TTM Technologies (NASDAQ:TTMI) Hits New 1-Year High – What’s Next?

TTM Technologies, Inc. (NASDAQ:TTMI)’s share price reached a new 52-week high on Friday . The company traded as high as $191.73 and last traded at $184.8840, with a volume of 459186 shares trading hands. The stock had previously closed at $174.55.

Analyst Upgrades and Downgrades

TTMI has been the subject of a number of analyst reports. Stifel Nicolaus raised their target price on shares of TTM Technologies from $108.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, April 20th. B. Riley Financial reaffirmed a “buy” rating on shares of TTM Technologies in a report on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TTM Technologies in a report on Monday. Needham & Company LLC lifted their price objective on shares of TTM Technologies from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Zacks Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.50.

TTM Technologies Stock Up 8.0%

The company has a market capitalization of $19.58 billion, a price-to-earnings ratio of 102.03 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 moving average price is $124.90 and its 200 day moving average price is $97.42.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $845.98 million for the quarter, compared to analyst estimates of $789.84 million. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. The firm’s revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 EPS. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. On average, sell-side analysts forecast that TTM Technologies, Inc. will post 3.17 EPS for the current fiscal year.

Insider Activity

In related news, Director Thomas T. Edman sold 16,800 shares of TTM Technologies stock in a transaction that occurred 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 document filed with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On TTM Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in TTMI. Polar Capital Holdings Plc acquired a new position in shares of TTM Technologies in the third quarter valued at approximately $176,376,000. Invesco Ltd. grew its holdings 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 during the last quarter. Whale Rock Capital Management LLC grew its holdings 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 during the last quarter. Castle Hook Partners LP bought a new stake in TTM Technologies during the 4th quarter worth approximately $133,351,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in TTM Technologies by 575.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,831,425 shares of the technology company’s stock worth $105,490,000 after acquiring an additional 1,560,394 shares during the last quarter. 95.79% of the stock is owned by 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.