TTM Technologies, Inc. (NASDAQ:TTMI) Receives Consensus Rating of “Buy” from Brokerages

TTM Technologies, Inc. (NASDAQ:TTMI) has been given an average recommendation of “Buy” by the six analysts that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $73.25.

Several research analysts recently issued reports on TTMI shares. Truist Financial increased their price objective on TTM Technologies from $60.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings raised TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Needham & Company LLC upped their price objective on shares of TTM Technologies from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Finally, Wall Street Zen cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th.

TTM Technologies Trading Down 8.5%

TTMI stock opened at $73.43 on Monday. TTM Technologies has a 12 month low of $15.77 and a 12 month high of $80.58. The firm’s 50-day moving average is $64.62 and its 200 day moving average is $51.36. The company has a market capitalization of $7.59 billion, a PE ratio of 58.28 and a beta of 1.74. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.94 and a quick ratio of 1.66.

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

Insider Activity at TTM Technologies

In other news, insider Anthony Joseph Sandeen sold 2,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $67.30, for a total value of $134,600.00. Following the completion of the transaction, the insider directly owned 41,442 shares of the company’s stock, valued at approximately $2,789,046.60. The trade was a 4.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Steven Spoto sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $66.95, for a total value of $66,950.00. Following the sale, the vice president owned 27,649 shares of the company’s stock, valued at $1,851,100.55. This trade represents a 3.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 20,070 shares of company stock valued at $1,348,445 over the last quarter. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On TTM Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Polar Capital Holdings Plc bought a new stake in shares of TTM Technologies in the 3rd quarter valued at about $176,376,000. Invesco Ltd. lifted its position in TTM Technologies by 127.7% during the third quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock valued at $277,281,000 after acquiring an additional 2,699,494 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in TTM Technologies by 575.7% during 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 acquiring an additional 1,560,394 shares during the last quarter. Nuveen LLC acquired a new stake in TTM Technologies in the first quarter valued at approximately $31,763,000. Finally, Westfield Capital Management Co. LP purchased a new position in TTM Technologies in the third quarter worth $57,271,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

TTM Technologies Company Profile

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.