TTM Technologies (NASDAQ:TTMI) Trading 5.7% Higher – Still a Buy?

TTM Technologies, Inc. (NASDAQ:TTMI) shares traded up 5.7% during trading on Wednesday . The company traded as high as $169.23 and last traded at $170.5390. 156,984 shares changed hands during trading, a decline of 93% from the average session volume of 2,401,477 shares. The stock had previously closed at $161.41.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. B. Riley Financial reissued a “buy” rating on shares of TTM Technologies in a report on Wednesday. Zacks Research downgraded TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Needham & Company LLC raised their target price on TTM Technologies from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday. Finally, Stifel Nicolaus raised their target price on TTM Technologies from $108.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, TTM Technologies has an average rating of “Moderate Buy” and a consensus price target of $149.50.

TTM Technologies Stock Performance

The stock has a market capitalization of $18.13 billion, a P/E ratio of 94.35 and a beta of 2.11. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $124.90 and a two-hundred day moving average price of $97.42.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. The company had revenue of $845.98 million during the quarter, compared to analyst estimates of $789.84 million. During the same period last year, the business earned $0.50 earnings per share. TTM Technologies’s revenue was up 30.4% compared to the same quarter last year. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. Equities analysts expect that TTM Technologies, Inc. will post 3.17 earnings per share for the current year.

Insider Activity at TTM Technologies

In other news, Director Thomas T. Edman sold 16,800 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $100.23, for a total value of $1,683,864.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On TTM Technologies

Several large investors have recently added to or reduced their stakes in TTMI. Polar Capital Holdings Plc bought a new stake in TTM Technologies during the third quarter valued at $176,376,000. Invesco Ltd. boosted its stake in TTM Technologies by 127.7% during the third quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock valued at $277,281,000 after buying an additional 2,699,494 shares during the period. Whale Rock Capital Management LLC boosted its stake in TTM Technologies by 112.1% during the fourth quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company’s stock valued at $295,066,000 after buying an additional 2,260,035 shares during the period. Castle Hook Partners LP bought a new stake in TTM Technologies during the fourth quarter valued at $133,351,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in TTM Technologies by 575.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,831,425 shares of the technology company’s stock valued at $105,490,000 after buying an additional 1,560,394 shares during the period. Institutional investors own 95.79% of the company’s stock.

TTM Technologies Company Profile

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.