TTM Technologies (NASDAQ:TTMI) Hits New 52-Week High – What’s Next?

TTM Technologies, Inc. (NASDAQ:TTMI)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $113.45 and last traded at $111.6970, with a volume of 302663 shares trading hands. The stock had previously closed at $106.70.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. 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 research note on Thursday, January 22nd. Truist Financial set a $113.00 target price on shares of TTM Technologies in a research report on Wednesday, January 14th. Weiss Ratings upgraded shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Zacks Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Finally, Needham & Company LLC lifted their target price on shares of TTM Technologies from $105.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat, TTM Technologies presently has an average rating of “Buy” and an average price target of $117.25.

TTM Technologies Stock Down 1.2%

The business’s fifty day moving average is $89.05 and its two-hundred day moving average is $68.72. The stock has a market cap of $11.12 billion, a price-to-earnings ratio of 63.64 and a beta of 1.75. The company has a quick ratio of 1.67, a current ratio of 1.93 and a debt-to-equity ratio of 0.52.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. TTM Technologies had a net margin of 6.11% and a return on equity of 13.30%. The company had revenue of $763.53 million during the quarter, compared to analysts’ expectations of $752.96 million. During the same quarter last year, the company posted $0.60 EPS. The firm’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 analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Anthony Joseph Sandeen sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $67.30, for a total transaction of $134,600.00. Following the sale, the insider directly owned 41,442 shares in the company, valued at approximately $2,789,046.60. This represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Weber sold 12,000 shares of TTM Technologies 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 completion of the transaction, the executive vice president owned 94,621 shares of the company’s stock, valued at $8,883,019.48. This represents a 11.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 90,350 shares of company stock worth $8,327,906 in the last quarter. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On TTM Technologies

Large investors have recently bought and sold shares of the business. Optiver Holding B.V. lifted its holdings in TTM Technologies by 66.4% during the 3rd quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock worth $25,000 after buying an additional 170 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in TTM Technologies during the fourth quarter worth approximately $30,000. Truvestments Capital LLC acquired a new position in TTM Technologies in the fourth quarter valued at approximately $30,000. Bessemer Group Inc. increased its stake in TTM Technologies by 448.8% in the third quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock valued at $27,000 after purchasing an additional 377 shares during the last quarter. Finally, Rakuten Securities Inc. acquired a new stake in TTM Technologies during the fourth quarter worth approximately $32,000. 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.