TTM Technologies (NASDAQ:TTMI) Downgraded to Hold Rating by Zacks Research

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

Several other analysts also recently weighed in on the company. Truist Financial lifted their target price on TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Stifel Nicolaus increased their price target on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Wall Street Zen downgraded shares of TTM Technologies from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Needham & Company LLC increased their target price on shares of TTM Technologies from $208.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Finally, B. Riley Financial raised their target price on shares of TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $212.00.

TTM Technologies Trading Up 0.1%

Shares of NASDAQ:TTMI opened at $187.02 on Monday. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $175.24 and its 200 day moving average price is $121.95. The company has a market cap of $19.42 billion, a PE ratio of 101.09 and a beta of 2.09. TTM Technologies has a fifty-two week low of $39.20 and a fifty-two week high of $223.83.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $845.98 million for the quarter, compared to analyst estimates of $789.84 million. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. TTM Technologies’s revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 earnings per share. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. Sell-side analysts anticipate that TTM Technologies will post 3.7 earnings per share for the current year.

Insider Transactions at TTM Technologies

In other news, EVP Shawn A. Powers sold 3,367 shares of TTM Technologies stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total value of $703,500.98. Following the transaction, the executive vice president owned 120,801 shares of the company’s stock, valued at $25,240,160.94. The trade was a 2.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Catherine A. Gridley sold 3,056 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total transaction of $638,520.64. Following the completion of the sale, the executive vice president owned 71,866 shares in the company, valued at $15,015,682.04. The trade was a 4.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 82,043 shares of company stock valued at $17,191,859 in the last quarter. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On TTM Technologies

Several large investors have recently modified their holdings of TTMI. Invesco Ltd. raised its position in shares of TTM Technologies by 3.5% during the fourth 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 position in shares of 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 valued at $295,066,000 after purchasing an additional 2,260,035 shares during the period. Polar Capital Holdings Plc purchased a new position in TTM Technologies in the 3rd quarter worth about $176,376,000. Geode Capital Management LLC increased 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in TTM Technologies by 22.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,237,627 shares of the technology company’s stock worth $154,396,000 after buying an additional 406,202 shares during the period. 95.79% of the stock is owned by institutional investors.

Key Headlines Impacting TTM Technologies

Here are the key news stories impacting TTM Technologies this week:

• Positive Sentiment: Zacks upgraded TTM Technologies to Strong Buy and also added it to a momentum stock list, which can boost investor sentiment by highlighting improving earnings expectations and price strength. TTM Technologies Strong Buy upgrade article
• Positive Sentiment: Tradr launched leveraged ETFs tied to TTM Technologies, which may increase trading interest and visibility in the name. Tradr leveraged ETF launch article
• Neutral Sentiment: Several TTM Technologies executives and insiders disclosed stock sales over the past few days, but the amounts were relatively small compared with their remaining holdings, so the market may view this as routine profit-taking rather than a major fundamental warning. Insider selling alert article
• Negative Sentiment: Zacks Research downgraded TTMI from Strong Buy to Hold, which could weigh on the stock by signaling less enthusiasm from one analyst source. Zacks downgrade article

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.