TTM Technologies (NASDAQ:TTMI) Downgraded to Hold Rating by Zacks Research

Key Points

• TTM Technologies was downgraded from a "strong-buy" rating to a "hold" rating by Zacks Research in a recent report.
• Despite the downgrade, several other firms have increased their price targets for TTM Technologies, indicating a mix of optimism and cautious sentiment around the stock.
• TTM Technologies reported strong earnings for the previous quarter, beating EPS expectations and achieving a revenue increase of 20.7% year-over-year.

TTM Technologies (NASDAQ:TTMI - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms also recently commented on TTMI. Needham & Company LLC increased their price objective on shares of TTM Technologies from $56.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, September 23rd. Stifel Nicolaus upped their target price on TTM Technologies from $40.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Truist Financial raised their price target on TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Wall Street Zen lowered TTM Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 26th. Finally, B. Riley increased their price objective on TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, TTM Technologies has a consensus rating of "Moderate Buy" and an average price target of $54.50.

TTM Technologies Stock Down 0.3%

NASDAQ:TTMI opened at $57.60 on Monday. The stock has a 50-day simple moving average of $47.13 and a 200 day simple moving average of $35.72. TTM Technologies has a 52-week low of $15.77 and a 52-week high of $58.74. The company has a market cap of $5.95 billion, a PE ratio of 64.00 and a beta of 1.57. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.72 and a current ratio of 2.03.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.52 by $0.06. The firm had revenue of $730.62 million for the quarter, compared to analysts' expectations of $668.42 million. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%.The business's quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 EPS. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. On average, sell-side analysts expect that TTM Technologies will post 1.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other TTM Technologies news, insider Robert P. Farrell sold 1,500 shares of the firm's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $46.69, for a total transaction of $70,035.00. Following the completion of the sale, the insider owned 23,822 shares of the company's stock, valued at $1,112,249.18. This trade represents a 5.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Wajid Ali acquired 5,000 shares of the firm's stock in a transaction on Monday, August 18th. The stock was bought at an average price of $41.75 per share, for a total transaction of $208,750.00. Following the completion of the acquisition, the director owned 19,024 shares of the company's stock, valued at approximately $794,252. The trade was a 35.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 66,477 shares of company stock worth $2,867,405 in the last quarter. Company insiders own 1.30% of the company's stock.

Institutional Investors Weigh In On TTM Technologies

Several hedge funds have recently bought and sold shares of the stock. Quarry LP grew its position in shares of TTM Technologies by 249.9% in the first quarter. Quarry LP now owns 2,110 shares of the technology company's stock valued at $43,000 after purchasing an additional 1,507 shares during the last quarter. USA Financial Formulas grew its holdings in TTM Technologies by 119.1% in the 1st quarter. USA Financial Formulas now owns 2,237 shares of the technology company's stock valued at $46,000 after buying an additional 1,216 shares in the last quarter. Concord Wealth Partners bought a new position in TTM Technologies during the 2nd quarter worth $47,000. EverSource Wealth Advisors LLC lifted its holdings in shares of TTM Technologies by 52.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,244 shares of the technology company's stock worth $51,000 after buying an additional 430 shares in the last quarter. Finally, CWM LLC boosted its position in shares of TTM Technologies by 14.4% in the first quarter. CWM LLC now owns 4,501 shares of the technology company's stock valued at $92,000 after acquiring an additional 567 shares during the period. 95.79% of the stock is currently owned by institutional investors and hedge funds.

TTM Technologies Company Profile

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.

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