Wall Street Zen Downgrades TTM Technologies (NASDAQ:TTMI) to Buy

Key Points

• TTM Technologies (NASDAQ:TTMI) was downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, indicating a shift in analyst sentiment.
• Several brokerages, including Weiss Ratings, have also changed their ratings on TTM Technologies, with a consensus rating of "Moderate Buy" and a target price of $54.50.
• TTM Technologies reported strong quarterly earnings, beating expectations with an EPS of $0.58, driven by a 20.7% year-over-year revenue increase.

TTM Technologies (NASDAQ:TTMI - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Sunday.

Several other brokerages have also issued reports on TTMI. Weiss Ratings lowered TTM Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. Truist Financial boosted their target price on TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, July 7th. B. Riley reaffirmed a "buy" rating on shares of TTM Technologies in a research report on Friday, October 10th. Stifel Nicolaus upped their price target 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, Zacks Research downgraded TTM Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.50.

TTM Technologies Stock Performance

TTM Technologies stock opened at $57.16 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 1.72. The stock has a fifty day moving average price of $50.31 and a two-hundred day moving average price of $38.94. TTM Technologies has a 52-week low of $15.77 and a 52-week high of $62.60. The firm has a market capitalization of $5.91 billion, a P/E ratio of 63.51 and a beta of 1.63.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released 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. The business had revenue of $730.62 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 earnings per share. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. As a group, analysts anticipate that TTM Technologies will post 1.76 EPS for the current fiscal year.

Insider Activity

In related news, insider Robert P. Farrell sold 1,500 shares of the firm's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $46.69, for a total value of $70,035.00. Following the transaction, the insider owned 23,822 shares in the company, valued at approximately $1,112,249.18. This trade represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tom Clapprood sold 15,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $44.68, for a total value of $670,200.00. Following the completion of the transaction, the insider owned 23,531 shares in the company, valued at $1,051,365.08. The trade was a 38.93% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,477 shares of company stock worth $2,867,405. Corporate insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TTMI. Highland Capital Management LLC acquired a new stake in shares of TTM Technologies during the third quarter valued at about $245,000. Precision Wealth Strategies LLC acquired a new stake in shares of TTM Technologies during the third quarter valued at about $1,498,000. CWM LLC boosted its stake in shares of TTM Technologies by 54.7% during the third quarter. CWM LLC now owns 6,197 shares of the technology company's stock valued at $357,000 after purchasing an additional 2,190 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of TTM Technologies by 4,005.4% during the third quarter. Harbor Capital Advisors Inc. now owns 11,495 shares of the technology company's stock valued at $662,000 after purchasing an additional 11,215 shares in the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of TTM Technologies during the third quarter valued at about $141,000. Institutional investors own 95.79% of the company's stock.

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.

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