TTM Technologies (NASDAQ:TTMI) Price Target Raised to $125.00

TTM Technologies (NASDAQ:TTMIGet Free Report) had its price objective raised by investment analysts at Needham & Company LLC from $105.00 to $125.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 29.67% from the stock’s previous close.

Several other equities research analysts have also commented on TTMI. Truist Financial set a $113.00 price target on shares of TTM Technologies in a research note on Wednesday, January 14th. B. Riley boosted their price target on TTM Technologies from $81.00 to $123.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Zacks Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. 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, Weiss Ratings reissued a “buy (b-)” rating on shares of TTM Technologies in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat.com, TTM Technologies presently has an average rating of “Buy” and an average price target of $104.00.

Check Out Our Latest Report on TTMI

TTM Technologies Trading Down 10.4%

Shares of TTM Technologies stock opened at $96.40 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.66 and a current ratio of 1.94. TTM Technologies has a fifty-two week low of $15.77 and a fifty-two week high of $111.00. The firm has a 50-day simple moving average of $80.34 and a two-hundred day simple moving average of $62.97. The company has a market cap of $9.96 billion, a P/E ratio of 76.51 and a beta of 1.75.

TTM Technologies (NASDAQ:TTMIGet Free Report) last announced its earnings results on Wednesday, February 4th. The technology company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. The business had revenue of $763.53 million during the quarter, compared to the consensus estimate of $752.96 million. TTM Technologies had a return on equity of 13.21% and a net margin of 4.74%.The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 EPS. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. As a group, equities analysts predict that TTM Technologies will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Julie Spicer England sold 3,784 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $63.34, for a total transaction of $239,678.56. Following the transaction, the director directly owned 106,541 shares in the company, valued at approximately $6,748,306.94. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John G. Mayer sold 9,167 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $68.13, for a total transaction of $624,547.71. Following the transaction, the director owned 165,140 shares in the company, valued at $11,250,988.20. This represents a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 49,194 shares of company stock worth $3,828,510 over the last three months. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Optiver Holding B.V. lifted its holdings in TTM Technologies by 66.4% during the third quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock worth $25,000 after acquiring an additional 170 shares during the period. Bessemer Group Inc. raised its position in TTM Technologies by 448.8% in the third quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock worth $27,000 after acquiring an additional 377 shares during the period. Rakuten Securities Inc. purchased a new position in TTM Technologies in the fourth quarter valued at about $32,000. Wolff Wiese Magana LLC bought a new position in shares of TTM Technologies during the 4th quarter valued at approximately $34,000. Finally, Danske Bank A S purchased a new stake in shares of TTM Technologies during the 4th quarter worth approximately $34,000. 95.79% of the stock is owned by institutional investors.

Key TTM Technologies News

Here are the key news stories impacting TTM Technologies this week:

About TTM Technologies

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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.

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