Core Insights - Think Investments LP has initiated a new position in TTM Technologies, acquiring 793,100 shares valued at approximately $45.7 million, indicating strong institutional demand in the semiconductor sector [1][2][3] Company Overview - TTM Technologies, Inc. is a global provider of advanced printed circuit boards (PCBs) and RF components, employing over 16,400 individuals and generating revenue primarily through the manufacture and sale of these products [4][5] - The company reported a total revenue of $2.8 billion and a net income of $131.9 million, with a market capitalization of $7.1 billion [4] Financial Performance - TTM Technologies experienced a 22% year-over-year revenue growth, reaching $752.7 million, with a non-GAAP EPS of $0.67, driven by strong performance in data-center computing and networking markets [8] - Cash flow from operations was robust, accounting for 18.8% of sales, indicating effective conversion of demand into free cash flow [8] Market Position and Strategy - The company serves a diversified customer base, with significant exposure to mission-critical applications in sectors such as aerospace and defense (45%) and data-center computing (23%), positioning it well for structural growth [6][9] - Think Investments' allocation of 6% of its reportable assets to TTM Technologies reflects a high-conviction bet on the company's potential within the semiconductor cycle, particularly in areas benefiting from accelerating electronics demand [7][9] Investment Implications - The recent surge in TTM Technologies' share price, which has increased by 182% over the past year, significantly outpacing the S&P 500's 13% gain, suggests strong market confidence in the company's growth trajectory [3][9] - The key considerations for long-term investors include TTM's ability to sustain growth in core markets and effectively ramp up capacity to meet increasing demand [10]

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 ...

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, particularly in the financial sector, to achieve exceptional returns, although identifying such stocks can be challenging due to their inherent risks and volatility [1] Group 1: Growth Stock Identification - The Zacks Growth Style Score system aids in identifying promising growth stocks by analyzing real growth prospects beyond traditional metrics [2] - TTM Technologies (TTMI) is currently highlighted as a recommended growth stock, possessing a favorable Growth Score and a top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is a critical factor for growth investors, with double-digit growth being particularly attractive as it indicates strong future prospects [4] - TTM has a historical EPS growth rate of 14.5%, but projected EPS growth for this year is expected to be 42.5%, significantly surpassing the industry average of 25% [5] Group 3: Asset Utilization - The asset utilization ratio, or sales-to-total-assets (S/TA) ratio, is an important metric for assessing a growth stock's efficiency in generating sales [6] - TTM's S/TA 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 0.72 [6] Group 4: Sales Growth - Sales growth is another vital aspect, with TTM expected to achieve an 18.1% sales growth this year, contrasting sharply with the industry average of 0% [7] Group 5: Earnings Estimate Revisions - Trends in earnings estimate revisions are crucial, as positive revisions correlate strongly with stock price movements [8] - TTM's current-year earnings estimates have been revised upward, with the Zacks Consensus Estimate increasing by 5.6% over the past month [8] Group 6: Overall Positioning - TTM has earned a Growth Score of A and holds a Zacks Rank 2 due to positive earnings estimate revisions, positioning it well for potential outperformance in the growth stock category [10]

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]