TTM Technologies (NASDAQ:TTMI) Upgraded at Weiss Ratings

Key Points

• TTM Technologies has been upgraded by Weiss Ratings from a "hold" to a "buy" rating as of Friday, signaling strong investor confidence.
• Despite the upgrade, the firm has seen mixed ratings from other analysts, with Zacks Research recently downgrading it from "strong-buy" to "hold".
• The company's stock currently trades at approximately $58.75, with a year-over-year revenue increase of 20.7% and an EPS of $0.58, surpassing expectations.

TTM Technologies (NASDAQ:TTMI - Get Free Report) was upgraded by analysts at Weiss Ratings from a "hold (c+)" rating to a "buy (b-)" rating in a research note issued to investors on Friday,Weiss Ratings reports.

TTMI has been the subject of several other reports. Zacks Research cut shares of TTM Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. Wall Street Zen cut shares of TTM Technologies from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 19th. 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. 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. 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, September 23rd. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, TTM Technologies has an average rating of "Moderate Buy" and an average price target of $54.50.

TTM Technologies Trading Up 0.6%

NASDAQ TTMI traded up $0.35 on Friday, hitting $58.75. The company's stock had a trading volume of 1,600,587 shares, compared to its average volume of 2,288,334. 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 has a 1-year low of $15.77 and a 1-year high of $62.60. The company's 50-day moving average is $51.65 and its 200 day moving average is $40.16. The firm has a market cap of $6.07 billion, a PE ratio of 65.28 and a beta of 1.63.

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 analysts' expectations of $668.42 million. During the same period in the prior year, the company posted $0.39 EPS. The company's 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. As a group, analysts predict that TTM Technologies will post 1.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TTM Technologies news, EVP Catherine A. Gridley sold 20,000 shares of the firm's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $44.31, for a total value of $886,200.00. Following the transaction, the executive vice president directly owned 81,986 shares of the company's stock, valued at approximately $3,632,799.66. This trade represents a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven Spoto sold 3,484 shares of the firm's 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 completion of the transaction, the insider directly owned 28,649 shares in the company, valued at $1,334,470.42. This trade represents a 10.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 66,477 shares of company stock valued at $2,867,405. 1.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Salomon & Ludwin LLC bought a new position in shares of TTM Technologies in the third quarter valued at $39,000. Concord Wealth Partners bought a new position in shares of TTM Technologies in the second quarter valued at $47,000. EverSource Wealth Advisors LLC lifted its stake in shares of TTM Technologies by 52.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,244 shares of the technology company's stock valued at $51,000 after buying an additional 430 shares in the last quarter. Quarry LP lifted its stake in shares of TTM Technologies by 249.9% in the first quarter. Quarry LP now owns 2,110 shares of the technology company's stock valued at $43,000 after buying an additional 1,507 shares in the last quarter. Finally, USA Financial Formulas bought a new position in shares of TTM Technologies in the third quarter valued at $141,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.