TTM Technologies (NASDAQ:TTMI) Upgraded at Weiss Ratings

Weiss Ratings upgraded shares of TTM Technologies (NASDAQ:TTMI) from a hold (c+) rating to a buy (b-) rating in a research note issued to investors on Friday,Weiss Ratings reports.

Several other brokerages have also recently commented on TTMI. Stifel Nicolaus lifted their price objective on shares of TTM Technologies from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Truist Financial lifted their price objective on shares of TTM Technologies from $41.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Zacks Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Wall Street Zen cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 19th. Finally, Needham & Company LLC lifted their price objective on shares of TTM Technologies from $56.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, TTM Technologies currently has an average rating of “Moderate Buy” and an average price target of $54.50.

TTM Technologies Stock Up 0.6%

TTMI stock opened at $58.75 on Friday. The firm has a 50 day moving average of $51.65 and a 200 day moving average of $40.46. The stock has a market capitalization of $6.07 billion, a PE ratio of 65.28 and a beta of 1.63. The company has a quick ratio of 1.72, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. TTM Technologies has a 52 week low of $15.77 and a 52 week high of $62.60.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, July 30th. The technology company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.06. TTM Technologies had a net margin of 3.52% and a return on equity of 11.80%. The company had revenue of $730.62 million during the quarter, compared to analysts’ expectations of $668.42 million. During the same period last year, the business earned $0.39 EPS. TTM Technologies’s revenue for the quarter was up 20.7% on a year-over-year basis. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. Sell-side analysts forecast that TTM Technologies will post 1.76 earnings per share for the current year.

Insider Activity

In related news, insider Steven Spoto sold 3,484 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $46.58, for a total value of $162,284.72. Following the completion of the sale, the insider owned 28,649 shares of the company’s stock, valued at approximately $1,334,470.42. The trade was a 10.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tom Clapprood sold 15,000 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $44.68, for a total transaction of $670,200.00. Following the completion of the sale, the insider directly owned 23,531 shares of the company’s stock, valued at approximately $1,051,365.08. The trade was a 38.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,477 shares of company stock worth $2,867,405. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TTM Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in TTMI. Nuveen LLC purchased a new stake in TTM Technologies in the 1st quarter worth $31,763,000. FengHe Fund Management Pte. Ltd. purchased a new stake in TTM Technologies in the 3rd quarter worth $54,148,000. Invesco Ltd. increased its holdings in TTM Technologies by 55.7% in the 2nd quarter. Invesco Ltd. now owns 2,114,409 shares of the technology company’s stock worth $86,310,000 after acquiring an additional 756,702 shares in the last quarter. Neumeier Poma Investment Counsel LLC purchased a new stake in TTM Technologies in the 2nd quarter worth $25,824,000. Finally, Cubist Systematic Strategies LLC increased its holdings in TTM Technologies by 1,070.1% in the 1st quarter. Cubist Systematic Strategies LLC now owns 470,679 shares of the technology company’s stock worth $9,654,000 after acquiring an additional 430,453 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

TTM Technologies Company Profile

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.