How are energy investors positioned?
In a remarkable display of market confidence, shares of TTM Technologies , Inc. (NASDAQ:TTMI) have surged to an all-time high, reaching a price level of $32.89. According to InvestingPro data, the company maintains a "GOOD" overall financial health score, though technical indicators suggest the stock may be in overbought territory. This peak represents a significant milestone for the company, known for its expertise in printed circuit board (PCB) manufacturing. The ascent to this record price underscores a period of robust growth for TTM Technologies, with the stock delivering remarkable returns across multiple timeframes - including a 31.5% gain over the past six months and a 75% surge over the last year. While investors have shown increasing enthusiasm for TTMI’s prospects, reflecting a broader optimism in the technology sector, current valuations suggest the stock may be trading above its Fair Value. For deeper insights into TTMI’s valuation and 15+ additional exclusive ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, TTM Technologies reported strong financial results for the first quarter of 2025, with revenue reaching $648.7 million, exceeding the anticipated $621.94 million. The company’s earnings per share (EPS) also surpassed expectations, coming in at $0.50 compared to the forecasted $0.39. This performance was driven by significant growth in the Aerospace & Defense and Data Center Computing sectors. Additionally, Needham raised its price target for TTM Technologies to $35, maintaining a Buy rating, citing the company’s robust performance and positive outlook for the second quarter.
TTM Technologies also announced a $100 million stock buyback program, leveraging its strong cash flow to enhance shareholder value. The buyback plan is flexible, allowing for open market purchases and other methods in compliance with SEC regulations. In another development, Kent Alder, the founder of TTM Technologies, retired from the company’s board, marking the end of an era for the company. His leadership was instrumental in the company’s growth, and his legacy will continue to be honored through the Alder Award for outstanding performance.
The company is optimistic about its future, projecting second-quarter revenue growth of 11% year-over-year, exceeding consensus forecasts. TTM Technologies is also making progress on new facilities in Malaysia and New York, which are expected to contribute to its operational targets. Despite new tariffs, TTM Technologies anticipates minimal direct impact on revenue, demonstrating resilience in its business strategy.
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