TTM Technologies (NASDAQ:TTMI) Price Target Raised to $78.00 at Truist Financial

TTM Technologies (NASDAQ:TTMI) had its price target lifted by Truist Financial from $60.00 to $78.00 in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. Truist Financial currently has a buy rating on the technology company’s stock.

Several other research analysts have also commented on the company. Needham & Company LLC lifted their target price on TTM Technologies from $65.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Research downgraded TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Stifel Nicolaus raised their price target on TTM Technologies from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. B. Riley reissued a “buy” rating on shares of TTM Technologies in a report on Friday, October 10th. Finally, Weiss Ratings raised TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, TTM Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $65.00.

TTM Technologies Price Performance

Shares of TTMI opened at $61.98 on Thursday. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of 49.19 and a beta of 1.63. The stock has a 50 day moving average of $53.26 and a 200-day moving average of $41.47. The company has a current ratio of 2.03, a quick ratio of 1.72 and a debt-to-equity ratio of 0.56. TTM Technologies has a 52 week low of $15.77 and a 52 week high of $63.76.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, October 29th. The technology company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. The company had revenue of $752.74 million during the quarter, compared to analyst estimates of $711.91 million. TTM Technologies had a return on equity of 13.43% and a net margin of 4.74%.The business’s revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. As a group, analysts forecast that TTM Technologies will post 1.76 EPS for the current year.

Insider Activity

In other TTM Technologies news, Director Wajid Ali bought 5,000 shares of the business’s stock in a transaction on Monday, August 18th. The shares were purchased at an average price of $41.75 per share, with a total value of $208,750.00. Following the purchase, the director directly owned 19,024 shares of the company’s stock, valued at approximately $794,252. The trade was a 35.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Steven Spoto sold 3,484 shares of TTM Technologies stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $46.58, for a total value of $162,284.72. Following the sale, the insider directly owned 28,649 shares in the company, valued at $1,334,470.42. The trade was a 10.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 66,477 shares of company stock worth $2,867,405 over the last ninety days. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of TTM Technologies

Hedge funds have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC bought a new stake in TTM Technologies during the 3rd quarter valued at $39,000. Quarry LP raised its stake in TTM Technologies by 249.9% during the 1st quarter. Quarry LP now owns 2,110 shares of the technology company’s stock valued at $43,000 after acquiring an additional 1,507 shares in the last quarter. Concord Wealth Partners bought a new stake in shares of TTM Technologies in the 2nd quarter worth $47,000. EverSource Wealth Advisors LLC raised its stake in shares of TTM Technologies by 52.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,244 shares of the technology company’s stock worth $51,000 after buying an additional 430 shares in the last quarter. Finally, CWM LLC raised its stake in shares of TTM Technologies by 14.4% in the 1st quarter. CWM LLC now owns 4,501 shares of the technology company’s stock worth $92,000 after buying an additional 567 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.