TTM Technologies (NASDAQ:TTMI) Stock Price Up 6.4% on Strong Earnings

TTM Technologies, Inc. (NASDAQ:TTMI)’s stock price traded up 6.4% during trading on Friday following a better than expected earnings announcement. The company traded as high as $78.39 and last traded at $78.6090. Approximately 2,087,632 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 2,669,763 shares. The stock had previously closed at $73.89.

The technology company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.21. TTM Technologies had a return on equity of 15.67% and a net margin of 7.01%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the company earned $0.50 EPS. TTM Technologies’s revenue for the quarter was up 59.9% compared to the same quarter last year.

Key Stories Impacting TTM Technologies

Here are the key news stories impacting TTM Technologies this week:

• Positive Sentiment: TTM reported record third-quarter net sales of $1.20 billion, up nearly 60% year over year. Non-GAAP EPS was $1.46, above the $1.25 consensus estimate, while adjusted EBITDA rose to $242.3 million and margins expanded to 20.1%. TTM Technologies Reports Third Quarter 2026 Results
• Positive Sentiment: Management raised its outlook, forecasting fourth-quarter revenue of $1.42 billion to $1.44 billion and initiating a preliminary 2027 revenue forecast of $6.5 billion to $6.75 billion. Data Center and Networking revenue benefited from AI demand, while Aerospace and Defense backlog reached $2 billion. TTM Technologies: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Needham maintained a “buy” rating, and its revised $150 price target still implies substantial potential upside from the referenced price level. Needham analyst rating
• Neutral Sentiment: Analysts lowered their targets following the earnings release: Needham cut its target from $175 to $150, while Stifel reduced its target to $165. The continued buy-oriented ratings indicate longer-term confidence, but the target reductions reflect heightened near-term risks. Stifel price target update
• Negative Sentiment: Investors reacted negatively to management commentary about material lead times of up to 24 weeks and potential delays in data-center programs, raising concerns that strong demand may not translate into near-term shipments.
• Negative Sentiment: Recent acquisitions, including the planned $650 million Ophir Optics purchase, are increasing borrowing and financing costs. Net leverage was 2.8 times pro forma adjusted EBITDA after the Epiq acquisition, intensifying concerns about debt-service obligations and integration risk. TTM Technologies shares fall amid expanding debt load
• Negative Sentiment: Several law firms announced investigations into possible securities-law violations or securities fraud after the post-earnings selloff. These notices do not establish wrongdoing, but they add headline and litigation uncertainty. Ademi TTMI shareholder alert

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TTMI shares. Needham & Company LLC decreased their price target on shares of TTM Technologies from $175.00 to $150.00 and set a “buy” rating for the company in a research note on Friday. Wall Street Zen downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 30th. Truist Financial raised their price target on TTM Technologies from $224.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, October 13th. Zacks Research downgraded shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Weiss Ratings cut shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $188.50.

Insider Activity

In other TTM Technologies news, SVP Dale Knecht sold 26,198 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $142.00, for a total transaction of $3,720,116.00. Following the completion of the transaction, the senior vice president owned 40,138 shares in the company, valued at $5,699,596. This trade represents a 39.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Edwin Roks acquired 10,000 shares of TTM Technologies stock in a transaction on Tuesday, August 25th. The shares were bought at an average cost of $111.77 per share, for a total transaction of $1,117,700.00. Following the completion of the purchase, the chief executive officer directly owned 64,814 shares of the company’s stock, valued at $7,244,260.78. The trade was a 18.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.30% of the company’s stock.

Institutional Trading of TTM Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in TTMI. Harbor Investment Advisory LLC acquired a new stake in shares of TTM Technologies during the second quarter worth about $29,000. GoalVest Advisory LLC lifted its position in shares of TTM Technologies by 456.7% during the 2nd quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock valued at $31,000 after buying an additional 137 shares in the last quarter. Root Financial Partners LLC purchased a new position in TTM Technologies during the third quarter valued at $31,000. Parallel Advisors LLC boosted its holdings in TTM Technologies by 36.2% in the 1st quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock worth $32,000 after buying an additional 87 shares during the last quarter. Finally, Signature Equity Partners LLC acquired a new position in TTM Technologies in the 1st quarter valued at $40,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

TTM Technologies Trading Up 6.4%

The stock has a market capitalization of $8.28 billion, a PE ratio of 34.97 and a beta of 2.14. The company’s 50 day moving average price is $118.27 and its two-hundred day moving average price is $142.13. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.78 and a quick ratio of 1.54.

TTM Technologies Company Profile

TTM Technologies, Inc is a manufacturer of technology solutions and printed circuit boards (PCBs), which are used to connect and support electronic components in a wide range of products. The company produces conventional rigid PCBs as well as high-density interconnect, flexible and rigid-flex circuit boards, and other advanced circuit technologies.

TTM also provides radio-frequency and microwave/microelectronic assembly capabilities, including components and assemblies used in communications, radar and other high-frequency applications.