Core Insights - TTM Technologies, Inc. and Raytheon have signed a multi-year agreement valued at $200 million to supply radio frequency assemblies, electronic hardware, and printed circuit boards for Raytheon's Lower Tier Air and Missile Defense Sensor (LTAMDS) [1][2] Group 1: Agreement Details - The agreement enhances TTM's support for LTAMDS development and production-readiness, ensuring alignment with program schedules and customer milestones [2] - The multi-year contract allows Raytheon to meet an accelerated delivery schedule while reducing costs [2] Group 2: TTM's Role and Capabilities - TTM designs, manufactures, and tests critical components such as the Beam Forming Network, printed wiring boards, and specialized assemblies for LTAMDS and GhostEye radars [3] - Multi-year commitments enable TTM to invest in capacity and improve lead-time stability, ultimately increasing value for customers and taxpayers [3] Group 3: Strategic Importance - The agreement underscores the importance of U.S.-based electronics manufacturing for integrated air and missile defense, aligning with the Department of War's focus on strengthening supply chains and accelerating delivery of essential capabilities [4]

Core Insights - TTM Technologies, Inc. and Raytheon have signed a multi-year agreement valued at $200 million to provide radio frequency assemblies, electronic hardware, and printed circuit boards for Raytheon's Lower Tier Air and Missile Defense Sensor (LTAMDS) [1][2] Group 1: Agreement Details - The agreement enhances TTM's support for LTAMDS development and production-readiness, ensuring alignment with program schedules and customer milestones [2] - The multi-year contract allows Raytheon to meet an accelerated delivery schedule while reducing costs [2] Group 2: TTM's Role and Capabilities - TTM designs, manufactures, and tests critical components such as the Beam Forming Network (BFN) and specialized assemblies for LTAMDS and GhostEye radars [3] - Multi-year commitments enable TTM to invest in capacity and improve lead-time stability, ultimately increasing value for customers and taxpayers [3] Group 3: Strategic Importance - The agreement reinforces the long-standing partnership between TTM and Raytheon, highlighting the importance of U.S.-based electronics manufacturing for integrated air and missile defense [4] - This partnership aligns with the Department of War's focus on strengthening supply chains and accelerating the delivery of essential capabilities [4]

Index Changes - S&P Dow Jones Indices will implement changes to the S&P MidCap 400 and S&P SmallCap 600 indices effective January 30 and February 2, 2026 [1][3] - TTM Technologies (TTMI) will be added to the S&P MidCap 400, replacing Civitas Resources (CIVI), which is being acquired by SM Energy [1][3] - Amneal Pharmaceuticals (AMRX) will be added to the S&P SmallCap 600, replacing TTM Technologies [1][3] - Dutch Bros (BROS), Advanced Energy Industries (AEIS), and American Healthcare REIT (AHR) will be added to the S&P MidCap 400 on February 2, 2026, with Comerica (CMA), Cadence Bank (CADE), and PotlatchDeltic (PCH) being removed [1][3] - Apellis Pharmaceuticals (APLS) and LegalZoom.com (LZ) will be added to the S&P SmallCap 600, replacing Advanced Energy Industries and Elme Communities (ELME), respectively [1][3] Acquisition Details - SM Energy is acquiring Civitas Resources, and the deal is expected to close soon, with SM Energy remaining in the S&P SmallCap 600 post-merger [3] - Rayonier is acquiring PotlatchDeltic, and will remain in the S&P MidCap 400 after the merger [3] - Fifth Third Bancorp is acquiring Comerica, which will also remain in the S&P MidCap 400 post-acquisition [3] - Huntington Bancshares is acquiring Cadence Bank, with Cadence being removed from the S&P MidCap 400 [3] - Elme Communities is undergoing liquidation activities, making it no longer suitable for the S&P SmallCap 600 [3]

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, but 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 signals strong future prospects [4] - TTM's historical EPS growth rate stands at 14.5%, with projected EPS growth of 26.8% this year, surpassing the industry average of 23.9% [5] Group 3: Asset Utilization and Sales Growth - TTM's asset utilization ratio (sales-to-total-assets ratio) is 0.78, indicating higher efficiency in generating sales compared to the industry average of 0.72 [6] - The company's sales are expected to grow by 11.5% this year, significantly outpacing the industry average of 4.9% [7] Group 4: Earnings Estimate Revisions - Positive trends in earnings estimate revisions are crucial, with TTM experiencing an 8.6% increase in current-year earnings estimates over the past month [8] Group 5: Overall Positioning - TTM has achieved a Growth Score of B and a Zacks Rank 1 due to favorable earnings estimate revisions, positioning it well for potential outperformance in the growth stock category [10]

