TTM Technologies (TTMI) closed the last trading session at $58.45, gaining 0.1% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $76 indicates a 30% upside potential.The mean estimate comprises four short-term price targets with a standard deviation of $3.16. While the lowest estimate of $72.00 indicates a 23.2% increase from the current price level, the most optimistic analyst expe ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the tr ...

Towards the end of September, I rated TTM Technologies, Inc. ( TTMI ) as a buy due to an expansion in Wisconsin and the acquisition of Land in Penang. The company wasFirst Principles Partners is an equity research analyst specializing in technology, innovation, and sustainability investment. My unique approach, "First Principles," involves breaking down complex problems to their most basic elements in terms of financial and technology, enabling me to uncover overlooked investment opportunities.With a strong ...

Core Insights - TTM Technologies, Inc. (TTMI) has been rated as a buy due to its expansion in Wisconsin and the acquisition of land in Penang [1] Company Developments - The company is focusing on growth through strategic expansions and acquisitions, indicating a proactive approach to enhancing its operational capabilities [1] Analyst Background - The analysis is conducted by an equity research analyst with a specialization in technology, innovation, and sustainability investment, utilizing a "First Principles" approach to identify investment opportunities [1]

Company Overview - TTM Technologies, Inc. (TTMI) is a global electronics manufacturer focusing on printed circuit boards (PCBs) and radio frequency (RF) components [1] - The company's products are widely utilized in defense, aerospace, automotive, computing, and other industries [1] - TTM provides design, simulation, and testing services, which have seen significant demand driven by advancements in artificial intelligence [1] Industry Insights - The demand for PCBs and RF components is increasing due to the growing integration of AI technologies across various sectors [1]

Core Insights - TTM Technologies, Inc. (TTMI) is highlighted as a significant player in the printed circuit board industry, despite its relatively small market capitalization of $7 billion [1]. Company Overview - TTM Technologies is identified as the largest printed circuit board manufacturer, which positions it favorably within the industry [1]. Investment Insights - The article suggests that TTM Technologies may present a potential investment opportunity, particularly for those looking for growth and value balance [1].

Group 1 - TTM Technologies, Inc. (TTMI) has a market capitalization of approximately $7 billion and is recognized as the largest printed circuit board manufacturer [1] - The investment group Beyond the Wall Investing offers a fundamentals-based portfolio and provides insights from institutional investors, along with technical trade alerts [1] - Oakoff Investments, a personal portfolio manager, emphasizes finding a balance between growth and value through proprietary Wall Street information [1]

Core Viewpoint - TTM Technologies (TTMI) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on the consensus measure of EPS estimates from sell-side analysts, reflecting the changing earnings picture that impacts stock prices [1][2]. - A strong correlation exists between earnings estimate revisions and near-term stock movements, with institutional investors using these estimates to determine fair value [3]. Business Improvement Indicators - The upgrade in TTM's rating signifies an improvement in the company's underlying business, which is expected to drive the stock price higher as investors recognize this trend [4]. Importance of Earnings Estimate Revisions - Tracking earnings estimate revisions is crucial for investment decisions, and the Zacks Rank system effectively utilizes this data to classify stocks [5][6]. - The Zacks Rank system has a proven track record, with Zacks Rank 1 stocks averaging an annual return of +25% since 1988 [6]. Specifics on TTM's Earnings Estimates - For the fiscal year ending December 2025, TTM is projected to earn $2.44 per share, unchanged from the previous year, but the Zacks Consensus Estimate has increased by 5.6% over the past three months [7]. Zacks Rating System Overview - The Zacks rating system maintains a balanced distribution of "buy" and "sell" ratings across its universe of over 4,000 stocks, with only the top 5% receiving a "Strong Buy" rating [8][9]. - TTM's upgrade to Zacks Rank 1 places it in the top 5% of stocks based on estimate revisions, suggesting potential for higher stock movement in the near term [9].

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates involves navigating inherent risks and volatility [1] Group 1: Company Overview - TTM Technologies (TTMI) is currently highlighted as a promising growth stock, supported by a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 14.5%, with projected EPS growth of 37.2% this year, significantly surpassing the industry average of 21.2% [4] Group 2: Financial Metrics - TTM's asset utilization ratio stands at 0.78, indicating that the company generates $0.78 in sales for every dollar in assets, which is higher than the industry average of 0.74 [5] - The company's sales are expected to grow by 18.1% this year, compared to an industry average of 0% [6] Group 3: Earnings Estimates - There has been a positive trend in earnings estimate revisions for TTM, with the Zacks Consensus Estimate for the current year increasing by 1.5% over the past month [8] - TTM has achieved a Growth Score of B and a Zacks Rank 2, indicating its potential as a strong choice for growth investors [10]

