TTM Technologies (NASDAQ:TTMI) Downgraded to "Buy" Rating by Wall Street Zen

Key Points

• Wall Street Zen has downgraded TTM Technologies (NASDAQ:TTMI) from a "strong-buy" to a "buy" rating.
• Several brokerages, including Truist Financial and Stifel Nicolaus, have issued buy ratings while increasing their price targets for TTM Technologies to between $48.00 and $55.00.
• TTM Technologies reported a 20.7% increase in revenue year-over-year, with earnings per share exceeding consensus estimates, and announced a $100 million share buyback plan.

Wall Street Zen lowered shares of TTM Technologies (NASDAQ:TTMI - Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning.

Other equities analysts have also recently issued reports about the stock. B. Riley lifted their target price on shares of TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Stifel Nicolaus boosted 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. Truist Financial boosted 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. Finally, Needham & Company LLC reissued a "buy" rating and issued a $56.00 target price on shares of TTM Technologies in a research note on Friday, August 15th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, TTM Technologies presently has an average rating of "Buy" and an average target price of $52.25.

TTM Technologies Trading Up 4.0%

Shares of NASDAQ:TTMI traded up $1.90 during midday trading on Friday, reaching $49.50. 768,419 shares of the company's stock were exchanged, compared to its average volume of 1,337,028. The firm's 50 day simple moving average is $44.69 and its two-hundred day simple moving average is $32.64. TTM Technologies has a fifty-two week low of $15.77 and a fifty-two week high of $51.15. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 54.93 and a beta of 1.57. 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 (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, topping analysts' consensus estimates of $0.52 by $0.06. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%.The company had revenue of $730.62 million during the quarter, compared to the consensus estimate of $668.42 million. During the same period in the previous year, the business earned $0.39 EPS. TTM Technologies's revenue for the quarter 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, sell-side analysts forecast that TTM Technologies will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Robert P. Farrell sold 1,500 shares of the firm's stock in a transaction dated 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 directly owned 23,822 shares in the company, valued at approximately $1,112,249.18. This trade represents a 5.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven Spoto sold 3,484 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $46.58, for a total value of $162,284.72. Following the completion of the transaction, the insider owned 28,649 shares of the company's stock, valued at approximately $1,334,470.42. This represents a 10.84% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,759 shares of company stock valued at $4,136,826. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. raised its position in shares of TTM Technologies by 41.2% in the 2nd quarter. Osaic Holdings Inc. now owns 10,251 shares of the technology company's stock valued at $418,000 after purchasing an additional 2,990 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of TTM Technologies by 91.2% in the 2nd quarter. Squarepoint Ops LLC now owns 56,418 shares of the technology company's stock worth $2,303,000 after purchasing an additional 26,914 shares during the last quarter. Cim Investment Management Inc. acquired a new stake in shares of TTM Technologies in the 2nd quarter valued at about $375,000. Nomura Holdings Inc. bought a new position in shares of TTM Technologies during the second quarter worth about $1,505,000. Finally, Public Sector Pension Investment Board grew its stake in TTM Technologies by 7.1% in the second quarter. Public Sector Pension Investment Board now owns 346,470 shares of the technology company's stock worth $14,143,000 after purchasing an additional 23,068 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.