TTM Technologies (NASDAQ:TTMI) Trading 8.1% Higher – Should You Buy?

TTM Technologies, Inc. (NASDAQ:TTMI)’s stock price rose 8.1% during mid-day trading on Friday . The stock traded as high as $103.26 and last traded at $108.4980. Approximately 116,206 shares were traded during trading, a decline of 96% from the average daily volume of 3,073,013 shares. The stock had previously closed at $100.39.

Analyst Ratings Changes

Several equities analysts have recently commented on TTMI shares. Weiss Ratings upgraded shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Stifel Nicolaus set a $108.00 price objective on shares of TTM Technologies in a report on Thursday, February 5th. Needham & Company LLC boosted their price objective on TTM Technologies from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. B. Riley Financial upped their price target on TTM Technologies from $81.00 to $123.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $117.25.

TTM Technologies Price Performance

The company has a market capitalization of $11.16 billion, a price-to-earnings ratio of 63.86 and a beta of 1.75. The company has a current ratio of 1.93, a quick ratio of 1.67 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average price of $85.82 and a 200 day moving average price of $67.12.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The company had revenue of $763.53 million for the quarter, compared to the consensus estimate of $752.96 million. TTM Technologies had a return on equity of 13.30% and a net margin of 6.11%.The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 EPS. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. As a group, equities research analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Insider Activity

In related news, Director Thomas T. Edman sold 16,800 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $96.12, for a total transaction of $1,614,816.00. Following the sale, the director owned 783,406 shares of the company’s stock, valued at approximately $75,300,984.72. This trade represents a 2.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Weber sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $93.88, for a total transaction of $1,126,560.00. Following the sale, the executive vice president owned 94,621 shares in the company, valued at $8,883,019.48. This trade represents a 11.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 70,350 shares of company stock worth $6,209,106 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On TTM Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. bought a new position in TTM Technologies in the third quarter valued at about $2,963,000. Horizon Investment Services LLC raised its holdings in TTM Technologies by 255.7% during the 3rd quarter. Horizon Investment Services LLC now owns 27,570 shares of the technology company’s stock worth $1,588,000 after purchasing an additional 19,820 shares during the last quarter. FengHe Fund Management Pte. Ltd. bought a new stake in TTM Technologies during the third quarter valued at $54,148,000. JPMorgan Chase & Co. increased its holdings in TTM Technologies by 9.7% in the second quarter. JPMorgan Chase & Co. now owns 652,034 shares of the technology company’s stock worth $26,616,000 after purchasing an additional 57,606 shares in the last quarter. Finally, Oak Ridge Investments LLC acquired a new position in TTM Technologies in the third quarter valued at approximately $1,812,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

About TTM Technologies

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.