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TTM Technologies

TTM Technologies Inc manufactures technology solutions, including mission systems, radio frequency (RF) components/RF microwave/microelectronic assemblies, quick-turn and technologically printed circuit boards (PCB). The company is based in the United States and derives roughly half of its revenue domestically. The company organizes itself into two segments: printed circuit boards and RF&S Components. The printed circuit boards segment, which contributes the majority of revenue, offers a range of printed circuit boards as well as layout design and simulation, and testing services. TTM Technologies' products are used in manufacturing, networking, telecommunications, computing, aerospace, and medical fields.

TTM Technologies Inc

Catherine Gridley, EVP at TTM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>), executed a substantial insider sell on November 7, according to an SEC filing.
What Happened: Gridley's decision to sell 5,000 shares of TTM Technologies was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001116942/000095017024123568//Archives/edgar/data/1116942/000095017024123568/0000950170-24-123568-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total value of the sale is $125,727.
The latest update on Friday morning shows TTM Technologies shares down by 0.0%, trading at $25.24.
<h3>Get to Know TTM Technologies Better</h3>
TTM Technologies Inc manufactures technology solutions, including mission systems, radio frequency (RF) components/RF microwave/microelectronic assemblies, quick-turn and technologically printed circuit boards (PCB). The company is based in the United States and derives roughly half of its revenue domestically. The company organizes itself into two segments: printed circuit boards and RF&amp;S Components. The printed circuit boards segment, which contributes the majority of revenue, offers a range of printed circuit boards as well as layout design and simulation, and testing services. TTM Technologies' products are used in manufacturing, networking, telecommunications, computing, aerospace, and medical fields.
<h3>TTM Technologies: A Financial Overview</h3>
Revenue Growth: TTM Technologies's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 7.68%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 21.07%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): TTM Technologies's EPS is below the industry average. The company faced challenges with a current EPS of 0.14. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: With a high debt-to-equity ratio of 0.66, TTM Technologies faces challenges in effectively managing its debt levels, indicating potential financial strain.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: A higher-than-average P/E ratio of 38.24 suggests caution, as the stock may be overvalued in the eyes of investors.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 1.11 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 10.76, TTM Technologies could be considered undervalued.
</li>
</ul>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
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<h3>Unmasking the Significance of Insider Transactions</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Deciphering Transaction Codes in Insider Filings</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001116942">Check Out The Full List Of TTM Technologies's Insider Trades.</a>
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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TTM Technologies EVP Sold $125K In Company Stock

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Shares of companies within the broader technology sector are trading higher in sympathy with overall market strength after Donald Trump was elected president of the United States.

U.S. stocks were lower, with the Dow Jones index falling around 200 points on Thursday.
Shares of Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) rose sharply during Thursday&#8217;s session after the company reported better-than-expected third-quarter financial results and reported a year-over-year increase in daily <a href="https://www.benzinga.com/news/earnings/24/10/41654520/roblox-q3-earnings-bookings-jump-34-user-base-hits-89-million-raises-annual-outlook">active users and hours engaged</a>.
The video game developer reported an adjusted EPS loss of 37 cents, beating the analyst consensus loss estimate of 0.39 cents. The revenue of the American video game developer grew by 29% Y/Y to $919 million.
Roblox shares climbed 21.5% to $52.13 on Thursday.
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Roblox Posts Upbeat Results, Joins Paycom Software, Norwegian Cruise Line, Altria Group, Booking And Other Big Stocks Moving Higher On Thursday

TTM Technologies shares are trading higher after the company reported better-than-expected Q3 revenue results and Needham raised its price target on the stock from $24 to $26.

Needham analyst James Ricchiuti maintains TTM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>) with a Buy and raises the price target from $24 to $26.

Price Target

Analyst Ratings

Needham Maintains Buy on TTM Technologies, Raises Price Target to $26

TTM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>) reported quarterly earnings of $0.41 per share which met the analyst consensus estimate. The company reported quarterly sales of $616.538 million which beat the analyst consensus estimate of $604.009 million by 2.07 percent. This is a 7.68 percent increase over sales of $572.582 million the same period last year.

