TTM Technologies (NASDAQ:TTMI - Get Free Report) issued an update on its third quarter 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.570-0.630 for the period, compared to the consensus earnings per share estimate of 0.540. The company issued revenue guidance of $690.0 million-$730.0 million, compared to the consensus revenue estimate of $670.7 million.
Analysts Set New Price Targets
Several research firms have recently commented on TTMI. Wall Street Zen upgraded shares of TTM Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Needham & Company LLC raised their target price on shares of TTM Technologies from $43.00 to $56.00 and gave the stock a "buy" rating in a research note on Thursday. Stifel Nicolaus raised their target price on shares of TTM Technologies from $40.00 to $55.00 and gave the stock a "buy" rating in a research note on Thursday. B. Riley raised their target price on shares of TTM Technologies from $36.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Finally, Truist Financial raised their target price on shares of TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, TTM Technologies has a consensus rating of "Buy" and an average price target of $52.25.
View Our Latest Research Report on TTMI
TTM Technologies Price Performance
Shares of TTMI stock traded down $3.91 during midday trading on Friday, reaching $43.34. 5,240,632 shares of the company traded hands, compared to its average volume of 2,661,912. The firm's 50 day simple moving average is $39.70 and its two-hundred day simple moving average is $29.08. TTM Technologies has a 1-year low of $15.77 and a 1-year high of $51.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 1.75. The firm has a market cap of $4.40 billion, a PE ratio of 48.16 and a beta of 1.48.
TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly earnings results 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 company 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 earned $0.39 EPS. The company's revenue for the quarter was up 20.7% on a year-over-year basis. On average, equities research analysts expect that TTM Technologies will post 1.76 EPS for the current fiscal year.
TTM Technologies announced that its board has initiated a share buyback plan on Friday, May 9th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 3.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.
Insider Activity at TTM Technologies
In other TTM Technologies news, COO Philip Titterton sold 23,486 shares of TTM Technologies stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $36.39, for a total transaction of $854,655.54. Following the completion of the transaction, the chief operating officer owned 123,338 shares in the company, valued at approximately $4,488,269.82. The trade was a 16.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Dale Martin Knecht sold 10,000 shares of TTM Technologies stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the transaction, the senior vice president owned 76,346 shares of the company's stock, valued at approximately $2,253,733.92. The trade was a 11.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,226 shares of company stock valued at $3,504,492 in the last quarter. 1.30% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On TTM Technologies
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in 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 worth $655,000 after acquiring an additional 343 shares during the last quarter. Jane Street Group LLC raised its position in shares of TTM Technologies by 1,150.2% in the first quarter. Jane Street Group LLC now owns 139,889 shares of the technology company's stock valued at $2,869,000 after buying an additional 128,700 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of TTM Technologies by 7.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,563 shares of the technology company's stock valued at $3,908,000 after buying an additional 13,691 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of TTM Technologies by 7.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company's stock valued at $34,989,000 after buying an additional 115,766 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of TTM Technologies by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,087 shares of the technology company's stock valued at $1,232,000 after buying an additional 2,632 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.
TTM Technologies Company Profile
(
Get Free Report)
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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