TTM Technologies (NASDAQ:TTMI) Price Target Raised to $91.00

TTM Technologies (NASDAQ:TTMI) had its price target hoisted by Truist Financial from $78.00 to $91.00 in a research note released on Friday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other research analysts have also weighed in on the company. Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. B. Riley increased their target price on shares of TTM Technologies from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Weiss Ratings upgraded shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Wall Street Zen cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 19th. Finally, Needham & Company LLC raised their target price on shares of TTM Technologies from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, TTM Technologies currently has an average rating of “Buy” and a consensus price target of $76.50.

TTM Technologies Stock Performance

Shares of TTMI stock opened at $70.38 on Friday. TTM Technologies has a 52-week low of $15.77 and a 52-week high of $80.58. The company has a quick ratio of 1.66, a current ratio of 1.94 and a debt-to-equity ratio of 0.54. The stock has a market cap of $7.27 billion, a PE ratio of 55.86 and a beta of 1.74. The business has a 50-day simple moving average of $65.66 and a 200-day simple moving average of $52.65.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $752.74 million for the quarter, compared to the consensus estimate of $711.91 million. TTM Technologies had a net margin of 4.74% and a return on equity of 13.21%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. On average, equities analysts expect that TTM Technologies will post 1.76 EPS for the current year.

Insider Buying and Selling at TTM Technologies

In other news, insider Anthony Joseph Sandeen sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $67.30, for a total value of $134,600.00. Following the sale, the insider directly owned 41,442 shares of the company’s stock, valued at approximately $2,789,046.60. The trade was a 4.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Steven Spoto sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $66.95, for a total transaction of $66,950.00. Following the completion of the transaction, the vice president owned 27,649 shares in the company, valued at approximately $1,851,100.55. This represents a 3.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 20,070 shares of company stock valued at $1,348,445. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP lifted its stake in TTM Technologies by 96.3% during the 1st quarter. Quantbot Technologies LP now owns 40,709 shares of the technology company’s stock worth $835,000 after acquiring an additional 19,974 shares in the last quarter. Martingale Asset Management L P lifted its position in shares of TTM Technologies by 15.8% during the first quarter. Martingale Asset Management L P now owns 71,614 shares of the technology company’s stock worth $1,469,000 after purchasing an additional 9,759 shares in the last quarter. AlphaQuest LLC boosted its stake in shares of TTM Technologies by 891.3% in the first quarter. AlphaQuest LLC now owns 22,660 shares of the technology company’s stock valued at $465,000 after purchasing an additional 20,374 shares during the period. Jump Financial LLC boosted its stake in shares of TTM Technologies by 419.1% in the first quarter. Jump Financial LLC now owns 73,336 shares of the technology company’s stock valued at $1,504,000 after purchasing an additional 59,209 shares during the period. Finally, Walleye Capital LLC acquired a new position in shares of TTM Technologies in the first quarter valued at approximately $2,904,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

TTM Technologies Company Profile

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.