TTM Technologies, Inc. (NASDAQ:TTMI) Stock Has Average Target Price of $203.00

TTM Technologies, Inc. (NASDAQ:TTMI) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $204.75.

TTMI has been the subject of several research reports. Zacks Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Wall Street Zen downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 30th. Truist Financial raised their price objective on shares of TTM Technologies from $224.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday. Weiss Ratings cut shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Finally, Needham & Company LLC cut their price target on TTM Technologies from $220.00 to $175.00 and set a “buy” rating for the company in a report on Monday, September 21st.

Insider Buying and Selling at TTM Technologies

In other news, CEO Edwin Roks bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was bought at an average price of $111.77 per share, with a total value of $1,117,700.00. Following the acquisition, the chief executive officer owned 64,814 shares of the company’s stock, valued at approximately $7,244,260.78. This represents a 18.24% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Dale Knecht sold 26,198 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $142.00, for a total value of $3,720,116.00. Following the completion of the transaction, the senior vice president owned 40,138 shares in the company, valued at $5,699,596. The trade was a 39.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of TTM Technologies by 1.8% during the 2nd quarter. GAMMA Investing LLC now owns 4,340 shares of the technology company’s stock valued at $812,000 after buying an additional 75 shares in the last quarter. Parallel Advisors LLC increased its position in TTM Technologies by 36.2% during the first quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock valued at $32,000 after acquiring an additional 87 shares during the last quarter. GoalVest Advisory LLC raised its position in TTM Technologies by 456.7% in the 2nd quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock worth $31,000 after purchasing an additional 137 shares during the period. Fifth Third Wealth Advisors LLC boosted its position in shares of TTM Technologies by 4.5% during the first quarter. Fifth Third Wealth Advisors LLC now owns 3,289 shares of the technology company’s stock valued at $320,000 after buying an additional 142 shares during the period. Finally, Elm3 Financial Group LLC raised its holdings in shares of TTM Technologies by 7.1% in the third quarter. Elm3 Financial Group LLC now owns 2,142 shares of the technology company’s stock worth $263,000 after buying an additional 142 shares during the period. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies Price Performance

TTMI stock opened at $93.88 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.54 and a current ratio of 1.78. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of 42.29 and a beta of 2.14. The firm has a 50 day moving average price of $121.61 and a 200-day moving average price of $141.89. TTM Technologies has a 52-week low of $54.43 and a 52-week high of $223.83.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.10. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $962.04 million. TTM Technologies had a return on equity of 15.67% and a net margin of 7.01%. TTM Technologies’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 EPS. Equities research analysts forecast that TTM Technologies will post 4.22 EPS for the current fiscal year.

TTM Technologies Company Profile

TTM Technologies, Inc is a manufacturer of technology solutions for the electronics industry. The company primarily produces printed circuit boards, including rigid, flexible, rigid-flex and high-density interconnect boards, as well as specialized radio-frequency and microwave components and assemblies.

TTM’s products and services support applications that require complex electronic circuitry and high reliability. Its customers operate in markets such as aerospace and defense, data-center computing, automotive, medical, industrial and instrumentation, and networking and communications.