TTM Technologies (NASDAQ:TTMI) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of TTM Technologies (NASDAQ:TTMI) from a buy rating to a strong-buy rating in a research note released on Saturday morning,Wall Street Zen reports.

Several other brokerages also recently issued reports on TTMI. Truist Financial cut their price target on TTM Technologies from $231.00 to $170.00 and set a “buy” rating for the company in a report on Friday. Stifel Nicolaus decreased their price objective on shares of TTM Technologies from $205.00 to $165.00 and set a “buy” rating on the stock in a report on Friday. Zacks Research downgraded shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Weiss Ratings lowered shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Finally, Needham & Company LLC cut their target price on shares of TTM Technologies from $175.00 to $150.00 and set a “buy” rating for the company in a research note on Friday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.25.

TTM Technologies Price Performance

NASDAQ:TTMI opened at $80.11 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.67 and a debt-to-equity ratio of 0.71. The stock’s 50 day moving average price is $117.07 and its two-hundred day moving average price is $141.70. The firm has a market capitalization of $8.44 billion, a price-to-earnings ratio of 31.92 and a beta of 2.14. TTM Technologies has a 12-month low of $55.44 and a 12-month high of $223.83.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Thursday, October 22nd. The technology company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.21. TTM Technologies had a return on equity of 19.19% and a net margin of 7.01%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the firm posted $0.50 earnings per share. The business’s revenue was up 59.9% on a year-over-year basis. On average, analysts anticipate that TTM Technologies will post 4.22 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Dale Knecht sold 26,198 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $142.00, for a total value of $3,720,116.00. Following the completion of the sale, the senior vice president directly owned 40,138 shares in the company, valued at $5,699,596. The trade was a 39.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Edwin Roks purchased 10,000 shares of TTM Technologies stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average price of $111.77 per share, with a total value of $1,117,700.00. Following the completion of the purchase, the chief executive officer directly owned 64,814 shares in the company, valued at $7,244,260.78. This trade represents a 18.24% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TTMI. Harbor Investment Advisory LLC acquired a new position in shares of TTM Technologies in the second quarter valued at about $29,000. GoalVest Advisory LLC raised its stake in TTM Technologies by 456.7% in the 2nd quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock worth $31,000 after purchasing an additional 137 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in TTM Technologies in the 2nd quarter worth about $47,000. Root Financial Partners LLC acquired a new stake in TTM Technologies in the 3rd quarter worth about $31,000. Finally, Persistent Asset Partners Ltd acquired a new stake in TTM Technologies in the 2nd quarter worth about $49,000. Institutional investors own 95.79% of the company’s stock.

TTM Technologies News Roundup

Here are the key news stories impacting TTM Technologies this week:

• Positive Sentiment: Record results exceeded expectations. Third-quarter revenue rose 59.9% year over year to $1.20 billion, while non-GAAP EPS of $1.46 topped the $1.25 consensus. Adjusted EBITDA reached a record $242.3 million, with the margin expanding to 20.1%. AI-driven data-center demand and aerospace and defense spending were key growth drivers. TTMI Q3 Earnings & Revenues Surpass Estimates, Both Surge Year over Year
• Positive Sentiment: Management raised its outlook. TTM now expects 2026 revenue of $4.47 billion to $4.49 billion and non-GAAP EPS of $4.97 to $5.03, above consensus. Fourth-quarter EPS guidance of $1.77 to $1.83 also exceeds estimates, while preliminary 2027 guidance calls for $6.5 billion to $6.75 billion in revenue and $8.10 to $8.90 in EPS. TTM Technologies Reports Third Quarter 2026 Results
• Neutral Sentiment: Growth visibility is improving, but execution remains important. Data Center and Networking accounted for 41% of sales, total book-to-bill was 2.13, and aerospace and defense backlog reached $2 billion. However, planned acquisitions—including the $650 million Ophir Optics deal—will require additional borrowing and are not included in current guidance. TTM Technologies Reports Record Sales and Raises Outlook
• Negative Sentiment: Debt and operational risks are weighing on the shares. Investors focused on higher financing costs and leverage following recent acquisitions, as well as reports of material wait times of up to 24 weeks and delays affecting data-center programs. Needham and Stifel lowered their price targets despite retaining favorable ratings. Why Is TTM Technologies Stock Gaining Friday?
• Negative Sentiment: Potential litigation adds uncertainty. Several law firms announced investigations into possible securities-law violations following the post-earnings selloff. These notices are allegations, not established findings, but they may increase headline and legal risk for investors. TTM Technologies Investigation Notice

TTM Technologies Company Profile

TTM Technologies, Inc is a manufacturer of technology solutions and printed circuit boards (PCBs), which are used to connect and support electronic components in a wide range of products. The company produces conventional rigid PCBs as well as high-density interconnect, flexible and rigid-flex circuit boards, and other advanced circuit technologies.

TTM also provides radio-frequency and microwave/microelectronic assembly capabilities, including components and assemblies used in communications, radar and other high-frequency applications.