TTM Technologies (NASDAQ:TTMI) Trading Down 4% - What's Next?

Key Points

• TTM Technologies saw a decline of 4% in its stock price during mid-day trading, falling from a previous close of $50.27 to $48.25.
• Analysts maintain a consensus rating of "Buy" for TTM Technologies, with an average target price of $52.25 following various price target updates from brokerages.
• The company reported $0.58 EPS in its latest quarter, exceeding analyst expectations while demonstrating a revenue increase of 20.7% compared to the previous year.

Shares of TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) dropped 4% on Wednesday . The company traded as low as $48.29 and last traded at $48.25. Approximately 1,114,564 shares traded hands during trading, a decline of 18% from the average daily volume of 1,356,584 shares. The stock had previously closed at $50.27.

Analyst Ratings Changes

TTMI has been the subject of several recent analyst reports. Stifel Nicolaus boosted their price objective 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. Wall Street Zen upgraded TTM Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 13th. B. Riley upped 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 reissued a "buy" rating and issued a $56.00 price target on shares of TTM Technologies in a report on Friday, August 15th. Finally, Truist Financial raised their price target on TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, TTM Technologies has a consensus rating of "Buy" and an average price target of $52.25.

TTM Technologies Trading Down 1.4%

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 firm's 50 day moving average price is $45.71 and its 200 day moving average price is $34.16. The stock has a market capitalization of $5.38 billion, a P/E ratio of 57.91 and a beta of 1.57.

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

Insider Buying and Selling at TTM Technologies

In related news, EVP Catherine A. Gridley sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $44.31, for a total value of $886,200.00. Following the sale, the executive vice president owned 81,986 shares in the company, valued at $3,632,799.66. This represents a 19.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Wajid Ali bought 5,000 shares of the business's stock in a transaction dated Monday, August 18th. The stock was bought at an average cost of $41.75 per share, for a total transaction of $208,750.00. Following the completion of the purchase, the director owned 19,024 shares of the company's stock, valued at approximately $794,252. The trade was a 35.65% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 100,759 shares of company stock worth $4,136,826. Insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On TTM Technologies

A number of hedge funds have recently bought and sold shares of TTMI. Concord Wealth Partners purchased a new stake in shares of TTM Technologies during the 2nd quarter valued at about $47,000. EverSource Wealth Advisors LLC grew its stake 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 valued at $51,000 after purchasing an additional 430 shares during the period. Quarry LP increased its position in shares of 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 last quarter. USA Financial Formulas boosted its holdings in shares of TTM Technologies by 119.1% in the first quarter. USA Financial Formulas now owns 2,237 shares of the technology company's stock worth $46,000 after buying an additional 1,216 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in TTM Technologies by 30.6% during the second quarter. GAMMA Investing LLC now owns 3,244 shares of the technology company's stock valued at $132,000 after buying an additional 760 shares during the period. Hedge funds and other institutional investors 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.