Movement Alert｜TTM Technologies Rises 5.34% in Regular Trading, Electronic Manufacturing Services Sector Broadly Rallies

Market Focus

Jun 13

On June 13, TTM Technologies rose 5.34% in regular trading, trading at $196.7 per share, with turnover of $219 million. The advance came amid broad-based strength across the Electronic Manufacturing Services sector and continued positive sentiment following a recent analyst upgrade.

On June 11, NEEDHAM reiterated a Buy rating on TTM Technologies with a target price adjusted to $208, reflecting confidence in the company's growth trajectory. The company reported quarterly revenue of $846 million ending March 30, representing 30.42% year-over-year growth, with net income rising 55.35% year-over-year.

Within the Electronic Manufacturing Services sector, individual stocks were broadly higher. Fabrinet rose 5.17%, Celestica gained 3.17%, Jabil Circuit advanced 2.11%, TE Connectivity climbed 1.67%, and Flex added 0.19%. The sector-wide rally provided additional tailwind for TTM Technologies shares.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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