Core Insights - TTM Technologies, Inc. has announced the acquisition of a 750,000-square-foot facility in Eau Claire, Wisconsin, and land rights for a future manufacturing site in Penang, Malaysia, to enhance its manufacturing capabilities [1][3][4] Group 1: Acquisition Details - The Eau Claire facility was previously owned by TDK and is well-equipped for advanced technology PCB manufacturing, allowing TTM to reduce lead times for U.S. domestic capacity [3][4] - The new facility in Penang will support supply chain diversification beyond China, providing cost-competitive, high-quality PCB manufacturing in Southeast Asia [4] Group 2: Strategic Implications - These investments align with TTM's strategy to offer regionally optimized, globally connected manufacturing solutions, enhancing supply chain security and flexibility for global customers [2][4] - The Eau Claire facility is expected to support high-volume production for key markets, particularly in data center computing and networking for generative AI applications [3][4] Group 3: Economic Impact - The expansion in Wisconsin is seen as beneficial for the local economy, with the state recognized for its precision manufacturing capabilities [4] - TTM does not anticipate significant impacts on its operational results or financial condition for 2025 from these investments [5]

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with TTM Technologies (TTMI) currently holding a Momentum Style Score of B [2][3] Group 2: TTM Technologies Performance - TTM Technologies has a Zacks Rank of 2 (Buy), indicating strong potential for outperformance in the market [3] - Over the past week, TTMI shares increased by 9.37%, while the Zacks Electronics - Miscellaneous Components industry remained flat [5] - In the last quarter, TTMI shares rose by 124.2%, and over the past year, they increased by 110.66%, significantly outperforming the S&P 500's gains of 23.56% and 13.28% respectively [6] Group 3: Trading Volume and Earnings Outlook - The average 20-day trading volume for TTMI is 1,686,689 shares, which is a bullish indicator when combined with rising stock prices [7] - In terms of earnings outlook, TTMI's consensus estimate increased from $2.17 to $2.19 over the past 60 days, with one upward revision and no downward revisions for the current fiscal year [9] Group 4: Conclusion - Considering the positive momentum indicators and earnings outlook, TTM Technologies is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]

Core Insights - TTM Technologies, Inc. has launched the MSK5065RH module, a high-efficiency, radiation-hardened switching regulator designed for space and defense applications [1][3] - The module is part of TTM's expanding portfolio of space-grade microelectronics, providing robust performance and exceptional radiation tolerance [1][2] Product Specifications - The MSK5065RH module can supply over 3 amperes of continuous output current with peak efficiencies exceeding 90% [2] - It is tested to withstand up to 100 krad (Si) Total Ionizing Dose (TID) and has low sensitivity to Single Event Effects (SEE), making it suitable for LEO, MEO, and deep space missions [2] Industry Collaboration - The module is based on the ISL73007SEH from Renesas Electronic Corporation, known for its reliability in harsh environments [3] - Renesas emphasizes its commitment to innovation in the space power market through collaboration with TTM, enhancing high-performance, radiation-hardened power solutions for aerospace customers [4] Applications - The MSK5065RH module is ideal for power distribution networks, FPGA/processor core supplies, and high-reliability systems requiring fault-tolerant power management [4] Availability - The MSK5065RH module is available in flight-proven Class K and Class H screening levels, with engineering models for evaluation and prototyping [5]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: TTM Technologies (TTMI) - TTM Technologies currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting a high potential for outperformance in the market [3] Performance Metrics - TTM Technologies shares have increased by 6.5% over the past week, while the Zacks Electronics - Miscellaneous Components industry remained flat [5] - Over the past month, TTMI's stock price has risen by 23.98%, significantly outperforming the industry's 0.47% [5] - In the last quarter, TTMI shares surged by 59.02%, and over the past year, they have gained 91.98%, compared to the S&P 500's increases of 5.76% and 10.66%, respectively [6] Trading Volume - The average 20-day trading volume for TTMI is 1,194,242 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, three earnings estimates for TTMI have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $2.03 to $2.19 [9] - For the next fiscal year, three estimates have also moved upwards, indicating positive sentiment regarding future earnings [9] Conclusion - Given the strong performance metrics and positive earnings outlook, TTM Technologies is positioned as a promising investment opportunity with a Momentum Score of A [11]

