TTM Technologies (NASDAQ:TTMI) Trading Up 5.2% – Time to Buy?

TTM Technologies, Inc. (NASDAQ:TTMI)’s stock price shot up 5.2% during mid-day trading on Monday . The stock traded as high as $140.34 and last traded at $138.8670. Approximately 368,120 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 2,541,978 shares. The stock had previously closed at $132.00.

Analyst Ratings Changes

A number of analysts recently commented on TTMI shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday, May 18th. Wall Street Zen lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Stifel Nicolaus lifted their price target on shares of TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. B. Riley Financial boosted their price objective on shares of TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Finally, Truist Financial upped their price objective on shares of TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $212.00.

TTM Technologies Price Performance

The stock has a market capitalization of $14.24 billion, a price-to-earnings ratio of 74.22 and a beta of 2.10. The company has a 50 day moving average of $176.01 and a 200 day moving average of $128.91. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 0.50.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $845.98 million for the quarter, compared to analyst estimates of $789.84 million. TTM Technologies had a return on equity of 13.70% and a net margin of 6.29%.The firm’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period last year, the company earned $0.50 EPS. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. As a group, equities research analysts forecast that TTM Technologies, Inc. will post 3.66 EPS for the current fiscal year.

Insider Transactions at TTM Technologies

In other news, EVP Douglas L. Soder sold 2,874 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total transaction of $600,493.56. Following the completion of the sale, the executive vice president directly owned 210,634 shares of the company’s stock, valued at $44,009,867.96. The trade was a 1.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Weber sold 2,915 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total value of $609,060.10. Following the sale, the executive vice president owned 88,250 shares of the company’s stock, valued at approximately $18,438,955. The trade was a 3.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 82,043 shares of company stock valued at $17,191,859 in the last quarter. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On TTM Technologies

A number of institutional investors have recently added to or reduced their stakes in TTMI. Polar Capital Holdings Plc purchased a new stake in TTM Technologies during the 3rd quarter worth $176,376,000. Invesco Ltd. lifted its stake in shares of TTM Technologies by 127.7% during the third quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock worth $277,281,000 after purchasing an additional 2,699,494 shares in the last quarter. Whale Rock Capital Management LLC lifted its stake in shares of TTM Technologies by 112.1% during the fourth 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 in the last quarter. Castle Hook Partners LP purchased a new stake in shares of TTM Technologies in the fourth quarter worth about $133,351,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of TTM Technologies by 575.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,831,425 shares of the technology company’s stock valued at $105,490,000 after buying an additional 1,560,394 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

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.