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TTM Technologies (TTMI) Stock Price, News & Analysis

TTM Technologies logo
$23.27 -0.67 (-2.80%)
(As of 11/15/2024 ET)

About TTM Technologies Stock (NASDAQ:TTMI)

Key Stats

Today's Range
$23.23
$23.96
50-Day Range
$17.00
$25.28
52-Week Range
$13.43
$25.49
Volume
491,872 shs
Average Volume
784,685 shs
Market Capitalization
$2.37 billion
P/E Ratio
35.26
Dividend Yield
N/A
Price Target
$25.31
Consensus Rating
Buy

Company Overview

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.

TTM Technologies Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
84th Percentile Overall Score

TTMI MarketRank™: 

TTM Technologies scored higher than 84% of companies evaluated by MarketBeat, and ranked 173rd out of 659 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    TTM Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    TTM Technologies has only been the subject of 1 research reports in the past 90 days.

  • Read more about TTM Technologies' stock forecast and price target.
  • Earnings Growth

    Earnings for TTM Technologies are expected to grow by 30.15% in the coming year, from $1.36 to $1.77 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of TTM Technologies is 35.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.03.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of TTM Technologies is 35.26, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 244.04.

  • Price to Book Value per Share Ratio

    TTM Technologies has a P/B Ratio of 1.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about TTM Technologies' valuation and earnings.
  • Percentage of Shares Shorted

    2.47% of the float of TTM Technologies has been sold short.
  • Short Interest Ratio / Days to Cover

    TTM Technologies has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in TTM Technologies has recently increased by 8.93%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    TTM Technologies does not currently pay a dividend.

  • Dividend Growth

    TTM Technologies does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.47% of the float of TTM Technologies has been sold short.
  • Short Interest Ratio / Days to Cover

    TTM Technologies has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in TTM Technologies has recently increased by 8.93%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    TTM Technologies has a news sentiment score of 1.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for TTM Technologies this week, compared to 3 articles on an average week.
  • Search Interest

    1 people have searched for TTMI on MarketBeat in the last 30 days.
  • MarketBeat Follows

    4 people have added TTM Technologies to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, TTM Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $516,250.00 in company stock.

  • Percentage Held by Insiders

    Only 1.30% of the stock of TTM Technologies is held by insiders.

  • Percentage Held by Institutions

    95.79% of the stock of TTM Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about TTM Technologies' insider trading history.
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TTMI Stock News Headlines

TTM Technologies (TTMI) Receives a Buy from Truist Financial
There is a little known company that is changing warfare
With geo - political instability around the world investors are flocking to defense contract stocks. There is a little known company that is changing warfare. With the backing of U.S. government contracts, this startup is reshaping the future of the U.S. military.
TTM Technologies (TTMI) Receives a Buy from Stifel Nicolaus
Stifel Nicolaus Keeps Their Buy Rating on TTM Technologies (TTMI)
See More Headlines

TTMI Stock Analysis - Frequently Asked Questions

TTM Technologies' stock was trading at $15.81 at the beginning of 2024. Since then, TTMI shares have increased by 47.2% and is now trading at $23.27.
View the best growth stocks for 2024 here
.

TTM Technologies, Inc. (NASDAQ:TTMI) announced its quarterly earnings data on Wednesday, July, 31st. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.05. The business's revenue for the quarter was up 10.7% on a year-over-year basis.

TTM Technologies subsidiaries include these companies: Anaren, Viasystems Group Inc., Tyco Printed Circuit Group, Anaren Communication (Suzhou) Co. Ltd., Anaren GP Inc., Anaren LLC, Anaren Microwave Inc., and others.

TTM Technologies' top institutional investors include Thrivent Financial for Lutherans (5.54%), State Street Corp (3.97%), Geode Capital Management LLC (2.39%) and Charles Schwab Investment Management Inc. (1.94%). Insiders that own company stock include Douglas L Soder, Philip Titterton, Catherine A Gridley, Shawn A Powers, Daniel J Weber, William Kent Hardwick, Dale Martin Knecht, Jeff Jankowsky, Tom Clapprood, Anthony Joseph Sandeen, Robert P Farrell and Tony Sanchez.
View institutional ownership trends
.

Shares of TTMI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that TTM Technologies investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Netflix (NFLX), Palo Alto Networks (PANW) and Tesla (TSLA).

Company Calendar

Last Earnings
7/31/2024
Today
11/16/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/05/2025

Industry, Sector and Symbol

Industry
Printed circuit boards
Sub-Industry
Electronic Manufacturing Services
Current Symbol
NASDAQ:TTMI
CUSIP
87305R10
Employees
15,800
Year Founded
1998

Price Target and Rating

Average Stock Price Target
$25.31
High Stock Price Target
$27.25
Low Stock Price Target
$24.00
Potential Upside/Downside
+8.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-18,720,000.00
Pretax Margin
3.71%

Debt

Sales & Book Value

Annual Sales
$2.23 billion
Cash Flow
$2.62 per share
Book Value
$15.17 per share

Miscellaneous

Free Float
100,643,000
Market Cap
$2.37 billion
Optionable
Optionable
Beta
1.22

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This page (NASDAQ:TTMI) was last updated on 11/17/2024 by MarketBeat.com Staff
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