Company Overview - TTM Technologies (TTMI) shares increased by 7.5% to close at $35.70, with a notable trading volume indicating strong investor interest [1] - The stock has gained 23.7% over the past four weeks, reflecting positive market sentiment [1] Financial Performance - TTM Technologies is projected to report quarterly earnings of $0.52 per share, representing a year-over-year increase of 33.3% [2] - Expected revenues for the upcoming quarter are $667.99 million, which is a 10.4% increase compared to the same quarter last year [2] Market Trends - The company is experiencing strong demand in aerospace and defense, data center computing driven by generative AI, and networking markets [1] - The consensus EPS estimate for TTM has remained unchanged over the last 30 days, indicating stability in earnings expectations [3] Industry Context - TTM Technologies is part of the Zacks Electronics - Miscellaneous Components industry, which includes other companies like TE Connectivity (TEL) [3] - TE Connectivity's consensus EPS estimate has changed by -0.1% to $2.07, reflecting an 8.4% increase from the previous year [4]

Core Insights - TTM Technologies (TTMI) shares have increased by 28% over the past month, outperforming the broader Zacks Computer and Technology sector's return of 8.3% and the Zacks Electronics - Miscellaneous Components industry's growth of 10% [1] Financial Performance - In the first quarter of 2025, TTM Technologies reported revenues of $648.7 million, a 14% year-over-year increase, surpassing the Zacks Consensus Estimate by 4.3% and exceeding the company's guidance of $600-$640 million [2] - The company's earnings per share reached 50 cents, beating the Zacks Consensus Estimate by 28.21% and exceeding the company's projection of $0.37-$0.43, marking a record for the first quarter [2] Market Positioning - TTM Technologies is well-positioned in high-growth markets such as aerospace and defense, data center computing, and networking, indicating continued positive momentum [3] - The aerospace and defense sector contributed 47% to total revenues in Q1 2025, with a 15% year-over-year revenue growth, driven by increased defense budgets and significant bookings related to key programs [5] - The data center computing segment accounted for 21% of revenues in Q1 2025, growing 15% year-over-year, benefiting from strong demand from hyperscale data center clients [6] - The networking business experienced a 53% year-over-year increase, driven by renewed demand for switch-related products linked to AI infrastructure upgrades [7] Client Base and Revenue Growth - TTM Technologies supports approximately 1,400 clients globally, including major companies in defense, computing, and healthcare [8] - Revenues from the top five customers increased to 45% of total revenues in Q1 2025, up from 42% a year earlier, reflecting stronger engagement with strategic partners [9] - The client portfolio includes notable companies such as Apple, Cisco, Tesla, Raytheon, and Bosch, highlighting TTM's reputation as a critical supplier [10] Future Outlook - For Q2 2025, TTM Technologies expects total revenues of $650-$690 million, with the Zacks Consensus Estimate at $667.99 million, indicating a 10.39% year-over-year growth [12] - Projected non-GAAP earnings for Q2 2025 are between 49-55 cents per share, with the consensus estimate at 52 cents, suggesting a year-over-year rise of 33.3% [12] Conclusion - TTM Technologies is experiencing strong momentum in defense, AI infrastructure, and networking, supported by a growing backlog and resilient customer demand, setting the stage for continued revenue acceleration and strategic expansion in 2025 and beyond [13]

