TTM Technologies (NASDAQ:TTMI) Raised to "Strong-Buy" at Wall Street Zen

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 equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Saturday.

TTMI has been the subject of several other research reports. B. Riley boosted 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. Truist Financial boosted their price objective on 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 boosted their price objective on 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 reaffirmed a "buy" rating and set a $56.00 price target on shares of TTM Technologies in a research report on Friday, August 15th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, TTM Technologies has a consensus rating of "Buy" and a consensus price target of $52.25.

TTM Technologies Trading Up 7.8%

Shares of TTM Technologies stock traded up $3.81 during midday trading on Friday, reaching $52.84. The company had a trading volume of 3,327,815 shares, compared to its average volume of 1,916,838. The firm has a market cap of $5.46 billion, a PE ratio of 58.71 and a beta of 1.57. The stock has a fifty day moving average price of $45.55 and a 200 day moving average price of $33.80. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 1.72. TTM Technologies has a fifty-two week low of $15.77 and a fifty-two week high of $52.95.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.06. The business had revenue of $730.62 million during 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 firm's revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 earnings per share. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. On average, equities analysts anticipate that TTM Technologies will post 1.76 earnings per share for the current year.

Insider Buying and Selling at TTM Technologies

In other news, insider Robert P. Farrell sold 1,500 shares of the company's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $46.69, for a total transaction of $70,035.00. Following the sale, the insider owned 23,822 shares of the company's stock, valued at approximately $1,112,249.18. This represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Wajid Ali bought 5,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average price of $41.75 per share, with a total value of $208,750.00. Following the purchase, the director owned 19,024 shares of the company's stock, valued at approximately $794,252. This represents a 35.65% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 100,759 shares of company stock valued at $4,136,826. Insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On TTM Technologies

Large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its stake in TTM Technologies by 2.7% in the first quarter. Principal Financial Group Inc. now owns 507,745 shares of the technology company's stock valued at $10,414,000 after acquiring an additional 13,299 shares in the last quarter. New York State Teachers Retirement System lifted its position in TTM Technologies by 0.5% in the first quarter. New York State Teachers Retirement System now owns 110,577 shares of the technology company's stock valued at $2,268,000 after purchasing an additional 567 shares during the period. GAMMA Investing LLC lifted its position in TTM Technologies by 2,396.2% in the first quarter. GAMMA Investing LLC now owns 50,947 shares of the technology company's stock valued at $1,045,000 after purchasing an additional 48,906 shares during the period. Emerald Advisers LLC lifted its position in TTM Technologies by 34.3% in the first quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company's stock valued at $29,533,000 after purchasing an additional 367,798 shares during the period. Finally, Jump Financial LLC increased its holdings in TTM Technologies by 419.1% in the first quarter. Jump Financial LLC now owns 73,336 shares of the technology company's stock valued at $1,504,000 after buying an additional 59,209 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.