TTM Technologies (NASDAQ:TTMI) Upgraded by Wall Street Zen to Strong-Buy Rating

Key Points

• TTM Technologies (NASDAQ:TTMI) has been upgraded to a strong-buy rating by Wall Street Zen, reflecting increased analyst confidence in the stock.
• Several analysts have raised their target prices for TTM Technologies, with estimates now ranging up to $56.00, indicating a consensus target price of $52.25.
• In its most recent earnings report, TTM Technologies reported an EPS of $0.58, exceeding expectations, and achieved a revenue growth of 20.7% compared to the same quarter last year.

TTM Technologies (NASDAQ:TTMI - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday.

A number of other analysts also recently issued reports on the stock. Stifel Nicolaus increased their target price 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 target price 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 set a $56.00 target price on shares of TTM Technologies in a research report on Friday, August 15th. Finally, Truist Financial increased their target price 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 investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $52.25.

TTM Technologies Trading Down 3.2%

Shares of TTMI stock opened at $46.77 on Friday. The firm has a 50-day moving average price of $44.97 and a 200 day moving average price of $33.07. TTM Technologies has a twelve month low of $15.77 and a twelve month high of $51.15. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 51.97 and a beta of 1.57. 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 posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.58 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 quarter in the prior year, the company posted $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. Research analysts forecast that TTM Technologies will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other TTM Technologies news, EVP Catherine A. Gridley sold 20,000 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 81,986 shares of the company's stock, valued at $3,632,799.66. This trade represents a 19.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert P. Farrell sold 1,500 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $46.69, for a total transaction of $70,035.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold 100,759 shares of company stock valued at $4,136,826 over the last three months. Company insiders own 1.30% of the company's stock.

Institutional Trading of TTM Technologies

A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in shares of TTM Technologies by 0.3% during the second quarter. Geode Capital Management LLC now owns 2,557,256 shares of the technology company's stock worth $104,399,000 after buying an additional 7,814 shares in the last quarter. Invesco Ltd. grew its position in shares of TTM Technologies by 55.7% during the second quarter. Invesco Ltd. now owns 2,114,409 shares of the technology company's stock worth $86,310,000 after buying an additional 756,702 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of TTM Technologies by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company's stock worth $34,989,000 after buying an additional 115,766 shares in the last quarter. Nuveen LLC acquired a new stake in shares of TTM Technologies during the first quarter worth approximately $31,763,000. Finally, Emerald Advisers LLC grew its position in shares of TTM Technologies by 34.3% during the first quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company's stock worth $29,533,000 after buying an additional 367,798 shares in the last quarter. Institutional investors and hedge funds 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.

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