Truist Financial Forecasts Strong Price Appreciation for TTM Technologies (NASDAQ:TTMI) Stock

TTM Technologies (NASDAQ:TTMI) had its price objective raised by equities researchers at Truist Financial from $215.00 to $224.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Truist Financial’s price objective would suggest a potential upside of 55.14% from the company’s current price.

A number of other research firms also recently weighed in on TTMI. Needham & Company LLC lifted their target price on TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. B. Riley Financial increased their target price on TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Stifel Nicolaus boosted their target price on TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Wall Street Zen cut shares of TTM Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings downgraded TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $214.25.

TTM Technologies Trading Up 10.0%

TTMI stock traded up $13.13 during midday trading on Thursday, hitting $144.38. The stock had a trading volume of 3,003,016 shares, compared to its average volume of 2,611,082. TTM Technologies has a 12-month low of $39.20 and a 12-month high of $223.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.61. The company’s 50-day moving average price is $163.71 and its 200 day moving average price is $133.52. The firm has a market cap of $14.99 billion, a PE ratio of 78.16 and a beta of 2.14.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.10. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $962.04 million. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. The firm’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 EPS. On average, equities research analysts predict that TTM Technologies will post 3.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Shawn A. Powers sold 9,856 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total transaction of $2,067,788.80. Following the transaction, the executive vice president owned 119,268 shares of the company’s stock, valued at approximately $25,022,426.40. The trade was a 7.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Dale Martin Knecht sold 6,754 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $209.79, for a total transaction of $1,416,921.66. Following the completion of the sale, the senior vice president owned 68,350 shares of the company’s stock, valued at $14,339,146.50. This trade represents a 8.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 82,043 shares of company stock valued at $17,191,859. Insiders own 1.30% of the company’s stock.

Institutional Trading of TTM Technologies

Several institutional investors and hedge funds have recently made changes to their positions in TTMI. Royal Bank of Canada raised its holdings in shares of TTM Technologies by 66.6% in the first quarter. Royal Bank of Canada now owns 26,433 shares of the technology company’s stock valued at $543,000 after acquiring an additional 10,565 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of TTM Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,087 shares of the technology company’s stock worth $1,232,000 after purchasing an additional 2,632 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in TTM Technologies by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock worth $34,989,000 after purchasing an additional 115,766 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of TTM Technologies by 7.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,563 shares of the technology company’s stock worth $3,908,000 after acquiring an additional 13,691 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in TTM Technologies by 1,150.2% in the first 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 in the last quarter. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies News Roundup

Here are the key news stories impacting TTM Technologies this week:

• Positive Sentiment: Second-quarter results exceeded expectations. TTM reported adjusted earnings of $0.99 per share, above analyst estimates ranging from $0.89 to $0.92 and up from $0.58 a year earlier. Revenue reached approximately $1.0 billion, surpassing the $962 million consensus and increasing 37.4% year over year. TTM Technologies Earnings Results
• Positive Sentiment: Third-quarter earnings guidance was materially above consensus. TTM forecast earnings of $1.21 to $1.27 per share, compared with the $1.09 analyst estimate. Revenue guidance of approximately $1.1 billion was generally in line with expectations, indicating that the key upside is coming from profitability and mix. TTMI Q2 Earnings and Revenues
• Positive Sentiment: Demand trends support a stronger 2026 outlook. Management highlighted continued AI and defense demand, the ramp of its N+M printed-circuit-board program, and capacity investments intended to support future growth. These comments reinforce expectations for expanding advanced PCB and mission-systems opportunities. TTMI Q2 Earnings Call Highlights
• Neutral Sentiment: TTM is investing in additional capacity to meet demand, which can increase near-term capital requirements even as it improves its ability to capture longer-term growth. TTM Technologies Second-Quarter Results

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.