Earnings

Earnings Beats

TTM Technologies Q3 2024 Adj. EPS $0.41, Inline, Sales $616.538M Beat $604.009M Estimate

TTM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>) is looking for Q4 Adj EPS of $0.44-0.50 vs $0.43 analyst estimate. seessales of $610.000 million-650.000 million vs $615.63 million estimate.

Guidance

TTM Technologies Sees Q4 Adj EPS $0.44-0.50 vs $0.43 Est; Sees Sales $610.000M-650.000M vs $615.63M Est

Daniel J Weber, EVP at TTM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>), disclosed an insider sell on August 20, according to a recent SEC filing.
What Happened: Weber's decision to sell 13,000 shares of TTM Technologies was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001116942/000095017024098903//Archives/edgar/data/1116942/000095017024098903/0000950170-24-098903-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday. The total value of the sale is $247,019.
The latest update on Tuesday morning shows TTM Technologies shares down by 0.36%, trading at $19.4.
<h3>Discovering TTM Technologies: A Closer Look</h3>
TTM Technologies Inc manufactures technology solutions, including mission systems, radio frequency (RF) components/RF microwave/microelectronic assemblies, quick-turn and technologically printed circuit boards (PCB). The company is based in the United States and derives roughly half of its revenue domestically. The company organizes itself into two segments: printed circuit boards and RF&amp;S Components. The printed circuit boards segment, which contributes the majority of revenue, offers a range of printed circuit boards as well as layout design and simulation, and testing services. TTM Technologies' products are used in manufacturing, networking, telecommunications, computing, aerospace, and medical fields.
<h3>Key Indicators: TTM Technologies's Financial Health</h3>
Revenue Growth: TTM Technologies displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 10.73%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 19.37%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, TTM Technologies exhibits below-average bottom-line performance with a current EPS of 0.26.
</li>
</ul>
Debt Management: TTM Technologies's debt-to-equity ratio surpasses industry norms, standing at 0.66. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 121.69, TTM Technologies's stock is perceived as being overvalued in the market.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.86, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a below-average EV/EBITDA ratio of 10.33, TTM Technologies presents an opportunity for value investors. This lower valuation may attract investors seeking undervalued opportunities.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
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<h3>The Impact of Insider Transactions on Investments</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Important Transaction Codes</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001116942">Check Out The Full List Of TTM Technologies's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

TTM Technologies Insider Trades Send A Signal

Daniel J Weber, EVP at TTM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>), executed a substantial insider sell on August 15, according to an SEC filing.
What Happened: After conducting a thorough analysis, Weber sold 13,000 shares of TTM Technologies. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001116942/000095017024097388//Archives/edgar/data/1116942/000095017024097388/0000950170-24-097388-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total transaction value is $240,500.
In the Thursday's morning session, TTM Technologies's shares are currently trading at $18.23, experiencing a down of 0.0%.
<h3>About TTM Technologies</h3>
TTM Technologies Inc manufactures technology solutions, including mission systems, radio frequency (RF) components/RF microwave/microelectronic assemblies, quick-turn and technologically printed circuit boards (PCB). The company is based in the United States and derives roughly half of its revenue domestically. The company organizes itself into two segments: printed circuit boards and RF&amp;S Components. The printed circuit boards segment, which contributes the majority of revenue, offers a range of printed circuit boards as well as layout design and simulation, and testing services. TTM Technologies' products are used in manufacturing, networking, telecommunications, computing, aerospace, and medical fields.
<h3>Financial Milestones: TTM Technologies's Journey</h3>
Positive Revenue Trend: Examining TTM Technologies's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 10.73% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 19.37%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): TTM Technologies's EPS is below the industry average. The company faced challenges with a current EPS of 0.26. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: TTM Technologies's debt-to-equity ratio stands notably higher than the industry average, reaching 0.66. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 113.94, TTM Technologies's stock is perceived as being overvalued in the market.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 0.81 is lower than the industry average, implying a discounted valuation for TTM Technologies's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): TTM Technologies's EV/EBITDA ratio, lower than industry averages at 9.82, indicates attractively priced shares.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Uncovering the Importance of Insider Activity</h3>
It's important to note that insider transactions alone should not dictate investment decisions, but they can provide valuable insights.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Important Transaction Codes</h3>
Digging into the details of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their attention to those taking place in the open market, as outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001116942">Check Out The Full List Of TTM Technologies's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Sell Alert: Daniel J Weber Cashes Out $240K In TTM Technologies Stock

Needham analyst James Ricchiuti maintains TTM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>) with a Buy and raises the price target from $21 to $22.

