TTM Technologies (NASDAQ:TTMI) Stock Rating Lowered by Weiss Ratings

Key Points

• TTM Technologies was downgraded by Weiss Ratings from a "buy (b-)" to a "hold (c+)" rating, indicating a shift in analyst sentiment regarding the stock.
• Despite the downgrade, TTM Technologies maintains a consensus rating of "Moderate Buy" with an average target price of $54.50.
• The company reported a 20.7% year-over-year revenue increase in its latest earnings, revealing a strong performance compared to the same quarter last year.

TTM Technologies (NASDAQ:TTMI - Get Free Report) was downgraded by research analysts at Weiss Ratings from a "buy (b-)" rating to a "hold (c+)" rating in a report released on Wednesday,Weiss Ratings reports.

Several other brokerages have also recently commented on TTMI. Wall Street Zen cut shares of TTM Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 26th. Stifel Nicolaus increased their price objective on shares of TTM Technologies from $40.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. B. Riley increased their price objective on shares of 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 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, September 23rd. Finally, Truist Financial increased their price objective on shares of TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, TTM Technologies has a consensus rating of "Moderate Buy" and an average target price of $54.50.

TTM Technologies Price Performance

TTMI stock traded up $0.52 during trading on Wednesday, hitting $58.53. 2,530,083 shares of the stock traded hands, compared to its average volume of 2,797,826. TTM Technologies has a one year low of $15.77 and a one year high of $62.60. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 65.03 and a beta of 1.63. The company has a 50 day simple moving average of $48.64 and a 200 day simple moving average of $37.15. The company has a current ratio of 2.03, a quick ratio of 1.72 and a debt-to-equity ratio of 0.56.

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

Insiders Place Their Bets

In other TTM Technologies news, insider Robert P. Farrell sold 1,500 shares of the firm's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $46.69, for a total value of $70,035.00. Following the transaction, the insider directly owned 23,822 shares of the company's stock, valued at $1,112,249.18. This trade represents a 5.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Spoto sold 3,484 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $46.58, for a total transaction of $162,284.72. Following the completion of the transaction, the insider directly owned 28,649 shares in the company, valued at approximately $1,334,470.42. This represents a 10.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,477 shares of company stock worth $2,867,405. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TTM Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sheets Smith Investment Management bought a new stake in shares of TTM Technologies during the 3rd quarter valued at approximately $217,000. Assenagon Asset Management S.A. bought a new stake in shares of TTM Technologies during the 3rd quarter valued at approximately $4,002,000. GAMMA Investing LLC grew its holdings in shares of TTM Technologies by 8.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,512 shares of the technology company's stock valued at $202,000 after purchasing an additional 268 shares during the last quarter. Corient Private Wealth LLC bought a new stake in shares of TTM Technologies during the 2nd quarter valued at approximately $213,000. Finally, Texas Permanent School Fund Corp grew its holdings in shares of TTM Technologies by 0.9% during the 2nd quarter. Texas Permanent School Fund Corp now owns 67,055 shares of the technology company's stock valued at $2,737,000 after purchasing an additional 622 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

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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