TTM Technologies (NASDAQ:TTMI) Shares Gap Up – Should You Buy?

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) gapped up prior to trading on Tuesday . The stock had previously closed at $133.17, but opened at $141.78. TTM Technologies shares last traded at $140.5160, with a volume of 102,997 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TTMI. Stifel Nicolaus raised their price target on shares of TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Wall Street Zen lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of TTM Technologies in a research note on Monday, May 18th. Zacks Research lowered shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, B. Riley Financial lifted their target price 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. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $212.00.

TTM Technologies Trading Up 8.5%

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 $15.01 billion, a price-to-earnings ratio of 77.95 and a beta of 2.10. The business has a 50 day simple moving average of $175.41 and a 200-day simple moving average of $129.35.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data 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 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%. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.50 EPS. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. On average, equities analysts predict that TTM Technologies, Inc. will post 3.66 earnings per share for the current year.

Insider Activity at TTM Technologies

In other TTM Technologies news, EVP Catherine A. Gridley sold 8,966 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total transaction of $1,881,066.80. Following the transaction, the executive vice president owned 69,679 shares of the company’s stock, valued at $14,618,654.20. This trade represents a 11.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Dale Martin Knecht sold 6,754 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $209.79, for a total transaction of $1,416,921.66. Following the sale, the senior vice president directly owned 68,350 shares of the company’s stock, valued at $14,339,146.50. This represents a 8.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 82,043 shares of company stock valued at $17,191,859 over the last 90 days. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TTM Technologies

Large investors have recently modified their holdings of the company. Harbor Investment Advisory LLC acquired a new position in shares of TTM Technologies in the 2nd quarter valued at about $29,000. Kestra Advisory Services LLC purchased a new position in TTM Technologies in the fourth quarter valued at approximately $30,000. Truvestments Capital LLC acquired a new position in TTM Technologies during the fourth quarter valued at approximately $30,000. GoalVest Advisory LLC lifted its position in TTM Technologies by 456.7% during the second 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. Finally, Rakuten Securities Inc. purchased a new stake in TTM Technologies during the fourth quarter worth approximately $32,000. 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.