Zacks Research Downgrades TTM Technologies (NASDAQ:TTMI) to Hold

TTM Technologies (NASDAQ:TTMI) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities analysts have also commented on the stock. Truist Financial increased their price target on shares of TTM Technologies from $78.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Wall Street Zen lowered TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 19th. Weiss Ratings upgraded TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. B. Riley raised their price objective on TTM Technologies from $75.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Finally, Needham & Company LLC upped their target price on TTM Technologies from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $76.50.

TTM Technologies Price Performance

TTM Technologies stock opened at $70.42 on Monday. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 55.89 and a beta of 1.74. The company has a quick ratio of 1.66, a current ratio of 1.94 and a debt-to-equity ratio of 0.54. The business has a 50-day simple moving average of $67.69 and a 200 day simple moving average of $54.45. TTM Technologies has a 52 week low of $15.77 and a 52 week high of $80.58.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. TTM Technologies had a return on equity of 13.21% and a net margin of 4.74%.The firm had revenue of $752.74 million during the quarter, compared to the consensus estimate of $711.91 million. During the same quarter last year, the company posted $0.41 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. On average, research analysts forecast that TTM Technologies will post 1.76 earnings per share for the current fiscal year.

Insider Transactions at TTM Technologies

In related news, VP Steven Spoto sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $66.95, for a total transaction of $66,950.00. Following the completion of the sale, the vice president directly owned 27,649 shares in the company, valued at $1,851,100.55. This represents a 3.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Julie Spicer England sold 3,784 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $63.34, for a total transaction of $239,678.56. Following the completion of the sale, the director directly owned 106,541 shares in the company, valued at approximately $6,748,306.94. This trade represents a 3.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 20,070 shares of company stock valued at $1,348,445. Insiders own 1.30% of the company’s stock.

Institutional Trading of TTM Technologies

Several large investors have recently modified their holdings of the business. Magnetar Financial LLC bought a new stake in shares of TTM Technologies in the 1st quarter worth approximately $264,000. Quarry LP boosted its holdings in TTM Technologies by 249.9% in the first quarter. Quarry LP now owns 2,110 shares of the technology company’s stock valued at $43,000 after acquiring an additional 1,507 shares in the last quarter. Royal Bank of Canada increased its position in TTM Technologies by 66.6% during the 1st quarter. Royal Bank of Canada now owns 26,433 shares of the technology company’s stock valued at $543,000 after purchasing an additional 10,565 shares during the period. Ardsley Advisory Partners LP bought a new position in TTM Technologies in the 1st quarter worth $3,220,000. Finally, Ion Asset Management Ltd. lifted its position in shares of TTM Technologies by 165.5% in the 1st quarter. Ion Asset Management Ltd. now owns 329,650 shares of the technology company’s stock worth $6,761,000 after purchasing an additional 205,500 shares during the period. 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.