TTM Technologies (NASDAQ:TTMI) Hits New 12-Month High – Here’s Why

TTM Technologies, Inc. (NASDAQ:TTMI) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $113.45 and last traded at $111.6970, with a volume of 302663 shares trading hands. The stock had previously closed at $106.70.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TTMI. Weiss Ratings upgraded shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Stifel Nicolaus set a $108.00 price objective on shares of TTM Technologies in a research report on Thursday, February 5th. Truist Financial set a $113.00 price target on TTM Technologies in a research report on Wednesday, January 14th. Needham & Company LLC upped their price objective on shares of TTM Technologies from $105.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $117.25.

TTM Technologies Stock Up 5.1%

The company has a debt-to-equity ratio of 0.52, a current ratio of 1.93 and a quick ratio of 1.67. The company has a market capitalization of $11.60 billion, a P/E ratio of 66.11 and a beta of 1.75. The company has a 50 day moving average of $87.29 and a 200-day moving average of $68.17.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, February 4th. The technology company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. TTM Technologies had a return on equity of 13.30% and a net margin of 6.11%.The firm had revenue of $763.53 million for the quarter, compared to analysts’ expectations of $752.96 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 19.0% on a year-over-year basis. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. As a group, equities analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Insider Activity at TTM Technologies

In other TTM Technologies news, EVP Daniel J. Weber sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $93.88, for a total transaction of $1,126,560.00. Following the completion of the transaction, the executive vice president owned 94,621 shares in the company, valued at $8,883,019.48. The trade was a 11.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Catherine A. Gridley sold 20,000 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $105.94, for a total value of $2,118,800.00. Following the completion of the transaction, the executive vice president owned 78,645 shares in the company, valued at $8,331,651.30. This trade represents a 20.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 90,350 shares of company stock worth $8,327,906. 1.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTMI. 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 worth $543,000 after purchasing 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% in 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 acquiring an additional 2,632 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in 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 valued at $34,989,000 after purchasing an additional 115,766 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in TTM Technologies by 7.7% in 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 worth $3,908,000 after purchasing an additional 13,691 shares during the period. Finally, Jane Street Group LLC boosted its holdings 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 purchasing an additional 128,700 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

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.