GET DAILY SIGNALSTTM Technologies (TTMI) Stock Declines -38% Over 30 Days After Earnings and Deal Activity
Key Takeaways
- TTMI declined roughly 38% over the last 30 days, falling from about $121 in early October to the mid-$70s in early November.
- The steepest declines followed TTM's third-quarter 2026 report, even though results set quarterly records for revenue and non-GAAP EPS.
- Investor concern centered on a slip in one of the company's N+M data-center programs and a shift toward debt-funded acquisitions that lifted net leverage.
- Over the last quarter the stock is down more than 40% from early-August levels near $130 to $137.
- Analysts have trimmed price targets, and the company has completed one buyback program while authorizing a new $100 million repurchase.
TTM Technologies' Business and Market Position
TTMI is a leading global manufacturer of technologically advanced printed circuit boards (PCBs) and substrates, radio frequency (RF) components, RF microwave and microelectronic assemblies, and mission systems. The company serves four principal end markets: Data Center & Networking, Aerospace & Defense, Medical/Industrial/Instrumentation, and Automotive. Its differentiated N+M PCB technology is central to AI data-center infrastructure, while its aerospace and defense business benefits from long-cycle programs and a record backlog of roughly $2 billion. Investors follow TTMI for its exposure to AI infrastructure demand, defense modernization, and its expanding "up-the-chain" product strategy. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
TTMI Stock Price Performance Over the Last 30 Days and Quarter
Over the last 30 days, TTMI has fallen from a closing price of about $121.01 on October 9, 2026 to roughly $75 in early November, a decline of approximately 38%. The move was not linear: the shares held above $100 through most of the third week of October before a sharp single-session drop around the October 22 earnings release, followed by continued volatility and a further leg lower in early November. The picture over the last quarter is similar in direction but even steeper. After trading in the $130 to $137 range in early August — and touching an intraday high near $150 — the stock has shed more than 40% of its value. This reflects a broader repricing of growth expectations and balance-sheet risk rather than a deterioration in the company's underlying revenue trajectory. From what I see, pulling up the price charts on Tickeron helps put these moves in clearer context.
Factors Behind the Recent 30-Day Decline
The dominant catalyst was TTM's third-quarter 2026 earnings report on October 22. The company delivered record results: net sales of $1.20 billion, up 60% year over year, and non-GAAP diluted EPS of $1.46, both above guidance and consensus. Yet the stock sold off sharply because the market focused on two offsetting factors. First, one of three N+M data-center programs slipped on customer scheduling, leaving Data Center & Networking revenue below management's plan for the quarter. Second, the company's aggressive, debt-funded acquisition strategy — including the announced $650 million all-cash purchase of the Ophir Optics business from MKS Instruments and several other deals — pushed pro forma net leverage to roughly 2.8x, up from 0.9x in the prior quarter. Analyst reaction added to the pressure. Truist lowered its price target to $170 from $231 while keeping a Buy rating, citing the "painful" data-center production pushout. Management's announcement that it had completed its 2025 repurchase program (about 1.16 million shares at an average of roughly $86.31) and authorized a new $100 million buyback provided only limited support amid the broader repricing.
Drivers of Performance Over the Past Quarter
The three-month trend reflects a shift in how investors weigh TTMI's AI growth story against execution and leverage risks. In August the stock rallied on enthusiasm for AI data-center demand and strong aerospace and defense bookings, reaching an intraday peak near $150. That momentum faded through a mid-quarter pullback and a partial recovery into early October, when the shares briefly traded back above $137. The late-October earnings report changed the narrative. Record results and a preliminary 2027 outlook implying roughly 50% revenue growth were overshadowed by the N+M program slip and a rapid sequence of acquisitions, which together raised questions about near-term execution, rising interest expense, and the durability of margins. The resulting de-rating, compounded by continued volatility into November, accounts for most of the quarter's decline.
What to Watch Next for TTMI
Looking ahead, the key items for investors to monitor include TTM's fourth-quarter 2026 results, with management guiding to net sales of $1.42 billion to $1.44 billion and non-GAAP EPS of $1.77 to $1.83, alongside the timing of the N+M product ramp, which is expected to grow from about 30% to roughly 50% of Data Center & Networking revenue in 2027. The closing of the Ophir Optics acquisition, targeted for the second quarter of 2027, and progress on de-leveraging toward management's 1.5x to 2.0x target range will also be closely watched, as will rising interest expense. Broader AI capital-spending trends, defense budget dynamics, and the company's preliminary 2027 outlook of $6.5 billion to $6.75 billion in sales remain important inputs for how the stock trades from here. I’m watching this closely as the numbers unfold.
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TTMI's RSI Indicator ascends from oversold territory
The RSI Indicator for TTMI moved out of oversold territory on November 06, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 34 similar instances when the indicator left oversold territory. In 27 of the 34 cases the stock moved higher. This puts the odds of a move higher at 79%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +6.19% 3-day Advance, the price is estimated to grow further. Considering data from situations where TTMI advanced for three days, in 260 of 328 cases, the price rose further within the following month. The odds of a continued upward trend are 79%.
TTMI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 08, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on TTMI as a result. In 49 of 73 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 67%.
The Moving Average Convergence Divergence Histogram (MACD) for TTMI turned negative on October 09, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In 32 of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at 65%.
TTMI moved below its 50-day moving average on October 08, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for TTMI crossed bearishly below the 50-day moving average on October 14, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 14 of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 78%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TTMI declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 69%.
The Aroon Indicator for TTMI entered a downward trend on November 06, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 60 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.622) is normal, around the industry mean (3.856). P/E Ratio (29.044) is within average values for comparable stocks, (6.228). Projected Growth (PEG Ratio) (0.330) is also within normal values, averaging (0.930). Dividend Yield (0.000) settles around the average of (0.021) among similar stocks. P/S Ratio (3.604) is also within normal values, averaging (4.422).
The Tickeron SMR rating for this company is 60 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 75 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. TTMI’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock worse than average.
The Tickeron PE Growth Rating for this company is 88 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 89 (best 1 - 100 worst), indicating slightly worse than average price growth. TTMI’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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General Information
a manufacturer of printed circuit boards
Industry ElectronicComponents
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