Truist Financial Issues Positive Forecast for TTM Technologies (NASDAQ:TTMI) Stock Price

Key Points

• Truist Financial raised its price target for TTM Technologies from $215 to $224 and maintained a “Buy” rating, implying 55.14% upside from the reported $144.38 share price.
• TTM Technologies exceeded second-quarter expectations, reporting $0.99 adjusted EPS and approximately $1.0 billion in revenue, up 37.4% year over year. Third-quarter EPS guidance of $1.21–$1.27 also topped the $1.09 consensus estimate.
• Analysts remain broadly positive, with four Buy ratings and two Holds producing a “Moderate Buy” consensus and an average target of $214.25; management cited AI, defense and advanced PCB demand as growth drivers while investing in additional capacity.

TTM Technologies (NASDAQ:TTMI - Get Free Report) had its price target increased by stock analysts at Truist Financial from $215.00 to $224.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the technology company's stock. Truist Financial's target price would suggest a potential upside of 55.14% from the company's current price.

Several other equities analysts also recently weighed in on the stock. Zacks Research downgraded shares of TTM Technologies from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. B. Riley Financial upped their price target on TTM Technologies from $182.00 to $208.00 and gave the stock a "buy" rating in a report on Thursday, May 28th. Wall Street Zen lowered shares of TTM Technologies from a "buy" rating to a "hold" rating in a report on Saturday, June 13th. Needham & Company LLC raised their target price on shares of TTM Technologies from $208.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, June 18th. Finally, Weiss Ratings lowered shares of TTM Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $214.25.

TTM Technologies Stock Performance

Shares of NASDAQ:TTMI traded up $13.13 on Thursday, reaching $144.38. 3,003,016 shares of the company's stock were exchanged, compared to its average volume of 2,611,082. The company has a market capitalization of $14.99 billion, a price-to-earnings ratio of 78.16 and a beta of 2.14. TTM Technologies has a twelve month low of $39.20 and a twelve month high of $223.83. 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 company has a fifty day moving average of $163.71 and a 200-day moving average of $133.52.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued 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. TTM Technologies had a return on equity of 13.70% and a net margin of 6.29%.The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $962.04 million. During the same period in the prior year, the business posted $0.58 EPS. TTM Technologies's quarterly revenue was up 37.4% compared to the same quarter last year. On average, research analysts predict that TTM Technologies will post 3.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Shawn A. Powers sold 3,367 shares of TTM Technologies stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total transaction of $703,500.98. Following the transaction, the executive vice president owned 120,801 shares in the company, valued at $25,240,160.94. This trade represents a 2.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Douglas L. Soder sold 2,874 shares of TTM Technologies stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total value of $600,493.56. Following the sale, the executive vice president owned 210,634 shares of the company's stock, valued at approximately $44,009,867.96. This trade represents a 1.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 82,043 shares of company stock valued at $17,191,859. Company insiders own 1.30% of the company's stock.

Institutional Trading of TTM Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new position in TTM Technologies during the second quarter worth $577,000. Summit Global Investments acquired a new stake in shares of TTM Technologies in the second quarter valued at about $784,000. Accel Wealth Management bought a new stake in TTM Technologies in the 2nd quarter worth about $201,000. Carolina Wealth Advisors LLC increased its stake in shares of TTM Technologies by 78.7% in the second quarter. Carolina Wealth Advisors LLC now owns 377 shares of the technology company's stock worth $71,000 after purchasing an additional 166 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. purchased a new position in TTM Technologies in the 2nd quarter worth approximately $300,000. 95.79% of the stock is currently owned by institutional investors.

Key Headlines Impacting TTM Technologies

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

• Positive Sentiment: Second-quarter results exceeded expectations. TTM reported adjusted earnings of $0.99 per share, above analyst estimates ranging from $0.89 to $0.92 and up from $0.58 a year earlier. Revenue reached approximately $1.0 billion, surpassing the $962 million consensus and increasing 37.4% year over year. TTM Technologies Earnings Results
• Positive Sentiment: Third-quarter earnings guidance was materially above consensus. TTM forecast earnings of $1.21 to $1.27 per share, compared with the $1.09 analyst estimate. Revenue guidance of approximately $1.1 billion was generally in line with expectations, indicating that the key upside is coming from profitability and mix. TTMI Q2 Earnings and Revenues
• Positive Sentiment: Demand trends support a stronger 2026 outlook. Management highlighted continued AI and defense demand, the ramp of its N+M printed-circuit-board program, and capacity investments intended to support future growth. These comments reinforce expectations for expanding advanced PCB and mission-systems opportunities. TTMI Q2 Earnings Call Highlights
• Neutral Sentiment: TTM is investing in additional capacity to meet demand, which can increase near-term capital requirements even as it improves its ability to capture longer-term growth. TTM Technologies Second-Quarter Results

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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