Core Viewpoint - TTM Technologies (TTMI) is identified as a strong value stock, currently undervalued compared to its industry peers, with favorable financial metrics indicating potential for growth [4][8]. Financial Metrics - TTMI holds a Zacks Rank of 1 (Strong Buy) and a Value grade of A, with a current P/E ratio of 13.38, significantly lower than the industry average of 18.15 [4]. - The company's P/B ratio is 1.92, which is attractive compared to the industry's average P/B of 2.53 [5]. - TTMI's P/S ratio stands at 1.2, while the industry average is 1.51, indicating a favorable valuation based on sales [6]. - The P/CF ratio for TTMI is 13.75, compared to the industry's average of 14.67, suggesting a solid cash flow outlook [7]. Investment Outlook - The combination of TTMI's strong earnings outlook and its undervalued status based on various financial metrics makes it an appealing investment opportunity for value investors [8].

Technical Analysis - TTM Technologies, Inc. (TTMI) has reached a significant support level, indicating a potential investment opportunity from a technical perspective [1] - A "golden cross" has occurred, with TTMI's 50-day simple moving average breaking above its 200-day moving average, suggesting a potential bullish breakout [1] - The golden cross is characterized by a short-term moving average crossing above a long-term moving average, typically indicating stronger breakouts [1] Market Performance - TTMI has experienced a rally of 44.9% over the past four weeks, positioning the company favorably for a breakout [3] - The company currently holds a 1 (Strong Buy) rating on the Zacks Rank, further supporting the bullish outlook [3] Earnings Outlook - There have been no cuts to earnings estimates for the current quarter, with three revisions higher in the past 60 days, indicating a positive earnings outlook [3] - The Zacks Consensus Estimate for TTMI has also increased, reinforcing the positive sentiment around the company's performance [3][5]

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with TTM Technologies (TTMI) currently highlighted as a strong candidate due to its favorable growth metrics and Zacks Rank [2][10]. Group 1: Earnings Growth - TTM Technologies has a historical EPS growth rate of 21.3%, with projected EPS growth of 27.1% for the current year, significantly outperforming the industry average of 14.3% [5]. Group 2: Asset Utilization - The company has an asset utilization ratio (sales-to-total-assets ratio) of 0.74, indicating it generates $0.74 in sales for every dollar in assets, which is higher than the industry average of 0.73 [6]. Group 3: Sales Growth - TTM's sales are expected to grow by 8.5% this year, contrasting with the industry average of 0%, showcasing its strong sales growth potential [7]. Group 4: Earnings Estimate Revisions - There has been an upward revision in current-year earnings estimates for TTM, with the Zacks Consensus Estimate increasing by 8.3% over the past month, indicating positive momentum [9]. Group 5: Overall Assessment - TTM has achieved a Growth Score of B and a Zacks Rank of 1 (Strong Buy), suggesting it is a potential outperformer and a solid choice for growth investors [10][11].

Core Viewpoint - TTM Technologies, Inc. has authorized a new share repurchase program with a total market value of up to $100 million, effective through May 7, 2027, following the expiration of its previous program on May 3, 2025 [1][2]. Group 1: Share Repurchase Program - The new share repurchase program allows the company to buy back its outstanding common stock, providing flexibility to enhance shareholder value [1][2]. - The program will be executed based on management's discretion, considering factors such as liquidity, cash flows, and market conditions [2]. - The repurchase may occur through various methods, including open market purchases and privately negotiated transactions, and does not obligate the company to acquire a specific amount of stock [2]. Group 2: Financial Position - The company has a solid cash flow generation and a strong balance sheet, making share repurchases a prudent use of capital [2]. - Strategic acquisitions remain a primary goal for the use of free cash flow, but the new authorization adds flexibility for shareholder value enhancement [2]. Group 3: Company Overview - TTM Technologies, Inc. is a leading global manufacturer of technology solutions, including RF components and advanced printed circuit boards [3]. - The company focuses on reducing the time required for customers to develop new products and bring them to market through its design, engineering, and manufacturing services [3].