TTM Technologies (NASDAQ:TTMI) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of TTM Technologies (NASDAQ:TTMI) from a hold rating to a buy rating in a research report released on Saturday.

Several other brokerages have also recently commented on TTMI. Needham & Company LLC raised their price target on shares of TTM Technologies from $208.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Stifel Nicolaus raised their price objective on shares of TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Truist Financial boosted their target price on shares of TTM Technologies from $215.00 to $224.00 and gave the stock a “buy” rating in a research note on Thursday. B. Riley Financial raised their price target on TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings upgraded TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $214.25.

TTM Technologies Stock Up 0.6%

Shares of NASDAQ:TTMI opened at $137.21 on Friday. TTM Technologies has a 52-week low of $39.20 and a 52-week high of $223.83. The company has a quick ratio of 1.61, a current ratio of 1.78 and a debt-to-equity ratio of 0.50. The business has a fifty day moving average of $161.95 and a two-hundred day moving average of $133.79. The stock has a market cap of $14.46 billion, a P/E ratio of 61.81 and a beta of 2.14.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.10. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $962.04 million. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. The business’s revenue was up 37.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 EPS. TTM Technologies has set its Q3 2026 guidance at 1.210-1.270 EPS. On average, research analysts expect that TTM Technologies will post 3.63 earnings per share for the current year.

Insider Buying and Selling

In other TTM Technologies news, EVP Catherine A. Gridley sold 8,966 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total transaction of $1,881,066.80. Following the sale, the executive vice president directly owned 69,679 shares in the company, valued at approximately $14,618,654.20. The trade was a 11.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Weber sold 8,533 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total transaction of $1,790,223.40. Following the transaction, the executive vice president owned 86,088 shares in the company, valued at $18,061,262.40. The trade was a 9.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 82,043 shares of company stock worth $17,191,859 in the last ninety days. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in TTM Technologies during the second quarter worth about $2,053,347,000. Polar Capital Holdings Plc acquired a new position in shares of TTM Technologies in the 3rd quarter valued at about $176,376,000. Invesco Ltd. grew its holdings in shares of 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 purchasing an additional 2,699,494 shares during the period. Whale Rock Capital Management LLC grew its holdings in shares of 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 purchasing an additional 2,260,035 shares during the period. Finally, Castle Hook Partners LP acquired a new stake in TTM Technologies during the 4th quarter worth approximately $133,351,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

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.