TTM Technologies (NASDAQ:TTMI) Shares Up 7% - Still a Buy?

Key Points

• Shares jumped 7% to about $142.27 on Friday (on light volume), trading well above the consensus target of $124 and reflecting a consensus rating of "Moderate Buy" (five Buys, one Hold).
• Quarterly results beat estimates: TTM reported $0.70 EPS vs. $0.68 expected and $763.5M revenue (up 19% year‑over‑year), and set Q1 2026 guidance of $0.64–$0.70 EPS.
• Insider selling but heavy institutional ownership: insiders sold about 105,150 shares (~$10.4M) over the last 90 days and now own 1.3%, while institutions own 95.79% of the stock with major positions added by Vanguard, Invesco and Whale Rock.

Shares of TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) traded up 7% on Friday . The company traded as high as $142.59 and last traded at $142.2730. 272,335 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 2,355,238 shares. The stock had previously closed at $132.98.

Analyst Ratings Changes

A number of research firms have issued reports on TTMI. B. Riley Financial restated a "buy" rating on shares of TTM Technologies in a report on Friday. Needham & Company LLC boosted their target price on shares of TTM Technologies from $105.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, February 5th. Zacks Research lowered shares of TTM Technologies from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 6th. Weiss Ratings upgraded shares of TTM Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, February 18th. Finally, Stifel Nicolaus lifted their price target on shares of TTM Technologies from $108.00 to $135.00 and gave the company a "buy" rating in a research note on Monday. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $124.00.

TTM Technologies Trading Up 11.3%

The firm has a market cap of $15.37 billion, a price-to-earnings ratio of 87.68 and a beta of 1.76. The firm's 50-day moving average is $103.96 and its 200-day moving average is $84.33. The company has a current ratio of 1.93, a quick ratio of 1.67 and a debt-to-equity ratio of 0.52.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. The firm had revenue of $763.53 million for the quarter, compared to analyst estimates of $752.96 million. TTM Technologies had a net margin of 6.11% and a return on equity of 13.30%. The business's quarterly revenue was up 19.0% compared to the same quarter last year. During the same period last year, the firm earned $0.60 earnings per share. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. As a group, sell-side analysts anticipate that TTM Technologies, Inc. will post 2.94 EPS for the current fiscal year.

Insider Activity at TTM Technologies

In related news, Director Thomas T. Edman sold 16,800 shares of the company's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $100.23, for a total transaction of $1,683,864.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Catherine A. Gridley sold 20,000 shares of the firm's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $105.94, for a total value of $2,118,800.00. Following the transaction, the executive vice president owned 78,645 shares in the company, valued at approximately $8,331,651.30. This trade represents a 20.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 105,150 shares of company stock valued at $10,412,586 over the last 90 days. Insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of TTM Technologies by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 13,156,053 shares of the technology company's stock worth $757,789,000 after buying an additional 60,002 shares during the last quarter. Invesco Ltd. increased its holdings in TTM Technologies by 3.5% during the fourth quarter. Invesco Ltd. now owns 4,980,091 shares of the technology company's stock worth $343,626,000 after buying an additional 166,188 shares during the last quarter. Whale Rock Capital Management LLC raised its position in TTM Technologies by 112.1% in the fourth quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company's stock worth $295,066,000 after acquiring an additional 2,260,035 shares during the period. Polar Capital Holdings Plc purchased a new position in TTM Technologies in the third quarter valued at about $176,376,000. Finally, Geode Capital Management LLC boosted its stake in TTM Technologies by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 2,667,956 shares of the technology company's stock valued at $184,119,000 after acquiring an additional 81,588 shares during the last quarter. Institutional investors own 95.79% of the company's stock.

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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