TTM Technologies (NASDAQ:TTMI) Reaches New 1-Year High - Here's Why

Key Points

• TTM Technologies (NASDAQ:TTMI) reached a new 52-week high, trading as high as $51.31, with a recent closing price of $50.76 after trading 546,040 shares.
• Wall Street analysts are optimistic, with four firms giving the stock a "Buy" rating and price targets ranging from $50.00 to $56.00, with a consensus target price of $52.25.
• TTM reported strong quarterly earnings, posting an EPS of $0.58 and a revenue of $730.62 million, surpassing expectations and showing a 20.7% increase year-over-year.

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $51.31 and last traded at $50.76, with a volume of 546040 shares changing hands. The stock had previously closed at $49.03.

Analysts Set New Price Targets

Several research firms recently commented on TTMI. Stifel Nicolaus lifted their price objective on TTM Technologies from $40.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. B. Riley raised their price target on shares of TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Needham & Company LLC restated a "buy" rating and set a $56.00 price objective on shares of TTM Technologies in a research report on Friday, August 15th. Wall Street Zen upgraded shares of TTM Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. Finally, Truist Financial boosted their target price on shares of TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $52.25.

TTM Technologies Trading Up 4.1%

The stock has a market cap of $5.60 billion, a P/E ratio of 60.27 and a beta of 1.57. The stock's 50-day moving average is $45.71 and its two-hundred day moving average is $34.16. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 1.72.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.06. The business had revenue of $730.62 million during 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 firm's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. Equities research analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Insider Transactions at TTM Technologies

In related news, EVP Catherine A. Gridley sold 20,000 shares of TTM Technologies stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $44.31, for a total transaction of $886,200.00. Following the completion of the sale, the executive vice president owned 81,986 shares in the company, valued at $3,632,799.66. This trade represents a 19.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Wajid Ali acquired 5,000 shares of the stock in a transaction on Monday, August 18th. The stock was bought at an average cost of $41.75 per share, with a total value of $208,750.00. Following the completion of the transaction, the director owned 19,024 shares in the company, valued at $794,252. This trade represents a 35.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 77,273 shares of company stock valued at $3,282,170. Company insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On TTM Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Focus Partners Wealth grew its position in shares of TTM Technologies by 1.1% in the 1st quarter. Focus Partners Wealth now owns 31,944 shares of the technology company's stock worth $655,000 after buying an additional 343 shares during the last quarter. Yousif Capital Management LLC grew its holdings in TTM Technologies by 1.0% in the second quarter. Yousif Capital Management LLC now owns 38,027 shares of the technology company's stock worth $1,552,000 after purchasing an additional 374 shares during the last quarter. EverSource Wealth Advisors LLC increased its position 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 purchasing an additional 430 shares in the last quarter. KLP Kapitalforvaltning AS lifted its holdings in shares of TTM Technologies by 2.4% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 21,200 shares of the technology company's stock valued at $865,000 after purchasing an additional 500 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of TTM Technologies by 4.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,949 shares of the technology company's stock worth $345,000 after purchasing an additional 555 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.

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.