TTM Technologies (NASDAQ:TTMI) Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of TTM Technologies (NASDAQ:TTMI) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. Truist Financial set a $113.00 price objective on TTM Technologies in a report on Wednesday, January 14th. Needham & Company LLC lifted their price objective on TTM Technologies from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. B. Riley Financial lifted their price objective on TTM Technologies from $81.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Weiss Ratings raised TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Finally, Stifel Nicolaus set a $108.00 price objective on TTM Technologies in a report on Thursday, February 5th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.25.

TTM Technologies Trading Up 6.6%

Shares of TTM Technologies stock opened at $105.85 on Monday. TTM Technologies has a 1 year low of $17.19 and a 1 year high of $113.46. The firm has a market cap of $10.99 billion, a PE ratio of 62.63 and a beta of 1.76. The stock has a fifty day moving average price of $98.46 and a 200-day moving average price of $79.50. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.93 and a quick ratio of 1.67.

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

Insiders Place Their Bets

In other TTM Technologies news, EVP Daniel J. Weber sold 12,000 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $93.88, for a total value of $1,126,560.00. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Catherine A. Gridley sold 20,000 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $105.94, for a total value of $2,118,800.00. Following the completion of the transaction, the executive vice president owned 78,645 shares of the company’s stock, valued at approximately $8,331,651.30. This represents a 20.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 105,150 shares of company stock worth $10,412,586 in the last quarter. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in TTM Technologies by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 13,156,053 shares of the technology company’s stock worth $757,789,000 after purchasing an additional 60,002 shares during the period. Invesco Ltd. boosted its stake in TTM Technologies by 3.5% in the 4th quarter. Invesco Ltd. now owns 4,980,091 shares of the technology company’s stock worth $343,626,000 after purchasing an additional 166,188 shares during the period. Whale Rock Capital Management LLC boosted its stake in TTM Technologies by 112.1% in the 4th quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company’s stock worth $295,066,000 after purchasing an additional 2,260,035 shares during the period. Polar Capital Holdings Plc bought a new position in TTM Technologies in the 3rd quarter worth about $176,376,000. Finally, Geode Capital Management LLC boosted its stake in TTM Technologies by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 2,667,956 shares of the technology company’s stock worth $184,119,000 after purchasing an additional 81,588 shares during the period. 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.