TTM Technologies (NASDAQ:TTMI) Shares Gap Up - Here's Why

Key Points

• TTM Technologies shares gapped up from a previous close of $59.07 to an opening of $61.85, but last traded at $59.42 with a trading volume of 548,036 shares.
• The company reported better-than-expected quarterly earnings with an EPS of $0.58, surpassing analysts' estimates of $0.52 and showing a 20.7% increase in revenue year-over-year.
• Analysts have mixed views on the stock, with ratings ranging from "strong-buy" to "hold," and an average target price set at $54.50.

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $59.07, but opened at $61.85. TTM Technologies shares last traded at $59.42, with a volume of 548,036 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wall Street Zen downgraded TTM Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday, September 26th. B. Riley upped their target price on TTM Technologies from $36.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Needham & Company LLC lifted their price objective on TTM Technologies from $56.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, September 23rd. Stifel Nicolaus increased their target price on TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Zacks Research downgraded TTM Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $54.50.

TTM Technologies Price Performance

The stock has a market capitalization of $6.25 billion, a PE ratio of 67.10 and a beta of 1.62. The stock's 50 day moving average price is $47.38 and its 200-day moving average price is $35.88. The company has a quick ratio of 1.72, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.06. The company 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 was up 20.7% compared to the same quarter last year. During the same period last year, the business posted $0.39 earnings per share. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. As a group, equities analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Insider Transactions at TTM Technologies

In other TTM Technologies news, insider Tom Clapprood sold 15,000 shares of TTM Technologies stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $44.68, for a total value of $670,200.00. Following the completion of the sale, the insider directly owned 23,531 shares of the company's stock, valued at approximately $1,051,365.08. The trade was a 38.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert P. Farrell sold 1,500 shares of the company'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 sale, the insider directly owned 23,822 shares of the company's stock, valued at approximately $1,112,249.18. This trade represents a 5.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,477 shares of company stock valued at $2,867,405 over the last quarter. 1.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Nuveen LLC bought a new stake in TTM Technologies in the first quarter valued at about $31,763,000. Invesco Ltd. lifted its position in TTM Technologies by 55.7% during the second quarter. Invesco Ltd. now owns 2,114,409 shares of the technology company's stock worth $86,310,000 after purchasing an additional 756,702 shares during the period. Neumeier Poma Investment Counsel LLC bought a new position in shares of TTM Technologies in the second quarter worth about $25,824,000. Cubist Systematic Strategies LLC raised its holdings in TTM Technologies by 1,070.1% in the 1st quarter. Cubist Systematic Strategies LLC now owns 470,679 shares of the technology company's stock valued at $9,654,000 after buying an additional 430,453 shares during the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new position in TTM Technologies during the second quarter worth $16,914,000. Institutional investors and hedge funds 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.

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