TTM Technologies, Inc. (NASDAQ:TTMI) Receives Average Recommendation of “Moderate Buy” from Analysts

TTM Technologies, Inc. (NASDAQ:TTMI) has earned an average rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $54.50.

A number of brokerages recently commented on TTMI. Truist Financial lifted their price objective on TTM Technologies from $41.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Weiss Ratings upgraded TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Needham & Company LLC raised their target price on TTM Technologies from $56.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. B. Riley reaffirmed a “buy” rating on shares of TTM Technologies in a report on Friday, October 10th. Finally, Stifel Nicolaus boosted their price target 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.

Insiders Place Their Bets

In other news, insider Steven Spoto sold 3,484 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $46.58, for a total transaction of $162,284.72. Following the completion of the transaction, the insider directly owned 28,649 shares of the company’s stock, valued at approximately $1,334,470.42. This represents a 10.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Tom Clapprood sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $44.68, for a total transaction of $670,200.00. Following the transaction, the insider owned 23,531 shares in the company, valued at $1,051,365.08. This represents a 38.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,477 shares of company stock valued at $2,867,405 over the last three months. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TTMI. Salomon & Ludwin LLC purchased a new stake in shares of TTM Technologies in the third quarter worth $39,000. Quarry LP lifted its holdings in TTM Technologies by 249.9% during the 1st quarter. Quarry LP now owns 2,110 shares of the technology company’s stock valued at $43,000 after buying an additional 1,507 shares in the last quarter. Concord Wealth Partners bought a new stake in TTM Technologies during the 2nd quarter valued at about $47,000. EverSource Wealth Advisors LLC lifted its holdings in TTM Technologies by 52.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,244 shares of the technology company’s stock valued at $51,000 after buying an additional 430 shares in the last quarter. Finally, CWM LLC lifted its holdings in TTM Technologies by 14.4% during the 1st quarter. CWM LLC now owns 4,501 shares of the technology company’s stock valued at $92,000 after buying an additional 567 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies Stock Performance

TTMI opened at $58.75 on Friday. The stock has a 50-day moving average of $51.65 and a 200-day moving average of $40.32. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.72 and a current ratio of 2.03. The company has a market cap of $6.07 billion, a PE ratio of 65.28 and a beta of 1.63. TTM Technologies has a 52-week low of $15.77 and a 52-week high of $62.60.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.52 by $0.06. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%.The firm had revenue of $730.62 million during the quarter, compared to analysts’ expectations of $668.42 million. During the same quarter in the prior year, the firm posted $0.39 EPS. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. As a group, equities research analysts forecast that TTM Technologies will post 1.76 earnings per share for the current fiscal year.

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.