TTM Technologies (NASDAQ:TTMI) Shares Gap Up - Should You Buy?

Key Points

• TTM Technologies shares opened at $59.20 after closing the previous day at $56.69, signaling a notable gap in trading prices.
• Analysts have mixed ratings on the stock, with Needham & Company upgrading it to a "buy" rating and Zacks Research downgrading it to a "hold," resulting in a consensus rating of "Moderate Buy."
• The company reported a strong performance with a 20.7% increase in revenue year-over-year and EPS of $0.58, exceeding analysts' expectations.

Shares of TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $56.69, but opened at $59.20. TTM Technologies shares last traded at $56.27, with a volume of 310,915 shares traded.

Analyst Upgrades and Downgrades

TTMI has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their target price on shares of TTM Technologies from $56.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. Zacks Research downgraded shares of TTM Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Truist Financial upped their price objective on shares of TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a report on Monday, July 7th. Wall Street Zen downgraded shares of TTM Technologies from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Finally, Stifel Nicolaus upped their price target on shares of TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, TTM Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $54.50.

TTM Technologies Price Performance

The stock has a market cap of $5.73 billion, a P/E ratio of 61.60 and a beta of 1.63. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 1.72. The business's fifty day moving average price is $50.78 and its 200 day moving average price is $39.49.

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

Insider Buying and Selling

In other news, Director Wajid Ali bought 5,000 shares of the firm's stock in a transaction on Monday, August 18th. The stock was acquired at an average price of $41.75 per share, with a total value of $208,750.00. Following the transaction, the director owned 19,024 shares of the company's stock, valued at $794,252. This trade represents a 35.65% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert P. Farrell sold 1,500 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were 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 $1,112,249.18. This represents a 5.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,477 shares of company stock valued at $2,867,405 over the last three months. Insiders own 1.30% of the company's stock.

Institutional Trading of TTM Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC acquired a new stake in TTM Technologies during the 3rd quarter valued at approximately $39,000. Quarry LP increased its position in TTM Technologies by 249.9% during the 1st 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 period. Concord Wealth Partners acquired a new stake in shares of TTM Technologies during the 2nd quarter worth approximately $47,000. EverSource Wealth Advisors LLC grew its position in shares of TTM Technologies by 52.8% during the 2nd 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 during the period. Finally, CWM LLC grew its position in shares of TTM Technologies by 14.4% during the 1st quarter. CWM LLC now owns 4,501 shares of the technology company's stock worth $92,000 after buying an additional 567 shares during the period. 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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