TTM Technologies (NASDAQ:TTMI) Stock Price Down 6.3% – What’s Next?

TTM Technologies, Inc. (NASDAQ:TTMI)’s stock price dropped 6.3% during trading on Wednesday . The company traded as low as $178.00 and last traded at $184.5430. Approximately 838,811 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 2,420,120 shares. The stock had previously closed at $196.95.

Analysts Set New Price Targets

TTMI has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TTM Technologies in a report on Monday, May 18th. Zacks Research lowered shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Needham & Company LLC lifted their price objective on shares of TTM Technologies from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Truist Financial lifted their price objective on shares of TTM Technologies from $115.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Stifel Nicolaus lifted their price objective on shares of TTM Technologies from $108.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Five 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 stock presently has an average rating of “Moderate Buy” and an average target price of $149.50.

TTM Technologies Price Performance

The business’s 50-day moving average price is $130.91 and its 200 day moving average price is $100.03. The stock has a market capitalization of $18.99 billion, a PE ratio of 98.85 and a beta of 2.11. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.88.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $845.98 million during 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%. The business’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 EPS. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. Research analysts forecast that TTM Technologies, Inc. will post 3.31 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 shares were sold at an average price of $100.23, for a total transaction of $1,683,864.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TTMI. Royal Bank of Canada grew its position in shares of TTM Technologies by 66.6% during the 1st quarter. Royal Bank of Canada now owns 26,433 shares of the technology company’s stock valued at $543,000 after purchasing an additional 10,565 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 valued at $1,232,000 after purchasing an additional 2,632 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of TTM Technologies by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,563 shares of the technology company’s stock worth $3,908,000 after acquiring an additional 13,691 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of TTM Technologies by 1,150.2% during the 1st quarter. Jane Street Group LLC now owns 139,889 shares of the technology company’s stock worth $2,869,000 after acquiring an additional 128,700 shares during the last quarter. 95.79% of the stock is currently 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.