TTM Technologies (NASDAQ:TTMI) Trading 6.9% Higher – Still a Buy?

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Zacks Research lowered shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings upgraded shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Wall Street Zen downgraded shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. B. Riley increased their target price on shares of TTM Technologies from $75.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Finally, Truist Financial lifted their price target on shares of TTM Technologies from $78.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $76.50.

TTM Technologies Stock Up 8.8%

The company has a debt-to-equity ratio of 0.54, a current ratio of 1.94 and a quick ratio of 1.66. The firm’s 50-day moving average price is $69.04 and its 200 day moving average price is $55.78. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 57.71 and a beta of 1.74.

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

Insider Buying and Selling

In other news, insider Robert P. Farrell sold 3,476 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $68.93, for a total transaction of $239,600.68. Following the sale, the insider owned 20,346 shares in the company, valued at $1,402,449.78. This trade represents a 14.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John G. Mayer sold 9,167 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $68.13, for a total value of $624,547.71. Following the transaction, the director owned 165,140 shares in the company, valued at $11,250,988.20. This trade represents a 5.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 36,870 shares of company stock worth $2,520,245 in the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TTMI. Polar Capital Holdings Plc purchased a new position in shares of TTM Technologies during the 3rd quarter worth about $176,376,000. Invesco Ltd. increased 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 worth $277,281,000 after purchasing an additional 2,699,494 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake 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 worth $105,490,000 after purchasing an additional 1,560,394 shares during the period. Westfield Capital Management Co. LP purchased a new position in TTM Technologies during the third quarter worth approximately $57,271,000. Finally, FengHe Fund Management Pte. Ltd. acquired a new position in shares of TTM Technologies in the 3rd quarter valued at $54,148,000. Institutional investors and hedge funds 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.