TTM Technologies (NASDAQ:TTMI) Rating Increased to Strong-Buy at Wall Street Zen

TTM Technologies (NASDAQ:TTMI) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Other research analysts also recently issued reports about the stock. Needham & Company LLC boosted their target price on shares of TTM Technologies from $56.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Weiss Ratings downgraded shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. B. Riley restated a “buy” rating on shares of TTM Technologies in a research report on Friday. Zacks Research downgraded shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Stifel Nicolaus boosted their target price on shares of TTM Technologies from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.50.

TTM Technologies Price Performance

Shares of TTMI opened at $53.58 on Friday. The firm has a market capitalization of $5.54 billion, a PE ratio of 59.53 and a beta of 1.63. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 1.72. TTM Technologies has a 1-year low of $15.77 and a 1-year high of $62.60. The company’s fifty day moving average price is $49.03 and its 200-day moving average price is $37.59.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. The firm had revenue of $730.62 million for the quarter, compared to analyst estimates of $668.42 million. TTM Technologies had a net margin of 3.52% and a return on equity of 11.80%. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. On average, equities research analysts predict that TTM Technologies will post 1.76 EPS for the current year.

Insiders Place Their Bets

In other news, Director Wajid Ali acquired 5,000 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was acquired at an average price of $41.75 per share, for a total transaction of $208,750.00. Following the completion of the transaction, the director owned 19,024 shares in the company, valued at approximately $794,252. The trade was a 35.65% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert P. Farrell sold 1,500 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $46.69, for a total transaction of $70,035.00. Following the completion of the transaction, the insider owned 23,822 shares of the company’s stock, valued at approximately $1,112,249.18. This trade represents a 5.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,477 shares of company stock valued at $2,867,405. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. USA Financial Formulas acquired a new position in shares of TTM Technologies during the 3rd quarter worth about $141,000. Voya Investment Management LLC raised its position in shares of TTM Technologies by 92.7% during the 3rd quarter. Voya Investment Management LLC now owns 53,457 shares of the technology company’s stock worth $3,079,000 after purchasing an additional 25,712 shares during the last quarter. Sheets Smith Investment Management acquired a new position in shares of TTM Technologies during the 3rd quarter worth about $217,000. Assenagon Asset Management S.A. acquired a new position in shares of TTM Technologies during the 3rd quarter worth about $4,002,000. Finally, GAMMA Investing LLC raised its position in shares of TTM Technologies by 8.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,512 shares of the technology company’s stock worth $202,000 after purchasing an additional 268 shares during the last quarter. Institutional investors and hedge funds 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.