TTM Technologies (NASDAQ:TTMI) Stock Rating Lowered by Wall Street Zen

Key Points

• TTM Technologies' stock rating was downgraded from a "strong-buy" to a "buy" by Wall Street Zen in a report released on Friday.
• Despite the downgrade, TTM Technologies continues to receive positive ratings from several analysts, with price targets ranging from $48.00 to $65.00.
• The company reported a 20.7% year-over-year revenue increase in its latest quarterly earnings, achieving $730.62 million against an estimated $668.42 million.

TTM Technologies (NASDAQ:TTMI - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Friday.

Other equities analysts also recently issued reports about the company. Truist Financial raised their price objective on TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a report on Monday, July 7th. 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. Stifel Nicolaus lifted their price target on shares of TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Needham & Company LLC increased their price objective on shares of TTM Technologies from $56.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $54.50.

TTM Technologies Stock Up 2.3%

Shares of TTMI opened at $55.78 on Friday. TTM Technologies has a fifty-two week low of $15.77 and a fifty-two week high of $58.74. The company's fifty day moving average is $46.67 and its two-hundred day moving average is $35.13. The firm has a market cap of $5.76 billion, a PE ratio of 61.98 and a beta of 1.57. 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 data on Wednesday, July 30th. The technology company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.06. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%.The business had revenue of $730.62 million during the quarter, compared to the consensus estimate of $668.42 million. During the same period in the prior year, the firm posted $0.39 EPS. The business's revenue for the quarter was up 20.7% on a year-over-year basis. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. Analysts forecast that TTM Technologies will post 1.76 earnings per share for the current year.

Insider Buying and Selling at TTM Technologies

In related news, insider Steven Spoto sold 3,484 shares of TTM Technologies stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $46.58, for a total transaction of $162,284.72. Following the sale, the insider owned 28,649 shares of the company's stock, valued at $1,334,470.42. The trade was a 10.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tom Clapprood sold 15,000 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $44.68, for a total value of $670,200.00. Following the sale, the insider owned 23,531 shares of the company's stock, valued at $1,051,365.08. This represents a 38.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,477 shares of company stock worth $2,867,405. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TTM Technologies

A number of institutional investors have recently made changes to their positions in the business. Concord Wealth Partners acquired a new stake in shares of TTM Technologies during the second quarter worth approximately $47,000. EverSource Wealth Advisors LLC boosted its stake in TTM Technologies by 52.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,244 shares of the technology company's stock valued at $51,000 after acquiring an additional 430 shares during the last quarter. Quarry LP grew its holdings in TTM Technologies by 249.9% during the 1st quarter. Quarry LP now owns 2,110 shares of the technology company's stock worth $43,000 after acquiring an additional 1,507 shares in the last quarter. USA Financial Formulas increased its position in shares of TTM Technologies by 119.1% in the 1st quarter. USA Financial Formulas now owns 2,237 shares of the technology company's stock worth $46,000 after purchasing an additional 1,216 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of TTM Technologies by 30.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,244 shares of the technology company's stock valued at $132,000 after purchasing an additional 760 shares in the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

TTM Technologies Company Profile

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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