Needham Maintains Buy on TTM Technologies, Raises Price Target to $22

B. Riley Securities analyst Mike Crawford maintains TTM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>) with a Buy and raises the price target from $25.5 to $27.25.

B. Riley Securities Maintains Buy on TTM Technologies, Raises Price Target to $27.25

Stifel analyst Matthew Sheerin maintains TTM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>) with a Buy and raises the price target from $19 to $24.

Stifel Maintains Buy on TTM Technologies, Raises Price Target to $24

Truist Securities analyst William Stein reiterates TTM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>) with a Buy and raises the price target from $22 to $24.

Reiteration

Truist Securities Reiterates Buy on TTM Technologies, Raises Price Target to $24

Business&nbsp;Outlook
For the&nbsp;third quarter&nbsp;of 2024, TTM estimates that revenues will be in the range of&nbsp;$580 million&nbsp;to&nbsp;$620 million, and non-GAAP net income will be in the range of&nbsp;$0.37&nbsp;to&nbsp;$0.43&nbsp;per diluted share.&nbsp;&nbsp;

TTM Technologies Expects Q3 Revenue Of $580M-$620M Vs $600.38M Est, Adj EPS Of $0.37-$0.43 Vs $0.40 Est

TTM Technologies Q2 2024 Adj. EPS $0.39 Beats $0.34 Estimate, Sales $605.137M Beat $579.776M Estimate

In the preceding three months, 4 analysts have released ratings for TTM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>), presenting a wide array of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated TTM Technologies and provided 12-month price targets. The average target is $21.12, accompanied by a high estimate of $25.50 and a low estimate of $19.00. Witnessing a positive shift, the current average has risen by 14.53% from the previous average price target of $18.44.
<img src="https://www.benzinga.com/files/images/story/2024/1721311222_0_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive TTM Technologies. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mike Crawford</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$25.50</td>
<td>$20.75</td>
</tr>
<tr>
<td>James Ricchiuti</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$21.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>James Ricchiuti</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$19.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Matthew Sheerin</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$19.00</td>
<td>$15.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to TTM Technologies. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of TTM Technologies compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for TTM Technologies's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into TTM Technologies's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/TTMI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on TTM Technologies analyst ratings.</a>
<h2>About TTM Technologies</h2>
TTM Technologies Inc manufactures technology solutions, including mission systems, radio frequency (RF) components/RF microwave/microelectronic assemblies, quick-turn and technologically printed circuit boards (PCB). The company is based in the United States and derives roughly half of its revenue domestically. The company organizes itself into two segments: printed circuit boards and RF&amp;S Components. The printed circuit boards segment, which contributes the majority of revenue, offers a range of printed circuit boards as well as layout design and simulation, and testing services. TTM Technologies' products are used in manufacturing, networking, telecommunications, computing, aerospace, and medical fields.
<h3>A Deep Dive into TTM Technologies's Financials</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining TTM Technologies's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 4.72% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: TTM Technologies's net margin is impressive, surpassing industry averages. With a net margin of 1.84%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): TTM Technologies's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 0.69%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): TTM Technologies's ROA stands out, surpassing industry averages. With an impressive ROA of 0.32%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.67, caution is advised due to increased financial risk.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations For TTM Technologies's Future

B. Riley Securities analyst Mike Crawford maintains TTM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>) with a Buy and raises the price target from $20.75 to $25.5.

B. Riley Securities Maintains Buy on TTM Technologies, Raises Price Target to $25.5

Needham analyst James Ricchiuti maintains TTM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>) with a Buy and raises the price target from $19 to $21.

