Zacks Research Downgrades TTM Technologies (NASDAQ:TTMI) to Hold

TTM Technologies (NASDAQ:TTMI) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the stock. Truist Financial upped their price objective on shares of TTM Technologies from $41.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Needham & Company LLC increased their price target on shares of TTM Technologies from $56.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. B. Riley lifted their price objective on shares of TTM Technologies from $36.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Stifel Nicolaus upped their target price on TTM Technologies from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Finally, Wall Street Zen downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 26th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, TTM Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $54.50.

TTM Technologies Trading Down 0.3%

Shares of NASDAQ:TTMI opened at $57.60 on Monday. The business’s 50 day simple moving average is $47.13 and its 200 day simple moving average is $35.72. TTM Technologies has a 1 year low of $15.77 and a 1 year high of $58.74. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 1.72. The company has a market capitalization of $5.95 billion, a P/E ratio of 64.00 and a beta of 1.57.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, July 30th. The technology company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. The firm had revenue of $730.62 million during the quarter, compared to the consensus estimate of $668.42 million. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%.The company’s revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 EPS. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. On average, research analysts anticipate that TTM Technologies will post 1.76 EPS for the current fiscal year.

Insider Activity at TTM Technologies

In other news, insider Steven Spoto sold 3,484 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $46.58, for a total transaction of $162,284.72. Following the sale, the insider directly owned 28,649 shares in the company, valued at approximately $1,334,470.42. The trade was a 10.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Catherine A. Gridley sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $44.31, for a total value of $886,200.00. Following the completion of the transaction, the executive vice president directly owned 81,986 shares of the company’s stock, valued at $3,632,799.66. This represents a 19.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,477 shares of company stock worth $2,867,405 over the last 90 days. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of TTM Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of TTMI. Concord Wealth Partners bought a new stake in shares of TTM Technologies in the 2nd quarter valued at about $47,000. EverSource Wealth Advisors LLC increased its position in TTM Technologies by 52.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,244 shares of the technology company’s stock valued at $51,000 after purchasing an additional 430 shares during the period. Quarry LP increased its position in TTM Technologies by 249.9% during the 1st quarter. Quarry LP now owns 2,110 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,507 shares during the period. USA Financial Formulas raised its holdings in TTM Technologies by 119.1% during the 1st quarter. USA Financial Formulas now owns 2,237 shares of the technology company’s stock worth $46,000 after purchasing an additional 1,216 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of TTM Technologies by 30.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,244 shares of the technology company’s stock worth $132,000 after purchasing an additional 760 shares during the period. 95.79% of the stock is currently owned by institutional investors and hedge funds.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.