Research Idea
Research content for general circulation. Not individualized advice. Methodology & Disclosures
TTM Technologies is riding AI/datacenter and defense demand: recent S&P MidCap 400 inclusion, a multiâyear ~$200M Raytheon supply deal, 22% sales growth, and sizable backlogs, with the stock up ~35% over 21 days and ~22% above its 21âday SMAâstrong but extended momentum that can still fuel nearâterm gains.
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AI Analyst Overview
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Valuation Metrics
Price Behavior
Key Price Behavior Insights: ⢠Lower highs ⢠Support holding ⢠Failed rebound Support Level: $130-$133 Resistance Level: $145-$150 TTMI remains in a short-term downtrend, with $130-$133 as key support and $145-$150 as resistance, so any bounce looks fragile unless buyers reclaim higher levels.
Sentiment & News
Key News Insights: ⢠AI demand ⢠Defense backlog ⢠Valuation risk TTM Technologies is seeing strong momentum from AI infrastructure and defense demand, with record Q1 results, a robust backlog, and raised guidance offset by valuation concerns after a big run-up.
AI Summary
TTMI now looks more like an AI/defense growth beneficiary than a cyclical PCB name, but with the stock already rerated, the key investment question is whether management can convert its $1.6B backlog and new capacity into margin-accretive cash flow without dilution, integration missteps, or valuation compression.
Description
TTM Technologies, Inc. manufactures and sells a broad range of printed circuit boards and RF components for customers worldwide, operating through PCB and RF&S Components segments. Its product lineup spans conventional and advanced PCB technologies, RF and microwave parts, IC substrates and multi-chip modules, plus assemblies and system integration, supported by design, testing and rapid-turn services. The company serves OEMs and EMS providers across aerospace and defense, data centers, automotive, medical and industrial markets and is headquartered in Santa Ana, California, since its incorporation in 1978.
Idea History
| Date | Close | Ticker | Company | Summary | Status | P/L |
|---|---|---|---|---|---|---|
| Apr 13 | Apr 20 | TTMI | TTM Technologies, Inc. | TTM Technologies is riding AI/datacenter and defense demand: recent S&P MidCap 400 inclusion, a multiâyear ~$200M Raytheon supply deal, 22% sales growth, and sizable backlogs, with the stock up ~35% over 21 days and ~22% above its 21âday SMAâstrong but extended momentum that can still fuel nearâterm gains. | Closed | +1.9% |
| Feb 24 | Mar 3 | TTMI | TTM Technologies, Inc. | Backlog strength ($1.61B, bookâtoâbill 1.46), heavy exposure to AI/data center and aerospace & defense, a potential ~$200M Raytheon agreement, and S&P MidCap 400 inclusion have driven a breakout (~12.5% in 21 days, ~10% above 21âday SMA); this combination of structural demand plus index/contract catalysts supports TTMI as a short-term AI/defense momentum name despite rich valuation and capexâdriven FCF pressure. | Closed | -2.5% |
| Jan 26 | Feb 2 | TTMI | TTM Technologies, Inc. | TTM Technologies benefits from AI and defense sales growth, solid backlog, rising technical momentum, and positive institutional interest, indicating near-term price appreciation potential. | Closed | +8.6% |