TTM Technologies, Inc. (NASDAQ:TTMI) Receives Average Recommendation of “Buy” from Analysts

TTM Technologies, Inc. (NASDAQ:TTMI) has earned an average recommendation of “Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $214.25.

A number of research firms recently commented on TTMI. Wall Street Zen upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 22nd. Stifel Nicolaus lifted their target price on TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price target on shares of TTM Technologies in a research note on Tuesday, August 18th. Truist Financial increased their price target on TTM Technologies from $215.00 to $224.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, B. Riley Financial raised their price objective on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th.

TTM Technologies Trading Up 8.4%

Shares of TTMI opened at $121.70 on Friday. TTM Technologies has a 12-month low of $42.69 and a 12-month high of $223.83. The firm has a market capitalization of $12.82 billion, a P/E ratio of 54.82 and a beta of 2.14. The firm has a 50-day moving average price of $146.32 and a 200 day moving average price of $136.52. The company has a current ratio of 1.78, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Thursday, August 6th. The technology company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.10. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $962.04 million. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. TTM Technologies’s revenue was up 37.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 EPS. Sell-side analysts forecast that TTM Technologies will post 4.26 EPS for the current year.

TTM Technologies News Summary

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

• Positive Sentiment: AI data-center demand is strengthening the commercial business. TTM’s AI-driven data-center surge is improving Commercial segment sales, margins and backlog, while next-generation N+M printed-circuit-board revenue is expected to ramp in the second half of 2026. Can TTMI’s AI Data-Center Boom Reshape Its Commercial Business?
• Positive Sentiment: Management highlighted record growth on its earnings call. The update reinforces the view that demand from computing, communications and defense customers is translating into stronger bookings and future revenue visibility. TTM Technologies’ Earnings Call Highlights Record Growth
• Positive Sentiment: CEO Edwin Roks purchased 10,000 shares for approximately $1.12 million. The open-market purchase increased his direct stake by about 18%, a signal of management confidence in TTM’s outlook. TTM Technologies CEO Edwin Roks Buys 10,000 Shares
• Positive Sentiment: Recent earnings support the bullish narrative. TTM previously exceeded EPS and revenue expectations, with revenue up 37.4% year over year, while analysts maintain a consensus “Buy” rating and targets above the current trading level.
• Neutral Sentiment: Short-interest data offers little explanatory value. Reported short interest was zero, suggesting the move is not being driven by a conventional short squeeze, although the figure may reflect a reporting-data issue.
• Negative Sentiment: The CFO sold nearly 5,900 shares worth about $660,500. The sale represented roughly 8% of the CFO’s prior stake and may temper the positive insider-buying signal. Investors are also watching the cost and execution risks associated with the company’s planned acquisition. TTM Technologies CFO Sells Nearly 6,000 Shares

Insider Activity at TTM Technologies

In other news, EVP Catherine A. Gridley sold 8,966 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total value of $1,881,066.80. Following the transaction, the executive vice president directly owned 69,679 shares in the company, valued at approximately $14,618,654.20. This represents a 11.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Edwin Roks acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were bought at an average cost of $111.77 per share, with a total value of $1,117,700.00. Following the transaction, the chief executive officer directly owned 64,814 shares in the company, valued at $7,244,260.78. This trade represents a 18.24% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 108,241 shares of company stock valued at $20,911,975 over the last quarter. 1.30% of the stock is owned by insiders.

Institutional Trading of TTM Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTMI. California State Teachers Retirement System grew its stake in shares of TTM Technologies by 18,244.6% in the second quarter. California State Teachers Retirement System now owns 21,964,564 shares of the technology company’s stock valued at $4,107,813,000 after buying an additional 21,844,831 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of TTM Technologies in the 2nd quarter valued at $2,053,347,000. Polar Capital Holdings Plc acquired a new position in TTM Technologies during the 3rd quarter worth about $176,376,000. Invesco Ltd. lifted its stake in TTM Technologies by 127.7% during the 3rd quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock worth $277,281,000 after acquiring an additional 2,699,494 shares in the last quarter. Finally, Whale Rock Capital Management LLC lifted its stake in TTM Technologies by 112.1% during the 4th quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company’s stock worth $295,066,000 after acquiring an additional 2,260,035 shares in the last quarter. 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.