares of TTM Technologies stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $100.23, for a total transaction of $1,683,864.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Trading of TTM Technologies

Large investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings in shares of TTM Technologies by 66.6% during the 1st quarter. Royal Bank of Canada now owns 26,433 shares of the technology company’s stock worth $543,000 after purchasing an additional 10,565 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in TTM Technologies by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,087 shares of the technology company’s stock valued at $1,232,000 after buying an additional 2,632 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of TTM Technologies by 7.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock worth $34,989,000 after acquiring an additional 115,766 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of TTM Technologies by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,563 shares of the technology company’s stock valued at $3,908,000 after acquiring an additional 13,691 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in shares of TTM Technologies by 1,150.2% during the 1st quarter. Jane Street Group LLC now owns 139,889 shares of the technology company’s stock valued at $2,869,000 after acquiring an additional 128,700 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

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.