Ultime notizie per TTM Technologies (NASDAQ:TTMI) Azioni

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

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.

News

Insider Trades

Trading Ideas

TTMI

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.
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<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.

Price Target

Analyst Ratings

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;

Guidance

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

Earnings

Earnings Beats

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

WIIM

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

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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>.
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QUALCOMM To Rally Around 22%? Here Are 10 Top Analyst Forecasts For Thursday

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

Needham Reiterates Buy on TTM Technologies, Maintains $19 Price Target

Stifel analyst Matthew Sheerin upgrades TTM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>) from Hold to Buy and raises the price target from $15 to $19.

Upgrades

Stifel Upgrades TTM Technologies to Buy, Raises Price Target to $19

Business Outlook 
For the second quarter of 2024, TTM estimates that revenues will be in the range of $560 million to $600 million, and non-GAAP net income will be in the range of $0.32 to $0.38 per diluted share.&nbsp;&nbsp;

TTM Tech Q2 Outlook: Adj. EPS $0.32 - $0.38 Vs. $0.35 Estimate, Revenue $560M - $600M vs. $551.76M Estimate

TTM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>) reported quarterly earnings of $0.31 per share which beat the analyst consensus estimate of $0.27 by 14.81 percent. This is a 72.22 percent increase over earnings of $0.18 per share from the same period last year. The company reported quarterly sales of $570.113 million which beat the analyst consensus estimate of $551.761 million by 3.33 percent. This is a 4.72 percent increase over sales of $544.437 million the same period last year.

TTM Technologies Q1 2024 Adj EPS $0.31 Beats $0.27 Estimate, Sales $570.113M Beat $551.761M Estimate

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Shares of several companies in the broader tech sector are trading lower as Treasury yields rise following a greater-than-expected increase in U.S. January inflation data.

Business&nbsp;Outlook
For the&nbsp;first quarter&nbsp;of 2024, TTM estimates that revenues will be in the range of&nbsp;$530 million&nbsp;to&nbsp;$570 million, and non-GAAP net income will be in the range of&nbsp;$0.24&nbsp;to&nbsp;$0.30&nbsp;per diluted share.&nbsp;&nbsp;

TTM Technologies Expects Q1 Revenue of $530M-$570M Vs $555.59M Est, Adj EPS of $0.24-$0.30 Vs $0.27 Est

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 beat the analyst consensus estimate of $0.36 by 13.89 percent. This is unchanged from the same period last year. The company reported quarterly sales of $569.04 million which missed the analyst consensus estimate of $572.03 million by 0.52 percent. This is a 7.80 percent decrease over sales of $617.16 million the same period last year.

TTM Technologies Q4 Adj EPS $0.41 Beats $0.36 Estimate, Sales $569.04M Miss $572.03M Estimate

TTM Technologies Q2 2024 Earnings Preview

TTM Technologies Non-GAAP EPS of $0.39 beats by $0.05, revenue of $605.1M beats by $25.32M

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TTM Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/ttmi-stock-quote/">TTMI</a>) just reported results for the second quarter of 2024.<ul><li>TTM Technologies reported earnings per share of 39 cents. This was above the analyst estimate for EPS of 34 cents.</li><li>The company reported revenue of $605.14 million.</li><li>This was 4.37% better than the analyst estimate for revenue of $579.78 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/07/ttmi-stock-earnings-ttm-technologies-for-q2-of-2024/">TTMI Stock Earnings: TTM Technologies Beats EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

TTMI Stock Earnings: TTM Technologies Beats EPS, Beats Revenue for Q2 2024

TTM Technologies, Inc. (TTMI) Q2 2024 Earnings Call Transcript

There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on TTM Technologies (TTMI – Research Report), Zeta Glob...

Analysts Are Bullish on Top Technology Stocks: TTM Technologies (TTMI), Zeta Global Holdings Corp (ZETA)

There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on TTM Technologies (TTMI – Research Report), Cognex (C...

Analysts Offer Insights on Technology Companies: TTM Technologies (TTMI), Cognex (CGNX) and Sunnova Energy International (NOVA)

In a report released today, Matthew Sheerin from Stifel Nicolaus maintained a Buy rating on TTM Technologies (TTMI – Research Report), with a price...