Needham Maintains Buy on TTM Technologies, Raises Price Target to $21

TTM Technologies shares are trading higher after Stifel upgraded the stock from Hold to Buy and raised its price target from $15 to $19.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
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Mizuho cut the price target for Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) from $480 to $478. Mizuho analyst Dan Dolev maintained a Buy rating. Mastercard shares fell 2% to close at $442.07 on Wednesday. <a href="https://www.benzinga.com/quote/MA/analyst-ratings">See how other analysts view this stock.</a>
DA Davidson slashed Fastly, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>) price target from $24 to $8.5. DA Davidson analyst Rudy Kessinger downgraded the stock from Buy to Neutral. Fastly shares rose 2.2% to close at $12.93 on Wednesday. <a href="https://www.benzinga.com/quote/FSLY/analyst-ratings">See how other analysts view this stock</a>.
Canaccord Genuity lowered the price target for Hudson Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HDSN#NASDAQ">HDSN</a>) from $15 to $10. Canaccord Genuity analyst Austin Moeller downgraded the stock from Buy to Hold. Hudson Technologies shares fell 1.2% to close at $9.80 on Wednesday. <a href="https://www.benzinga.com/quote/HDSN/analyst-ratings">See how other analysts view this stock</a>.
Wolfe Research raised QUALCOMM Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) price target from $180 to $200. Wolfe Research analyst Chris Caso maintained an Outperform rating. QUALCOMM shares fell 1.1% to close at $164.11 on Wednesday. <a href="https://www.benzinga.com/quote/QCOM/analyst-ratings">See how other analysts view this stock</a>.
Baird increased Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) price target from $65 to $110. Baird analyst Colin Sebastian maintained a Neutral rating. Carvana shares gained 5% to close at $87.09 on Wednesday. <a href="https://www.benzinga.com/quote/CVNA/analyst-ratings">See how other analysts view this stock.</a>
Stifel raised the price target for TTM Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>) from $15 to $19. Stifel analyst Matthew Sheerin upgraded the stock from Hold to Buy. TTM Technologies shares fell 1.1% to close at $14.77 on Wednesday. <a href="https://www.benzinga.com/quote/TTMI/analyst-ratings">See how other analysts view this stock</a>.
TD Cowen boosted Wingstop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) price target from $410 to $430. TD Cowen analyst Andrew Charles maintained a Buy rating. Wingstop shares fell 0.2% to close at $383.98 on Wednesday. <a href="https://www.benzinga.com/quote/WING/analyst-ratings">See how other analysts view this stock.</a>
Susquehanna cut Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) price target from $25 to $23. Susquehanna analyst Christopher Rolland maintained a Neutral rating. Wolfspeed shares fell 3.4% to close at $26.11 on Wednesday. <a href="https://www.benzinga.com/quote/WOLF/analyst-ratings">See how other analysts view this stock</a>.
Baird slashed O-I Glass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) price target from $28 to $22. Baird analyst Ghansham Panjabi maintained an Outperform rating. O-I Glass shares fell 15.9% to close at $12.58 on Wednesday. <a href="https://www.benzinga.com/quote/OI/analyst-ratings">See how other analysts view this stock.</a>
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Reports Q3 revenue $616.54M, consensus $604.01M. Reports book to bill of 1.20 for the third quarter. "TTM delivered strong operating margin perform...

TTM Technologies reports Q3 EPS 41c, consensus 41c

Sees Q4 revenue $610M-$650M, consensus $615.63M. The company said, "With respect to the Company's outlook for non-GAAP net income per diluted share...

TTM Technologies sees Q4 EPS 44c-50c, consensus 43c

James Ricchiuti, an analyst from Needham, reiterated the Buy rating on TTM Technologies (TTMI – Research Report). The associated price target was r...

Strong Buy Rating for TTM Technologies Amid Robust A&D and Data Center Growth

B. Riley raised the firm's price target on TTM Technologies (TTMI) to $29 from $27.25 and keeps a Buy rating on the shares. The company reported st...

TTM Technologies price target raised to $29 from $27.25 at B. Riley

Stifel Nicolaus analyst Matthew Sheerin maintained a Buy rating on TTM Technologies (TTMI – Research Report) yesterday and set a price target of $2...

