How are energy investors positioned?
TTM Technologies , Inc. (NASDAQ:TTMI) stock has reached an all-time high, touching a price level of $36.53, with a market capitalization now reaching $3.71 billion. According to InvestingPro analysis, the stock’s technical indicators suggest overbought conditions. This milestone underscores the company’s significant growth trajectory, with revenue growing 11.65% over the past year. Investors have shown increasing confidence in TTM Technologies, as reflected by the impressive 97.73% surge in the stock’s value over the past 12 months. The stock currently trades at a P/E ratio of 35.78, and appears overvalued relative to InvestingPro’s Fair Value estimates. The company’s strategic initiatives and robust performance in the technology sector have contributed to this remarkable ascent, marking a period of exceptional shareholder returns and setting new records for the stock’s valuation. With analyst price targets ranging from $33 to $41, investors seeking deeper insights can access 15 additional exclusive ProTips and comprehensive analysis through InvestingPro’s detailed research reports.
In other recent news, TTM Technologies reported a strong first quarter for 2025, with earnings per share (EPS) of $0.50, surpassing the forecasted $0.39. The company also reported revenue of $648.7 million, exceeding the anticipated $621.94 million. Needham has increased the price target for TTM Technologies to $35, maintaining a Buy rating due to impressive performance in the Aerospace & Defense and Data Center Computing sectors. Truist Securities also raised the price target for TTM Technologies to $41, citing the company’s growth prospects and exposure to artificial intelligence technologies. TTM Technologies has announced a new share repurchase program, authorizing up to $100 million in stock buybacks, utilizing its strong cash flow and balance sheet. Additionally, the company announced the retirement of its founder, Kent Alder, from the board, marking the end of a significant chapter in its history. These developments reflect TTM Technologies’ strategic initiatives and strong operational performance, which are expected to drive future growth.
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