TTM Technologies (NASDAQ:TTMI) Stock Price Up 8.1% – Here’s What Happened

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) were up 8.1% during trading on Friday . The stock traded as high as $103.26 and last traded at $108.4980. Approximately 116,206 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 3,073,013 shares. The stock had previously closed at $100.39.

Wall Street Analyst Weigh In

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

TTM Technologies Stock Performance

The company has a quick ratio of 1.67, a current ratio of 1.93 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $85.13 and a two-hundred day moving average price of $66.52. The firm has a market cap of $11.17 billion, a PE ratio of 63.90 and a beta of 1.75.

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

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, EVP Catherine A. Gridley sold 10,000 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $95.11, for a total value of $951,100.00. Following the completion of the sale, the executive vice president directly owned 98,645 shares in the company, valued at $9,382,125.95. This represents a 9.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas T. Edman sold 12,750 shares of TTM Technologies stock in a transaction on Friday, February 13th. The stock was sold at an average price of $94.92, for a total value of $1,210,230.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 70,350 shares of company stock worth $6,209,106 in the last 90 days. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TTM Technologies

A number of institutional investors have recently bought and sold shares of the company. 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 valued at $343,626,000 after buying an additional 166,188 shares during the period. Corient Private Wealth LLC raised its position in TTM Technologies by 5.7% in the fourth quarter. Corient Private Wealth LLC now owns 5,632 shares of the technology company’s stock valued at $389,000 after purchasing an additional 305 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in shares of TTM Technologies in the 4th quarter valued at $1,584,000. Virtue Capital Management LLC grew its holdings in shares of TTM Technologies by 1,564.9% during the 4th quarter. Virtue Capital Management LLC now owns 22,626 shares of the technology company’s stock worth $1,598,000 after purchasing an additional 21,267 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in shares of TTM Technologies during the 4th quarter worth about $263,000. 95.79% of the stock is owned by hedge funds and other 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.