TTM Technologies (NASDAQ:TTMI) Trading Up 6.9% – Here’s Why

TTM Technologies, Inc. (NASDAQ:TTMI)’s stock price was up 6.9% during trading on Friday . The company traded as high as $70.61 and last traded at $71.4950. Approximately 248,428 shares were traded during trading, a decline of 86% from the average daily volume of 1,737,088 shares. The stock had previously closed at $66.86.

Wall Street Analyst Weigh In

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

TTM Technologies Trading Up 10.5%

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’s fifty day moving average is $69.18 and its 200-day moving average is $56.16. The stock has a market capitalization of $7.63 billion, a PE ratio of 58.64 and a beta of 1.74.

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

Insider Activity

In other TTM Technologies news, Director Julie Spicer England sold 3,784 shares of the company’s stock in a transaction dated 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 $6,748,306.94. This represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert P. Farrell sold 643 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $66.98, for a total value of $43,068.14. Following the sale, the insider owned 19,406 shares of the company’s stock, valued at $1,299,813.88. The trade was a 3.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 36,870 shares of company stock valued at $2,520,245 in the last 90 days. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TTM Technologies

Hedge funds have recently made changes to their positions in the business. Optiver Holding B.V. lifted its stake in shares of TTM Technologies by 66.4% during the third quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock worth $25,000 after purchasing an additional 170 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of TTM Technologies by 448.8% during the 3rd quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock valued at $27,000 after buying an additional 377 shares during the period. Salomon & Ludwin LLC acquired a new position in TTM Technologies during the 3rd quarter worth approximately $39,000. Concord Wealth Partners purchased a new position in TTM Technologies in the 2nd quarter worth approximately $47,000. Finally, EverSource Wealth Advisors LLC grew its position in TTM Technologies by 52.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,244 shares of the technology company’s stock valued at $51,000 after acquiring an additional 430 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.