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

Key Points

• Wall Street Zen upgraded TTM Technologies to “Buy” from “Hold,” joining five other analysts with Buy ratings. The stock has a consensus “Moderate Buy” rating and an average price target of $214.25.
• TTM reported quarterly EPS of $0.99, beating estimates of $0.89, while revenue reached $1 billion, up 37.4% year over year and above consensus expectations.
• Institutional investors own 95.79% of TTM’s shares, while insiders sold approximately $17.2 million worth of stock over the past 90 days.

TTM Technologies (NASDAQ:TTMI - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

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

TTM Technologies Stock Performance

NASDAQ:TTMI opened at $137.21 on Friday. TTM Technologies has a 12 month low of $39.20 and a 12 month high of $223.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.78 and a quick ratio of 1.61. The firm has a market capitalization of $14.25 billion, a PE ratio of 61.81 and a beta of 2.14. The business's fifty day moving average price is $161.95 and its 200 day moving average price is $133.79.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.10. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $962.04 million. TTM Technologies had a return on equity of 15.67% and a net margin of 7.01%.The business's revenue for the quarter was up 37.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.58 EPS. TTM Technologies has set its Q3 2026 guidance at 1.210-1.270 EPS. On average, sell-side analysts anticipate that TTM Technologies will post 3.66 earnings per share for the current fiscal year.

Insider Transactions at TTM Technologies

In related news, EVP Douglas L. Soder sold 2,874 shares of the firm's stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total value of $600,493.56. Following the sale, the executive vice president directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel J. Weber sold 2,915 shares of the company's stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total transaction of $609,060.10. Following the transaction, the executive vice president directly owned 88,250 shares of the company's stock, valued at $18,438,955. This trade represents a 3.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 82,043 shares of company stock worth $17,191,859 in the last 90 days. Insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in TTM Technologies in the second quarter valued at about $2,115,000. Citizens Financial Group Inc. RI purchased a new stake in shares of TTM Technologies in the second quarter worth about $374,000. BlackRock Inc. purchased a new stake in shares of TTM Technologies in the second quarter worth about $2,053,347,000. Pallas Capital Advisors LLC acquired a new stake in shares of TTM Technologies in the second quarter valued at about $301,000. Finally, Deutsche Bank AG acquired a new stake in shares of TTM Technologies in the second quarter valued at about $1,937,000. 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.

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