TTM Technologies, Inc. (NASDAQ:TTMI) Receives Consensus Recommendation of “Buy” from Analysts

TTM Technologies, Inc. (NASDAQ:TTMI) has been assigned an average rating of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $209.00.

TTMI has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Zacks Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Wall Street Zen downgraded shares of TTM Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. B. Riley Financial upped their price target on shares of TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $208.00 price target on shares of TTM Technologies in a research report on Thursday.

Insider Buying and Selling at TTM Technologies

In related news, Director Thomas T. Edman sold 16,800 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $100.23, for a total transaction of $1,683,864.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of TTM Technologies by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 13,156,053 shares of the technology company’s stock worth $757,789,000 after purchasing an additional 60,002 shares during the last quarter. Invesco Ltd. raised its position in shares of TTM Technologies by 3.5% during the 4th quarter. Invesco Ltd. now owns 4,980,091 shares of the technology company’s stock worth $343,626,000 after purchasing an additional 166,188 shares during the last quarter. Whale Rock Capital Management LLC raised its position in shares of TTM Technologies by 112.1% during the 4th quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company’s stock worth $295,066,000 after purchasing an additional 2,260,035 shares during the last quarter. Polar Capital Holdings Plc acquired a new position in shares of TTM Technologies during the 3rd quarter worth about $176,376,000. Finally, Geode Capital Management LLC raised its position in shares of TTM Technologies by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 2,667,956 shares of the technology company’s stock worth $184,119,000 after purchasing an additional 81,588 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

TTM Technologies Trading Up 3.7%

Shares of TTM Technologies stock opened at $194.05 on Monday. The firm has a 50-day simple moving average of $152.57 and a two-hundred day simple moving average of $110.30. The company has a market cap of $20.15 billion, a P/E ratio of 104.89 and a beta of 2.09. TTM Technologies has a fifty-two week low of $35.01 and a fifty-two week high of $200.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.88.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $845.98 million during the quarter, compared to the consensus estimate of $789.84 million. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. The company’s revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 earnings per share. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. As a group, equities analysts predict that TTM Technologies will post 3.7 earnings per share for the current fiscal year.

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.