TTM Technologies (NASDAQ:TTMI) Issues Earnings Results

TTM Technologies (NASDAQ:TTMI) released its quarterly earnings results on Wednesday. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.47 by $0.05, Zacks reports. TTM Technologies had a return on equity of 8.67% and a net margin of 2.90%. TTM Technologies updated its Q1 2025 guidance to 0.370-0.430 EPS.

TTM Technologies Stock Up 13.2 %

Shares of TTMI traded up $3.28 during midday trading on Thursday, hitting $28.06. The company had a trading volume of 998,828 shares, compared to its average volume of 636,141. The company’s 50-day simple moving average is $25.04 and its 200-day simple moving average is $21.79. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.00. TTM Technologies has a 1 year low of $13.43 and a 1 year high of $30.41. The firm has a market capitalization of $2.86 billion, a P/E ratio of 43.01 and a beta of 1.19.

Analyst Ratings Changes

Separately, Needham & Company LLC raised their target price on TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday.

Insider Buying and Selling

In related news, EVP Douglas L. Soder sold 5,985 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $25.00, for a total value of $149,625.00. Following the completion of the sale, the executive vice president now directly owns 179,493 shares of the company’s stock, valued at $4,487,325. The trade was a 3.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Shawn A. Powers sold 6,400 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $23.74, for a total value of $151,936.00. Following the sale, the executive vice president now owns 95,341 shares in the company, valued at $2,263,395.34. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,233 shares of company stock worth $1,042,577 over the last 90 days. 1.70% of the stock is owned by insiders.

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.