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

Wall Street Zen cut shares of TTM Technologies (NASDAQ:TTMI) from a strong-buy rating to a buy rating in a research report released on Sunday.

Several other equities analysts have also commented on TTMI. B. Riley reiterated a “buy” rating on shares of TTM Technologies in a research report on Friday, October 10th. Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Stifel Nicolaus increased their price objective on TTM Technologies from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Truist Financial increased their price objective on TTM Technologies from $41.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Finally, Needham & Company LLC increased their price objective on TTM Technologies from $56.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

TTM Technologies Stock Performance

Shares of TTMI opened at $56.69 on Friday. The stock’s 50-day simple moving average is $50.78 and its 200 day simple moving average is $39.49. TTM Technologies has a 52-week low of $15.77 and a 52-week high of $62.60. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 62.99 and a beta of 1.63. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.72 and a current ratio of 2.03.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.06. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%.The firm had revenue of $730.62 million for the quarter, compared to analysts’ expectations of $668.42 million. During the same quarter last year, the firm posted $0.39 EPS. The company’s revenue was up 20.7% compared to the same quarter last year. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. Research analysts forecast that TTM Technologies will post 1.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other TTM Technologies news, insider Robert P. Farrell sold 1,500 shares of the stock in a transaction that occurred 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 completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Catherine A. Gridley sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $44.31, for a total value of $886,200.00. Following the completion of the sale, the executive vice president owned 81,986 shares of the company’s stock, valued at approximately $3,632,799.66. This trade represents a 19.61% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,477 shares of company stock worth $2,867,405. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Ariose Capital Management Ltd purchased a new position in shares of TTM Technologies in the 3rd quarter valued at approximately $374,000. Silver Oak Securities Incorporated lifted its stake in shares of TTM Technologies by 87.9% in the 3rd quarter. Silver Oak Securities Incorporated now owns 17,495 shares of the technology company’s stock valued at $1,008,000 after purchasing an additional 8,185 shares during the period. Salomon & Ludwin LLC purchased a new position in shares of TTM Technologies in the 3rd quarter valued at approximately $39,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of TTM Technologies in the 3rd quarter valued at approximately $242,000. Finally, Diversified Trust Co lifted its stake in shares of TTM Technologies by 5.9% in the 3rd quarter. Diversified Trust Co now owns 25,079 shares of the technology company’s stock valued at $1,445,000 after purchasing an additional 1,398 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

About TTM Technologies

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.