B. Riley Predicts Stronger Earnings for TTM Technologies

TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) - Investment analysts at B. Riley upped their FY2026 earnings per share estimates for shares of TTM Technologies in a research report issued on Wednesday, July 16th. B. Riley analyst M. Crawford now expects that the technology company will post earnings per share of $2.11 for the year, up from their previous estimate of $2.09. B. Riley currently has a "Buy" rating and a $50.00 price target on the stock. The consensus estimate for TTM Technologies' current full-year earnings is $1.76 per share. B. Riley also issued estimates for TTM Technologies' Q4 2026 earnings at $0.60 EPS and Q4 2026 earnings at $0.60 EPS.

TTMI has been the subject of a number of other research reports. Needham & Company LLC increased their target price on TTM Technologies from $35.00 to $43.00 and gave the stock a "buy" rating in a report on Friday, June 20th. Truist Financial increased their price objective on shares of TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Wall Street Zen downgraded shares of TTM Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. Finally, Stifel Nicolaus restated a "buy" rating and set a $40.00 price objective (up from $33.00) on shares of TTM Technologies in a research note on Monday, June 16th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $45.25.

TTM Technologies Price Performance

Shares of TTMI stock traded up $2.26 during mid-day trading on Friday, hitting $47.29. 1,764,690 shares of the stock traded hands, compared to its average volume of 918,867. The company's 50-day simple moving average is $36.29 and its 200-day simple moving average is $27.65. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 63.05 and a beta of 1.46. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.75 and a current ratio of 2.07. TTM Technologies has a twelve month low of $15.77 and a twelve month high of $47.89.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The technology company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.39 by $0.11. TTM Technologies had a return on equity of 10.75% and a net margin of 3.09%. The firm had revenue of $648.67 million for the quarter, compared to analysts' expectations of $621.44 million. During the same period last year, the firm earned $0.28 EPS. The firm's revenue was up 13.8% compared to the same quarter last year.

TTM Technologies announced that its board has authorized a share repurchase plan on Friday, May 9th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the technology company to purchase up to 3.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In related news, SVP Dale Martin Knecht sold 7,487 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $39.01, for a total value of $292,067.87. Following the completion of the sale, the senior vice president directly owned 59,947 shares in the company, valued at approximately $2,338,532.47. This trade represents a 11.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Weber sold 20,170 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $29.51, for a total transaction of $595,216.70. Following the completion of the sale, the executive vice president owned 74,983 shares of the company's stock, valued at $2,212,748.33. This trade represents a 21.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,226 shares of company stock worth $3,504,492 in the last three months. Insiders own 1.30% of the company's stock.

Institutional Investors Weigh In On TTM Technologies

Hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in shares of TTM Technologies by 532.1% during the fourth quarter. Franklin Resources Inc. now owns 1,957,741 shares of the technology company's stock worth $48,454,000 after acquiring an additional 1,648,017 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of 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 acquiring an additional 115,766 shares during the period. Nuveen LLC bought a new stake in shares of TTM Technologies during the first quarter worth approximately $31,763,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of TTM Technologies by 50.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,534,166 shares of the technology company's stock worth $37,971,000 after acquiring an additional 515,015 shares during the period. Finally, Emerald Advisers LLC boosted its holdings in shares of TTM Technologies by 34.3% during the first quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company's stock worth $29,533,000 after acquiring an additional 367,798 shares during the period. 95.79% of the stock is currently owned by institutional investors and hedge funds.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.