Core Viewpoint - TTM Technologies, Inc. is set to discuss its fourth quarter and fiscal year 2025 performance in a conference call scheduled for February 4, 2026, highlighting its ongoing commitment to transparency and investor engagement [1][3]. Group 1: Conference Call Details - The conference call will take place on February 4, 2026, at 4:30 p.m. Eastern Time, hosted by President & CEO Edwin Roks and Executive Vice President & CFO Dan Boehle [1]. - Participants can register for the call to receive dial-in information and a unique PIN, with registration available until the start of the call [2]. - The call will also be available via a live webcast on the company's website, which will remain accessible for one week after the event [2]. Group 2: Financial Results Announcement - TTM Technologies will release its fourth quarter and fiscal year 2025 financial results after the market closes on February 4, 2026, indicating a significant upcoming event for stakeholders [3]. Group 3: Company Overview - TTM Technologies, Inc. is a leading global manufacturer of technology products, including mission systems, RF components, RF microwave/microelectronic assemblies, and advanced printed circuit boards [4]. - The company emphasizes its time-to-market capabilities, which enable customers to reduce the time required to develop and launch new products [4].

Core Viewpoint - TTM Technologies Inc. (NASDAQ:TTMI) has seen a significant stock price increase of 36.7% week-on-week, reaching an all-time high, following a price target upgrade from Truist Financial and positive financial targets announced by the company [1][2]. Group 1: Stock Performance and Upgrades - TTM Technologies' stock was upgraded by Truist Financial from $91 to $113, maintaining a "buy" recommendation [1]. - Needham also raised its price target for TTM Technologies by 33% from $79 to $105, while also keeping a "buy" recommendation [4]. Group 2: Financial Targets and Growth Expectations - The company aims to double its earnings per share and achieve annual sales growth of 15% to 20% over the next two years, following an 18% revenue growth in the last reported quarter of 2025 [2]. - For the fourth quarter of 2025, TTM Technologies targets net sales between $730 million and $770 million, with diluted earnings per share projected at $0.60 to $0.70 [5]. Group 3: Growth Drivers - The price target upgrade by Truist is based on optimism regarding TTM Technologies' growth in AI and expected margin expansion due to increased production in Penang, Malaysia [3]. - Truist also raised its 2027 EPS forecast for TTM Technologies to $4.27 from $3.80, indicating potential for further upside from AI and defense sectors [3].

Core Viewpoint - TTM Technologies, Inc. specializes in manufacturing printed circuit boards and RF components, which are essential for high-performance products in sectors such as defense, AI data centers, automobiles, and medical equipment [1] Company Overview - TTM Technologies focuses on producing objective, data-driven research primarily about small- to mid-cap companies, which are often overlooked by many investors [1] Industry Context - The company's products are critical in various high-growth industries, indicating a strong potential for future demand driven by advancements in technology and increased reliance on electronic components [1]

Core Insights - TTM Technologies, Inc. (TTMI) has shown strong performance at the beginning of the year and is expected to continue this trend into 2025 [1] Company Performance - The company is being analyzed for its detailed performance metrics to identify potential investment opportunities [1] Investment Strategy - The investment approach focuses on a long-term horizon, typically between 5 to 10 years, emphasizing a balanced portfolio of growth, value, and dividend-paying stocks, with a particular inclination towards value stocks [1]

Group 1 - TTM Technologies (TTMI) shares increased by 19.7% to close at $93.24, driven by notable trading volume and strong demand in aerospace, defense, and AI-driven data center computing and networking markets [1] - The company is expected to report quarterly earnings of $0.68 per share, reflecting a year-over-year increase of 13.3%, with revenues projected at $752.21 million, up 15.6% from the previous year [2] - The consensus EPS estimate for TTM has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] Group 2 - TTM Technologies is part of the Zacks Electronics - Miscellaneous Components industry, which includes Universal Display Corp. (OLED) [3] - Universal Display's consensus EPS estimate for its upcoming report is $1.28, representing a year-over-year change of 4.9%, with its Zacks Rank also at 3 (Hold) [4]

Group 1 - TTM Technologies, Inc. (NASDAQ:TTMI) achieved an all-time high stock price of $96.45 during intra-day trading, closing at $93.24, which represents a 19.71% increase [2][3] - Needham & Company raised its price target for TTM Technologies from $79 to $105, indicating a 12.6% upside from the latest closing price, while maintaining a "buy" recommendation [2][3] - The price target upgrade followed the participation of TTM Technologies' President and CEO Edwin Roks and CFO Dan Boehle at the Needham Growth Conference [3] Group 2 - TTM Technologies is involved in producing technology products such as mission systems, radio frequency components, RF microwave/microelectronic assemblies, and advanced printed circuit boards [4] - For the fourth quarter of 2025, TTM Technologies aims to achieve net sales between $730 million and $770 million, with diluted earnings per share projected between $0.60 and $0.70 [4]