TTM Technologies (NASDAQ:TTMI) Shares Up 9.8% – Here’s Why

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) shot up 9.8% during mid-day trading on Monday . The company traded as high as $100.34 and last traded at $100.51. 422,087 shares changed hands during trading, a decline of 84% from the average session volume of 2,633,597 shares. The stock had previously closed at $91.54.

Analysts Set New Price Targets

A number of brokerages have recently commented on TTMI. B. Riley Financial boosted their price target on TTM Technologies from $81.00 to $123.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Needham & Company LLC boosted their target price on TTM Technologies from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Stifel Nicolaus set a $108.00 price target on shares of TTM Technologies in a research note on Thursday, February 5th. Finally, Weiss Ratings upgraded shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $117.25.

TTM Technologies Trading Up 12.0%

The company has a debt-to-equity ratio of 0.52, a current ratio of 1.93 and a quick ratio of 1.67. The business has a 50-day moving average of $97.69 and a 200-day moving average of $75.13. The firm has a market cap of $10.64 billion, a price-to-earnings ratio of 60.60 and a beta of 1.74.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. The firm had revenue of $763.53 million during the quarter, compared to analysts’ expectations of $752.96 million. TTM Technologies had a return on equity of 13.30% and a net margin of 6.11%.The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. Research analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling at TTM Technologies

In other news, EVP Catherine A. Gridley sold 20,000 shares of TTM Technologies stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $105.94, for a total value of $2,118,800.00. Following the completion of the transaction, the executive vice president owned 78,645 shares of the company’s stock, valued at $8,331,651.30. This trade represents a 20.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel J. Weber sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $93.88, for a total value of $1,126,560.00. Following the completion of the sale, the executive vice president directly owned 94,621 shares of the company’s stock, valued at approximately $8,883,019.48. The trade was a 11.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 105,150 shares of company stock worth $9,900,522 over the last quarter. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TTM Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTMI. Decker Retirement Planning Inc. bought a new stake in shares of TTM Technologies in the 3rd quarter valued at about $2,963,000. Horizon Investment Services LLC lifted its stake in shares of TTM Technologies by 255.7% in the third quarter. Horizon Investment Services LLC now owns 27,570 shares of the technology company’s stock worth $1,588,000 after acquiring an additional 19,820 shares during the period. FengHe Fund Management Pte. Ltd. acquired a new position in shares of TTM Technologies in the third quarter worth approximately $54,148,000. JPMorgan Chase & Co. boosted its holdings in TTM Technologies by 9.7% in the second quarter. JPMorgan Chase & Co. now owns 652,034 shares of the technology company’s stock valued at $26,616,000 after acquiring an additional 57,606 shares during the last quarter. Finally, Oak Ridge Investments LLC acquired a new stake in TTM Technologies during the 3rd quarter valued at approximately $1,812,000. 95.79% of the stock is owned by institutional investors.

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.