Brokerages Set TTM Technologies, Inc. (NASDAQ:TTMI) Target Price at $54.50

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $54.50.

Several equities research analysts have recently issued reports on TTMI shares. Truist Financial lifted their price target on TTM Technologies from $41.00 to $48.00 and gave the company a “buy” rating in a report on Monday, July 7th. B. Riley raised their price objective on TTM Technologies from $36.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Wall Street Zen downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 26th. Stifel Nicolaus lifted their price target on TTM Technologies from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th.

TTM Technologies Stock Down 1.8%

Shares of TTM Technologies stock opened at $59.18 on Wednesday. The stock has a 50-day moving average price of $47.98 and a 200 day moving average price of $36.40. The company has a market cap of $6.11 billion, a P/E ratio of 65.76 and a beta of 1.63. 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 1 year low of $15.77 and a 1 year high of $62.60.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.06. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%.The firm had revenue of $730.62 million during the quarter, compared to the consensus estimate of $668.42 million. During the same period in the prior year, the business earned $0.39 EPS. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. As a group, analysts expect that TTM Technologies will post 1.76 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Tom Clapprood sold 15,000 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $44.68, for a total value of $670,200.00. Following the sale, the insider owned 23,531 shares of the company’s stock, valued at $1,051,365.08. The trade was a 38.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Wajid Ali purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was bought at an average cost of $41.75 per share, for a total transaction of $208,750.00. Following the purchase, the director owned 19,024 shares in the company, valued at $794,252. This represents a 35.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 66,477 shares of company stock worth $2,867,405 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On TTM Technologies

Institutional investors have recently bought and sold shares of the business. Nuveen LLC bought a new stake in shares of TTM Technologies during the first quarter worth $31,763,000. Invesco Ltd. raised its position in shares of TTM Technologies by 55.7% during the second quarter. Invesco Ltd. now owns 2,114,409 shares of the technology company’s stock worth $86,310,000 after acquiring an additional 756,702 shares during the last quarter. Neumeier Poma Investment Counsel LLC bought a new stake in shares of TTM Technologies during the second quarter worth $25,824,000. Cubist Systematic Strategies LLC raised its position in shares of TTM Technologies by 1,070.1% during the first quarter. Cubist Systematic Strategies LLC now owns 470,679 shares of the technology company’s stock worth $9,654,000 after acquiring an additional 430,453 shares during the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of TTM Technologies during the second quarter worth $16,914,000. Institutional investors own 95.79% of the company’s stock.

TTM Technologies Company Profile

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.