TTM Technologies (NASDAQ:TTMI) Stock Rating Raised to Strong-Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded TTM Technologies to “strong-buy” from “buy,” while the broader analyst consensus remains “Moderate Buy” with a $173.25 target price. Several firms recently cut their targets, though they maintained buy ratings.
• TTM reported strong quarterly results, with revenue up 59.9% year over year to $1.20 billion and EPS of $1.46, exceeding the $1.25 consensus estimate. Growth was supported by AI-related data-center demand and aerospace and defense spending.
• Investors still face execution and financial risks, including increased borrowing tied to acquisitions, operational delays, and potential securities-law investigations following the stock’s selloff.

TTM Technologies (NASDAQ:TTMI - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

TTMI has been the topic of several other research reports. Stifel Nicolaus cut their target price on TTM Technologies from $205.00 to $165.00 and set a "buy" rating on the stock in a research note on Friday. Zacks Research lowered shares of TTM Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. Truist Financial decreased their price target on shares of TTM Technologies from $231.00 to $170.00 and set a "buy" rating for the company in a research report on Friday. Needham & Company LLC lowered their price target on shares of TTM Technologies from $175.00 to $150.00 and set a "buy" rating on the stock in a report on Friday. Finally, Weiss Ratings downgraded shares of TTM Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 25th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $173.25.

TTM Technologies Stock Performance

Shares of NASDAQ:TTMI opened at $80.11 on Friday. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 31.92 and a beta of 2.14. TTM Technologies has a 52 week low of $55.44 and a 52 week high of $223.83. The company has a quick ratio of 1.54, a current ratio of 1.67 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average of $117.07 and a 200 day moving average of $141.70.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its earnings results on Thursday, October 22nd. The technology company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.21. TTM Technologies had a return on equity of 19.19% and a net margin of 7.01%. The business had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.13 billion. During the same quarter last year, the firm earned $0.50 EPS. The business's revenue for the quarter was up 59.9% on a year-over-year basis. On average, sell-side analysts predict that TTM Technologies will post 4.22 earnings per share for the current fiscal year.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, CEO Edwin Roks purchased 10,000 shares of the firm's stock in a transaction on Tuesday, August 25th. The stock was bought at an average cost of $111.77 per share, for a total transaction of $1,117,700.00. Following the completion of the purchase, the chief executive officer owned 64,814 shares in the company, valued at $7,244,260.78. This represents a 18.24% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Dale Knecht sold 26,198 shares of the firm's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $142.00, for a total value of $3,720,116.00. Following the completion of the sale, the senior vice president directly owned 40,138 shares of the company's stock, valued at approximately $5,699,596. This represents a 39.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On TTM Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in TTM Technologies during the 2nd quarter worth approximately $2,053,347,000. Wellington Management Group LLP increased its stake in TTM Technologies by 61.9% during the 2nd quarter. Wellington Management Group LLP now owns 2,268,404 shares of the technology company's stock valued at $424,237,000 after purchasing an additional 867,255 shares in the last quarter. Atalan Capital Partners LP purchased a new position in shares of TTM Technologies in the second quarter worth $189,234,000. Bank of New York Mellon Corp purchased a new position in shares of TTM Technologies in the second quarter worth $114,470,000. Finally, Palestra Capital Management LLC purchased a new position in shares of TTM Technologies in the second quarter worth $105,214,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Key TTM Technologies News

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

• Positive Sentiment: Record results exceeded expectations. Third-quarter revenue rose 59.9% year over year to $1.20 billion, while non-GAAP EPS of $1.46 topped the $1.25 consensus. Adjusted EBITDA reached a record $242.3 million, with the margin expanding to 20.1%. AI-driven data-center demand and aerospace and defense spending were key growth drivers. TTMI Q3 Earnings & Revenues Surpass Estimates, Both Surge Year over Year
• Positive Sentiment: Management raised its outlook. TTM now expects 2026 revenue of $4.47 billion to $4.49 billion and non-GAAP EPS of $4.97 to $5.03, above consensus. Fourth-quarter EPS guidance of $1.77 to $1.83 also exceeds estimates, while preliminary 2027 guidance calls for $6.5 billion to $6.75 billion in revenue and $8.10 to $8.90 in EPS. TTM Technologies Reports Third Quarter 2026 Results
• Neutral Sentiment: Growth visibility is improving, but execution remains important. Data Center and Networking accounted for 41% of sales, total book-to-bill was 2.13, and aerospace and defense backlog reached $2 billion. However, planned acquisitions—including the $650 million Ophir Optics deal—will require additional borrowing and are not included in current guidance. TTM Technologies Reports Record Sales and Raises Outlook
• Negative Sentiment: Debt and operational risks are weighing on the shares. Investors focused on higher financing costs and leverage following recent acquisitions, as well as reports of material wait times of up to 24 weeks and delays affecting data-center programs. Needham and Stifel lowered their price targets despite retaining favorable ratings. Why Is TTM Technologies Stock Gaining Friday?
• Negative Sentiment: Potential litigation adds uncertainty. Several law firms announced investigations into possible securities-law violations following the post-earnings selloff. These notices are allegations, not established findings, but they may increase headline and legal risk for investors. TTM Technologies Investigation Notice

About TTM Technologies

TTM Technologies, Inc is a manufacturer of technology solutions and printed circuit boards (PCBs), which are used to connect and support electronic components in a wide range of products. The company produces conventional rigid PCBs as well as high-density interconnect, flexible and rigid-flex circuit boards, and other advanced circuit technologies.

TTM also provides radio-frequency and microwave/microelectronic assembly capabilities, including components and assemblies used in communications, radar and other high-frequency applications.

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