Stifel Nicolaus Sticks to Their Buy Rating for TTM Technologies (TTMI)

The tech sector is experiencing strong growth due to positive business trends, technological advancements, and high demand for efficient tech services and electronics in the digital economy. Therefore, investors might consider buying strong stocks, Leidos Holdings (LDOS), Flex (FLEX), and TTM Technologies (TTMI), as they appear well-positioned to sustain their momentum. Read more... Technology plays a vital role in enhancing productivity, innovation, and efficiency in the economy, driving economic growth. The integration of advanced tech such as AI, cloud services, and IoT across industries like auto, medical, and finance, along with increased access to consumer tech, creates expanding opportunities and boosts market performance.
Also, investments in the tech sector are promising due to its role in digital transformation and addressing modern challenges, making it a potentially lucrative sector now. Investors might consider buying strong tech stocks like Leidos Holdings, Inc. (<a href="https://stocknews.com/stock/LDOS/">LDOS</a>), Flex Ltd. (<a href="https://stocknews.com/stock/FLEX/">FLEX</a>), and TTM Technologies, Inc. (<a href="https://stocknews.com/stock/TTMI/">TTMI</a>), which have recently shown strong momentum and are likely to keep rising.
Globally, enterprises are embracing digital transformation with a focus on AI and sustainable technology. In particular, generative AI, robotics, and immersive reality are attracting substantial interest and investment, leading to a positive long-term outlook. Gartner predicts that global IT spending will reach $5.26 trillion in 2024, an increase of <a href="https://www.gartner.com/en/newsroom/press-releases/2024-04-16-gartner-forecast-worldwide-it-spending-to-grow-8-percent-in-2024">7.5% from 2023</a>, with IT services growing by 7.1% to $1.61 trillion.
Despite past challenges such as supply chain issues and inflation, the electronics market is poised to rebound in the latter half of 2024. This recovery is driven by strong demand for smart home tech, wearables, and productivity solutions, reflecting today's tech-focused lifestyle and evolving needs. The electronics market is expected to reach $94.93 billion in 2024 and grow to $116.60 billion by 2029, <a href="https://www.statista.com/outlook/emo/electronics/united-states#:~:text=Revenue%20in%20the%20Electronic%20Market,US%24116.60bn%20by%202029.">with a 4.20% CAGR</a>.
Considering these conducive trends, let's assess the fundamentals of the three above-mentioned technology stocks.
Leidos Holdings, Inc. (<a href="https://stocknews.com/stock/LDOS/">LDOS</a>)
LDOS provides services and solutions in the defense, intelligence, civil, and health markets in the U.S. and internationally. The company operates through Defense Solutions, Civil, and Health segments.
On July 29, 2024, LDOS announced it received an $823 million task order from DISA to operate and sustain the modernized DoDNet. This five-year contract will expand support to over 160,000 users and enhance network services with improved IT solutions.
On July 11, 2024, LDOS was awarded a $476 million contract by NASA to provide cargo mission engineering and integration services for the ISS Program and Artemis campaign. The contract, which spans two years, involves supporting NASA's space missions with analytical, engineering, and hardware development services.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a>, LDOS' 1.23x is 58.3% higher than the 0.78x industry average. Likewise, the stock's 10.09% trailing-12-month Return on Total Capital is 41.3% higher than the 7.14% industry average. LDOS' 9.97% trailing-12-month EBIT margin is marginally higher than the 9.96% industry average.
LDOS' revenues for the fiscal second quarter that ended June 28, 2024, increased 7.7% from the year-ago value to $4.13 billion. Similarly, its non-GAAP operating income rose 35.1% from the year-ago value to $524 million.
For the same quarter, its non-GAAP net income attributable to LDOS common stockholders stood at $358 million, up 43.8% over the prior-year quarter. Also, its non-GAAP EPS attributable to LDOS common stockholders grew 46.1% year-over-year to $2.63.
For the quarter ending September 30, 2024, LDOS' revenue is expected to increase 3.6% year-over-year to $4.06 billion. Its EPS for the quarter ending December 31, 2024, is expected to rise 5.8% year-over-year to $2.10. LDOS surpassed the Street EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 54.4% to close the last trading session at $144.40.
