TTM Technologies (TTMI) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TTM Technologies in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TTMI shares.
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2 brokerages have issued twelve-month price targets for TTM Technologies' shares. Their TTMI share price forecasts range from $13.00 to $16.00. On average, they expect the company's stock price to reach $14.50 in the next year. This suggests a possible upside of 5.5% from the stock's current price.
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TTM Technologies' stock was trading at $15.08 on January 1st, 2023. Since then, TTMI shares have decreased by 8.9% and is now trading at $13.74.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our TTMI earnings forecast.

TTM Technologies, Inc. (NASDAQ:TTMI) posted its quarterly earnings results on Wednesday, May, 3rd. The technology company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.19 by $0.01. The technology company had revenue of $544.40 million for the quarter, compared to analyst estimates of $564.48 million. TTM Technologies had a net margin of 2.91% and a trailing twelve-month return on equity of 10.36%. TTM Technologies's quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 earnings per share.

ETFs with the largest weight of TTM Technologies (NASDAQ:TTMI) stock in their portfolio include SPDR S&P Kensho Final Frontiers ETF (ROKT), Nuveen Small Cap Select ETF (NSCS), Invesco S&P SmallCap Information Technology ETF (PSCT), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Distillate Small/Mid Cash Flow ETF (DSMC), First Trust Small Cap Value AlphaDEX Fund (FYT) and iShares US Small Cap Value Factor ETF (SVAL).

TTM Technologies updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $0.17-$0.23 for the period, compared to the consensus estimate of $0.28. The company issued revenue guidance of $530.00 million-$570.00 million, compared to the consensus revenue estimate of $587.52 million.

89 employees have rated TTM Technologies Chief Executive Officer Thomas T. Edman on Glassdoor.com. Thomas T. Edman has an approval rating of 80% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other TTM Technologies investors own include AT&T (T), Bank of America (BAC), Bellicum Pharmaceuticals (BLCM), Seagate Technology (STX), Tesla (TSLA), Cisco Systems (CSCO), Walt Disney (DIS), Ford Motor (F) and Freeport-McMoRan (FCX).

TTM Technologies trades on the NASDAQ under the ticker symbol "TTMI."

TTM Technologies' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (15.94%), Thrivent Financial for Lutherans (8.63%), Dimensional Fund Advisors LP (7.94%), Macquarie Group Ltd. (5.54%), Macquarie Group Ltd. (5.54%) and FMR LLC (4.99%). Insiders that own company stock include Anthony J Princiotta, Daniel J Weber, Douglas L Soder, Jon Pereira, Philip Titterton, Tai Keung Chung, Todd B Schull, Tony Sanchez and William Kent Hardwick.
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Shares of TTMI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TTMI stock can currently be purchased for approximately $13.74.

TTM Technologies (NASDAQ:TTMI) has a market capitalization of $1.41 billion and generates $2.46 billion in revenue each year. The technology company earns $94.58 million in net income (profit) each year or $0.69 on an earnings per share basis.

The company employs 17,800 workers across the globe.

TTM Technologies' mailing address is 200 EAST SANDPOINTE SUITE 400, SANTA ANA CA, 92707. The official website for the company is www.ttm.com. The technology company can be reached via phone at (714) 327-3000, via email at investor@ttmtech.com, or via fax at 302-655-5049.