Financial Performance - Net sales increased by $136.2 million, or 22.1%, to $752.7 million for the quarter ended September 29, 2025, driven by strong demand in aerospace and defense, data center computing, and networking markets [83]. - Gross profit for the quarter increased by $26.8 million to $156.7 million, with a gross margin rate of 20.8%, slightly down from 21.1% in the previous year [85]. - Operating income rose by $20.9 million to $71.9 million for the quarter, with an operating margin rate of 9.6%, up from 8.3% in the prior year [89]. - Total net sales for the three quarters ended September 29, 2025, increased by $340.2 million, or 19.0%, to $2,132.0 million compared to the same period in the previous year [84]. - Total segment sales increased by $137.5 million, or 22.2%, to $756.2 million for the quarter ended September 29, 2025, from $618.7 million for the same quarter in 2024 [99]. - A&D segment sales increased by $57.3 million, or 20.5%, to $336.8 million for the quarter ended September 29, 2025, driven by improved defense spending and strong demand in missiles and munitions [101]. - Commercial segment sales increased by $79.5 million, or 24.1%, to $408.9 million for the quarter ended September 29, 2025, primarily due to strong demand in data center computing driven by generative AI [105]. - RF&S Components segment sales increased by $0.7 million, or 6.8%, to $10.4 million for the quarter ended September 29, 2025, supported by stronger demand across various end markets [109]. - Total operating income increased by $20.9 million to $71.9 million for the quarter ended September 29, 2025, compared to $51.0 million for the same quarter in 2024 [99]. - A&D segment operating income increased by $12.6 million to $52.9 million for the quarter ended September 29, 2025, with an operating margin rate of 15.7% [103]. - Commercial segment operating income increased by $8.9 million to $60.0 million for the quarter ended September 29, 2025, with a margin rate of 14.7% [107]. Tax and Expenses - Total other expense, net decreased by $15.9 million to $10.1 million for the quarter, primarily due to lower unrealized foreign exchange losses [91]. - Income tax expense decreased by $1.9 million to $8.8 million for the quarter, influenced by tax impacts and deductions related to stock-based compensation [93]. - Income tax expense increased by $3.1 million to $21.6 million for the three quarters ended September 29, 2025, compared to $18.5 million for the same period in 2024 [94]. Cash Flow and Capital Expenditures - Cash flow from operating activities was $229.0 million for the first three quarters of 2025, up from $150.8 million in the same period in 2024, primarily due to a $75.6 million increase in net income [115]. - As of September 29, 2025, the company had cash and cash equivalents of approximately $491.1 million, with $199.4 million of available borrowing capacity under revolving credit facilities [118]. - Total capital expenditures for 2025 are expected to be between $265.0 million and $285.0 million, with approximately $54.0 million allocated for the construction of a new plant in Syracuse, New York [119]. - Cash generated from operations and available cash are expected to meet anticipated capital expenditures, debt service, and working capital needs for the next 12 months [123]. Debt and Compliance - As of September 29, 2025, the company had $916.6 million in outstanding debt, including $497.2 million in Senior Notes due 2029 and $337.4 million under the Term Loan Facility [121]. - The company was in compliance with all covenants under the Senior Notes, Term Loan Facility, and ABL Revolving Loans as of September 29, 2025 [122]. - Liabilities associated with supplier finance program obligations amounted to $12.2 million as of September 29, 2025, down from $17.2 million as of December 30, 2024 [124]. - There were no material changes to contractual obligations and commitments since December 30, 2024, impacting liquidity and capital resource needs [125]. Market and Operational Insights - The company announced the acquisition of a 750,000-square-foot facility in Eau Claire, Wisconsin, to enhance advanced technology PCB manufacturing capabilities [74]. - A new advanced technology PCB manufacturing facility is under construction in Syracuse, New York, with volume production expected to commence in the second half of 2026 [75]. - Sales to the ten largest customers accounted for 56% of net sales for the quarter ended September 29, 2025, compared to 54% in the same quarter of the previous year [77]. - The percentage of net sales by end markets for the quarter included 45% aerospace and defense, 23% data center computing, and 14% medical/industrial/instrumentation [78]. - The company experiences seasonal softness in the first and third quarters due to holidays and vacation periods, leading to stronger revenue in the second and fourth quarters [126]. - There have been no material changes to market risks as previously disclosed in the Annual Report for the fiscal year ended December 30, 2024 [128]. Stock Repurchase Program - The 2025 Repurchase Program allows for the repurchase of up to $100.0 million in common stock, with no shares repurchased in the quarter ended September 29, 2025; approximately 0.7 million shares were repurchased for $17.9 million in the previous program [120].