The name TTM Technologies comes from the manufacturer's focus on reducing time-to-market for mission-critical solutions for partners like Arista Networks and RTX — formerly known as Raytheon — along with Jabil. As a leading maker of printed circuit boards, or PCBs, and other components, TTM Technologies plays an integral role in building artificial intelligence infrastructure for a wide range of industries.
Over the last three quarters, TTM Technologies has generated average earnings growth of 57.9%. And that's just one reason Wall Street has locked in on the stock as it pops onto the Investor's Business Daily Breakout Stocks Index.
Based in Santa Ana, Calif., TTM Technologies operates across the aerospace/defense, automotive, computing, 5G, industrial instrumentation, medical and the networking/communications industries.
Through its PCBs as well as its radio frequency components and microwave/microelectronic assemblies, the company says it provides one-stop design, engineering and manufacturing services to help customers speed to the development of new products and bring them to market.
Growth Spurs Demand For TTM Technologies
In the second quarter, TTM Technologies posted 21% sales growth to $730.6 million. Earnings rose 49% to 58 cents per share. For the full year, analysts forecast 37% earnings growth to $2.31 per share. They also expect a 13% rise to $2.60 a share in 2026.
TTM Technologies did not join industry peers Fabrinet and Flex or partner Arista Networks on the latest list of new buys by the best mutual funds. But it has flashed signs of institutional demand, including a 1.2 up/down volume ratio and five quarters of rising fund ownership. Additionally, 37 funds with A- or higher rating from IBD owns shares of the stock.
The company sports a strong 98 Composite Rating out a best-possible 99. Fellow leaders in the electronics-contract manufacturing group include Celestica, Fabrinet, Flex and Jabil.
The groups ranks a strong No. 11 out of the 197 industries IBD tracks. Top stocks often hail from the highest-ranked industry groups.
See All Names On The IBD Breakout Stocks Index
Impressive Relative Strength For TTM Technologies
A stellar relative strength line and RS rating provide more reasons for investors to keep an eye on TTM Technologies.
With its relative strength line hitting a 52-week high, the stock earns a coveted blue dot in MarketSurge. It shows that TTM Technologies' price performance is outpacing that of the benchmark S&P 500.
Further confirming the company's impressive relative strength, the PCB manufacturer also sports a strong 96 RS Rating from IBD.
As Arista Networks and RTX trade near all-time highs and Jabil works on a new base, TTM Technologies continues to close in a breakout of its own.
Building on an impressive climb since breakout out in early June, the stock has crafted a second-stage consolidation pattern with a 51.15 buy point.
In a sign of rising technical strength, its 21-day exponential moving average has started to climb back above the longer-term — and sharply rising — 50-day line.
On Wednesday, TTM Technologies slipped but came off the day's lows, closing 4% shy of a breakout with its base intact.
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Follow Matthew Galgani on X (formerly Twitter) at @IBD_MGalgani.