LDOS' stock is trading above its 100-day and 200-day moving averages of $140.09 and $124.68, respectively.
LDOS' positive outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has a B grade for Growth, Momentum, Stability, and Sentiment. Within the <a href="https://stocknews.com/category/technology-services/">Technology – Services</a> industry, it is ranked #2 out of 76 stocks. To access the additional POWR Ratings of LDOS for Value and Quality, <a href="https://stocknews.com/stock/LDOS/">click here</a>.
Flex Ltd. (<a href="https://stocknews.com/stock/FLEX/">FLEX</a>)
FLEX provides manufacturing solutions to various brands in Asia, the Americas, and Europe. It operates through two segments: Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS).
In terms of the trailing-12-month Return on Common Equity, FLEX's 12.50% is 175.9% higher than the 4.53% industry average. Likewise, its 5.41% trailing-12-month Return on Total Assets is 162.4% higher than the 2.06% industry average. Also, its 3.71% trailing-12-month net income margin is 15.5% higher than the 3.21% industry average.
During the first quarter that ended on June 28, 2024, FLEX reported net revenue of $6.31 billion. The company's non-GAAP operating income grew 4.4% year-over-year to $306 million. Moreover, its non-GAAP net income stood at $211 million, while its non-GAAP EPS rose 8.5% over the prior-year quarter to $0.51.
Street expects FLEX's EPS and revenue for the quarter ending March 31, 2025, to increase 21.6% and 6.3% year-over-year to $0.69 and $6.56 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past nine months, FLEX's stock has gained 71.9% to close the last trading session at $32.15.
FLEX's stock is trading above its 10-day and 50-day moving averages of $30.74 and $31.14, respectively.
It's no surprise that FLEX has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has an A grade for Sentiment and a B for Value and Momentum. Within the Technology – Services industry, it is ranked #18. Beyond what we have stated above, we also have given FLEX grades for Growth, Stability, and Quality. Get all the FLEX ratings <a href="https://stocknews.com/stock/FLEX/">here</a>.
TTM Technologies, Inc. (<a href="https://stocknews.com/stock/TTMI/">TTMI</a>)
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 May 20, 2024, TTMI announced the launch of its Xinger 50W high-performance directional and hybrid couplers for X-Band military and aerospace applications. The new components, designed for medium power use, are available for sampling and will be purchasable later this summer.
In terms of the trailing-12-month EBIT margin, TTMI's 5.83% is 14.3% higher than the 5.10% industry average. Its 12.30% trailing-12-month EBITDA margin is 20.9% higher than the 10.18% industry average. Similarly, the stock's 3.31% trailing-12-month Return on Total Capital is 17.5% higher than the 2.82% industry average.
TTMI's net sales for the fiscal second quarter that ended July 1, 2024, increased 10.7% year-over-year to $605.14 million. Its non-GAAP gross profit came in at $121.07 million, up 15.4% year-over-year. Additionally, the company's adjusted net income and adjusted EPS rose 21.4% and 21.9% over the prior-year quarter to $40.13 million and $0.39, respectively.
For the quarter ending September 30, 2024, TTMI's revenue is expected to grow 4.6% year-over-year to $598.98 million. Its EPS for the quarter ending March 31, 2025, is expected to increase 16.1% year-over-year to $0.36. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past nine months, TTMI's stock has gained 68.7% to close the last trading session at $19.38.
TTMI's stock is trading above its 100-day and 200-day moving averages of $17.54 and $16, respectively.
TTMI'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 Growth and a B for Momentum and Sentiment. It is ranked #10 out of 43 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>.
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&nbsp;

<hr />
LDOS shares were trading at $143.19 per share on Thursday afternoon, down $1.21 (-0.84%). Year-to-date, LDOS has gained 33.03%, versus a 14.51% 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/ldos-flex-ttmi-3-high-momentum-stocks-in-the-tech-sector/>3 High-Momentum Stocks in the Tech Sector</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-Momentum Stocks in the Tech Sector

TTM Technologies: Too Early To Say The Game Has Changed

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