TTM Technologies (TTMI) Receives a Buy from Stifel Nicolaus

Small-cap investments present an appealing opportunity for risk-tolerant investors, driven by strong economic growth, robust consumer spending, and diverse sector exposure. Therefore, it may be wise to consider solid small-cap stocks: TTM Technologies (TTMI), Kennametal (KMT), and Semrush Holdings (SEMR). Read on... The outlook for small-cap stocks is bright in the near term, bolstered by robust consumer spending, increased business investment, and a strengthening economy paired with easing inflation. Small-cap stocks provide diverse sector exposure, helping to mitigate regulatory and sector-specific risks while offering a broad array of investment opportunities.
For risk-tolerant investors, now is an opportune time to consider fundamentally strong and stable small-cap stocks like TTM Technologies, Inc. (<a href="https://stocknews.com/stock/TTMI/">TTMI</a>), Kennametal Inc. (<a href="https://stocknews.com/stock/KMT/">KMT</a>), and Semrush Holdings, Inc. (<a href="https://stocknews.com/stock/SEMR/">SEMR</a>).
The U.S. economy grew at an annualized rate of <a href="https://www.reuters.com/markets/us/us-economy-posts-solid-growth-election-eve-2024-10-30/">2.8% in the third quarter</a>, outpacing the expected non-inflationary growth rate of 1.8%. The resilient labor market supports consumer spending, which is vital as it constitutes over two-thirds of economic activity. Notably, consumer spending increased by 3.7%, highlighting strong economic momentum.
Meanwhile, inflation is <a href="https://www.reuters.com/markets/rates-bonds/traders-stick-bets-25-bps-fed-rate-cuts-nov-dec-2024-10-31/">currently at 2.1%</a>, slightly above the Federal Reserve's target, leading to expectations for rate cuts next week and in December. These cuts could lower borrowing costs, boost consumer spending, and enhance small-cap stock valuations. With a focus on domestic revenues, small-cap stocks are well-positioned to benefit from these favorable economic conditions.
Additionally, small caps offer broader industry exposure with less concentration in the tech and communication sectors, providing growth potential across various industries. Considering these conducive trends, let's examine the fundamentals of the above-mentioned small-cap stocks.
TTM Technologies, Inc. (<a href="https://stocknews.com/stock/TTMI/">TTMI</a>)
Valued at $2.30 billion by market cap, TTMI and its subsidiaries manufacture and sell mission systems, radio frequency (RF) components, RF microwave/microelectronic assemblies, and printed circuit boards (PCBs) worldwide. The company operates in two segments: PCB and RF&amp;S Components.
On September 24, 2024, TTMI announced the release of its new Xinger Ultra-Wide Band Balun Transformers, XMB0220K1-50100G and XMB0465Z1-50100G, for efficient signal conversion across diverse markets including telecom, military, 5G, and aerospace. The transformers are now available for sampling, with full purchase availability expected later this fall.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a>, TTMI's 13.08% is 33.8% higher than the 9.77% industry average. Its 6.50% trailing-12-month EBIT margin is 24.8% higher than the 5.21% industry average. Likewise, the stock's 0.71x trailing-12-month asset turnover ratio is 15.6% higher than the 0.61x industry average.
TTMI's net sales for the fiscal third quarter ended September 30, 2024, increased 7.7% year-over-year to $616.54 million. Its non-GAAP gross profit was $129.89 million, up 14.7% year-over-year. Additionally, the company's non-GAAP net income and non-GAAP EPS were $42.67 million and $0.41, respectively.
For the quarter ending December 31, 2024, TTMI's revenue and EPS are expected to grow 10.8% and 15.9% year-over-year to $630.68 million and $0.48, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past year, TTMI's stock has gained 74.9% to close the last trading session at $22.60. Its 24-month beta is 1.81.
It's no surprise that TTMI has an overall rating of B, which translates to a Buy in our proprietary <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Momentum and a B for Growth and Sentiment. It is ranked #4 out of 42 stocks in the <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> industry. To see TTMI's Value, Stability, and Quality ratings, <a href="https://stocknews.com/stock/TTMI/">click here</a>.
Kennametal Inc. (<a href="https://stocknews.com/stock/KMT/">KMT</a>)
Valued at $2.02 billion by market cap, KMT engages in the development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications, enabling customers to work against corrosion and high-temperature conditions worldwide. It operates through two segments: Metal Cutting and Infrastructure.
