TTM Technologies (NASDAQ:TTMI) Trading Down 4% - Here's Why

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.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on TTMI. Needham & Company LLC restated a "buy" rating and set a $56.00 target price on shares of TTM Technologies in a report on Friday, August 15th. Wall Street Zen raised shares of TTM Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday. 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. B. Riley raised their price objective on TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Finally, Stifel Nicolaus lifted their target price on TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $52.25.

TTM Technologies Stock Down 2.5%

The stock has a 50-day moving average of $45.27 and a 200-day moving average of $33.49. The company has a current ratio of 2.03, a quick ratio of 1.72 and a debt-to-equity ratio of 0.56. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 54.48 and a beta of 1.57.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted 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. The company had revenue of $730.62 million for the quarter, compared to the consensus estimate of $668.42 million. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%.The company's quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 EPS. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. As a group, sell-side analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling at TTM Technologies

In related news, COO Philip Titterton sold 23,486 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $36.39, for a total transaction of $854,655.54. Following the sale, the chief operating officer directly owned 123,338 shares in the company, valued at $4,488,269.82. This represents a 16.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Catherine A. Gridley sold 25,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $40.46, for a total value of $1,011,500.00. Following the completion of the transaction, the executive vice president owned 101,986 shares in the company, valued at $4,126,353.56. This represents a 19.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,759 shares of company stock worth $4,136,826 in the last ninety days. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On TTM Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Focus Partners Wealth raised its position in TTM Technologies by 1.1% during the first quarter. Focus Partners Wealth now owns 31,944 shares of the technology company's stock valued at $655,000 after purchasing an additional 343 shares in the last quarter. Yousif Capital Management LLC raised its holdings in shares of TTM Technologies by 1.0% during the second quarter. Yousif Capital Management LLC now owns 38,027 shares of the technology company's stock valued at $1,552,000 after purchasing an additional 374 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of TTM Technologies by 52.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,244 shares of the technology company's stock worth $51,000 after acquiring an additional 430 shares during the last quarter. KLP Kapitalforvaltning AS raised its holdings in shares of TTM Technologies by 2.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 21,200 shares of the technology company's stock worth $865,000 after acquiring an additional 500 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in TTM Technologies by 4.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,949 shares of the technology company's stock valued at $345,000 after buying an additional 555 shares during the last quarter. Institutional investors own 95.79% of the company's stock.

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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