Contrasting TTM Technologies (NASDAQ:TTMI) & Veralto (NYSE:VLTO)

TTM Technologies (NASDAQ:TTMI) and Veralto (NYSE:VLTO) are both large-cap technology companies, but which is the superior stock? We will contrast the two businesses based on the strength of their analyst recommendations, institutional ownership, earnings, risk, profitability, valuation and dividends.

Profitability

This table compares TTM Technologies and Veralto’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
TTM Technologies	7.01%	15.67%	7.11%
Veralto	17.35%	34.76%	13.38%

Analyst Ratings

This is a summary of recent recommendations and price targets for TTM Technologies and Veralto, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
TTM Technologies	0	1	4	1	3.00
Veralto	0	4	6	0	2.60

TTM Technologies presently has a consensus target price of $214.25, suggesting a potential upside of 90.51%. Veralto has a consensus target price of $112.50, suggesting a potential upside of 17.87%. Given TTM Technologies’ stronger consensus rating and higher possible upside, equities research analysts plainly believe TTM Technologies is more favorable than Veralto.

Volatility and Risk

TTM Technologies has a beta of 2.15, suggesting that its share price is 115% more volatile than the S&P 500. Comparatively, Veralto has a beta of 0.6, suggesting that its share price is 40% less volatile than the S&P 500.

Valuation & Earnings

This table compares TTM Technologies and Veralto”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
TTM Technologies	$2.91 billion	4.08	$177.45 million	$2.22	50.66
Veralto	$5.50 billion	4.23	$940.00 million	$3.96	24.10

Veralto has higher revenue and earnings than TTM Technologies. Veralto is trading at a lower price-to-earnings ratio than TTM Technologies, indicating that it is currently the more affordable of the two stocks.

Institutional and Insider Ownership

95.8% of TTM Technologies shares are held by institutional investors. Comparatively, 91.3% of Veralto shares are held by institutional investors. 1.3% of TTM Technologies shares are held by insiders. Comparatively, 0.4% of Veralto shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Summary

Veralto beats TTM Technologies on 8 of the 15 factors compared between the two stocks.

About TTM Technologies

TTM Technologies, Inc., together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs. It also provides advanced ceramic RF components including standard and etched thick-film ceramic substrates; and hi-reliability multi-chip modules. In addition, the company offers radar systems including maritime surveillance and weather avoidance radar systems, surveillance products, communication systems, RF assembly and test services, and passive RF components. Further, the company provides custom designed application specific integrated circuits, high density interconnect, IC substrates, flexible and rigid flex PCBs, and custom assemblies including backplane and mid-plane assemblies, flexible and rigid-flex assemblies, and RF assemblies, as well as conventional PCBs, such as single-sided, double-sided, and multi-layer boards. Additionally, it offers quick turnaround services, which includes prototype production and ramp-to-volume production, and thermal management. The company serves original equipment manufacturers and electronic manufacturing services providers, original design manufacturers, distributors, and government agencies; and aerospace and defense, data center computing, automotive, medical, industrial, and instrumentation, as well as networking applications. TTM Technologies, Inc. was incorporated in 1978 and is headquartered in Santa Ana, California.

About Veralto

Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color services worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications through the Hach, Trojan Technologies, and ChemTreat brands. This segment provides water solutions, including chemical reagents, services, and digital solutions. The PQI segment offers inline printing solutions for products and packaging with marking and coding systems; marking and coding for packaged goods and related consumables; design software and imaging systems for the creation of new packaging designs; color management solutions for printed packages and consumer and industrial products; color standard services for the design industry; and a software solution that provides digital asset management, marketing resource management, and product information management. This segment sells its products and services through the Videojet, Linx, Esko, X-Rite, and Pantone brands to regulated industries, including municipal utilities, food and beverage, pharmaceutical, and industrials. The company was formerly known as DH EAS Holding Corp. and changed its name to Veralto Corporation in February 2023. Veralto Corporation was incorporated in 2022 and is headquartered in Waltham, Massachusetts.