On October 25, 2024, KMT announced the expansion of its turning portfolio with three new products – TopSwiss Turning Inserts, Micro Boring Solid (MBS) tooling, and KCU25B Turning Inserts – designed to enhance precision, output, and quality in small parts and medical machining. These products support various industries with improved performance, durability, and versatile applications.
In terms of the trailing-12-month Capex / Sales, KMT's 5.25% is 82.5% higher than the 2.88% industry average. Its 8.65% trailing-12-month levered FCF margin is 29.6% higher than the 6.67% industry average. Also, the stock's 15.65% trailing-12-month EBITDA margin is 11.5% higher than the 14.04% industry average.
During the fiscal fourth quarter ended June 30, 2024, KMT's total revenues were $543.31 million. Its operating income was $62.58 million, up marginally from the prior-year quarter. Similarly, the company's adjusted net income and adjusted EPS were $38.78 million and $0.49, respectively.
Street expects KMT's EPS and revenue for the quarter ending March 31, 2025, to rise 26.7% and 1.6% year-over-year to $0.38 and $524.27 million, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. KMT's stock has gained 13.4% over the past year to close the last trading session at $25.88. Its 60-month beta is 1.64.
KMT's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It has an A grade for Value and a B for Quality. It is ranked #14 out of 34 stocks in the B-rated <a href="https://stocknews.com/category/industrial-manufacturing/">Industrial - Manufacturing</a> industry. Beyond what we stated above, we also have given KMT grades for Growth, Momentum, Stability, and Sentiment. Get all the KMT ratings <a href="https://stocknews.com/stock/KMT/">here</a>.
Semrush Holdings, Inc. (<a href="https://stocknews.com/stock/SEMR/">SEMR</a>)
Valued at $1.92 billion by market cap, SEMR develops an online visibility management software-as-a-service platform internationally, enabling companies to identify and reach the right audience for their content through the appropriate channels.
In terms of the trailing-12-month net income margin, SEMR's 4.39% is 26% higher than the 3.49% industry average. Likewise, its 83.38% trailing-12-month gross profit margin is 66.1% higher than the 50.21% industry average. Moreover, the stock's 1.02x trailing-12-month asset turnover ratio is 66.4% higher than the 0.61x industry average.
SEMR's net sales for the fiscal second quarter ended June 30, 2024, increased 21.8% year-over-year to $90.95 million. The company's non-GAAP income from operations grew 431.5% from the prior-year value to $12.19 million. Additionally, its net income attributable to SEMR was $1.66 million, compared to a net attributable loss of $279 thousand in the year-ago quarter.
Analysts expect SEMR's EPS for the quarter ended September 30, 2024, to increase 13.5% year-over-year to 0.07. Its revenue for the same quarter is expected to grow 22.9% year-over-year to $96.73 million. It surpassed the Street revenue estimates in three of the trailing four quarters. Over the past year, SEMR's stock has gained 71.9% to close the last trading session at $13.08. Its 24-month beta is 1.81.
SEMR's POWR Ratings reflect its solid prospects. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
SEMR has a B grade for Growth and Quality. Within the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry, it is ranked #20 out of 129 stocks. To access SEMR's additional ratings for Value, Momentum, Stability, and Sentiment, <a href="https://stocknews.com/stock/SEMR/">click here</a>.
What To Do Next?
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<hr />
TTMI shares . Year-to-date, TTMI has gained 42.95%, versus a 21.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/ttmi-kmt-semr-3-small-cap-stocks-with-big-upside-for-risk-tolerant-investors/>3 Small-Cap Stocks With Big Upside for Risk-Tolerant Investors</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Small-Cap Stocks With Big Upside for Risk-Tolerant Investors

In a report released yesterday, William Stein from Truist Financial maintained a Buy rating on TTM Technologies (TTMI – Research Report), with a pr...

TTM Technologies (TTMI) Receives a Buy from Truist Financial

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TTM Technologies, Inc. Reports Second Quarter 2024 Results

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TTM Technologies, Inc. to Conduct Third Quarter 2024 Conference Call on October 30, 2024

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