TTM Technologies (NASDAQ:TTMI) Reaches New 1-Year High – Time to Buy?

TTM Technologies, Inc. (NASDAQ:TTMI)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $221.50 and last traded at $221.17, with a volume of 12805 shares changing hands. The stock had previously closed at $216.44.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Needham & Company LLC increased their price target on TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday. Stifel Nicolaus raised 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. Finally, Truist Financial boosted their price objective on TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat.com, TTM Technologies currently has an average rating of “Buy” and a consensus target price of $212.00.

TTM Technologies Trading Up 0.7%

The stock has a market capitalization of $22.63 billion, a P/E ratio of 118.74 and a beta of 2.10. The stock’s 50 day moving average price is $163.49 and its 200-day moving average price is $115.54. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 0.50.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The company had revenue of $845.98 million during the quarter, compared to the consensus estimate 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 for the quarter was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 earnings per share. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. As a group, equities research analysts expect that TTM Technologies, Inc. will post 3.7 earnings per share for the current year.

Insider Activity at TTM Technologies

In other news, Director Thomas T. Edman sold 16,800 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $100.23, for a total value of $1,683,864.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On TTM Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in shares of TTM Technologies by 66.6% during the first quarter. Royal Bank of Canada now owns 26,433 shares of the technology company’s stock valued at $543,000 after buying an additional 10,565 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of TTM Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,087 shares of the technology company’s stock worth $1,232,000 after acquiring an additional 2,632 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of TTM Technologies by 7.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock worth $34,989,000 after acquiring an additional 115,766 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in TTM Technologies by 7.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,563 shares of the technology company’s stock valued at $3,908,000 after acquiring an additional 13,691 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in TTM Technologies by 1,150.2% during the first quarter. Jane Street Group LLC now owns 139,889 shares of the technology company’s stock valued at $2,869,000 after acquiring an additional 128,700 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

About TTM Technologies

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.