TTM Technologies (NASDAQ:TTMI) Sets New 1-Year High – Here’s What Happened

TTM Technologies, Inc. (NASDAQ:TTMI) shares hit a new 52-week high on Monday . The company traded as high as $206.50 and last traded at $206.1770, with a volume of 26700 shares changing hands. The stock had previously closed at $194.05.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TTMI. Wall Street Zen lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a report on Saturday. Needham & Company LLC restated a “buy” rating and issued a $208.00 price objective on shares of TTM Technologies in a report on Thursday, June 11th. Stifel Nicolaus raised their price objective on shares of TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Zacks Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Finally, B. Riley Financial lifted their price target on shares of TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $209.00.

TTM Technologies Price Performance

The company’s 50 day moving average is $156.80 and its 200 day moving average is $112.52. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $20.73 billion, a price-to-earnings ratio of 107.88 and a beta of 2.09.

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

Insider Transactions at TTM Technologies

In other TTM Technologies news, Director Thomas T. Edman sold 16,800 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $100.23, for a total transaction of $1,683,864.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its position in TTM Technologies by 36.3% during the 1st quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock worth $32,000 after purchasing an additional 87 shares during the last quarter. NewEdge Advisors LLC grew its position in TTM Technologies by 385.0% during the 1st quarter. NewEdge Advisors LLC now owns 12,581 shares of the technology company’s stock worth $1,226,000 after purchasing an additional 9,987 shares during the last quarter. Optiver Holding B.V. grew its position in TTM Technologies by 168.7% during the 1st quarter. Optiver Holding B.V. now owns 532 shares of the technology company’s stock worth $52,000 after purchasing an additional 334 shares during the last quarter. Montchanin Asset Management LLC purchased a new position in TTM Technologies during the 1st quarter worth $201,000. Finally, Norris Financial Group LLC purchased a new position in TTM Technologies during the 1st quarter worth $4,258,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

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.