TTM Technologies (NASDAQ:TTMI) Price Target Raised to $105.00 at Needham & Company LLC

TTM Technologies (NASDAQ:TTMI) had its price objective lifted by Needham & Company LLC from $79.00 to $105.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

A number of other research firms have also recently weighed in on TTMI. Weiss Ratings raised shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Wall Street Zen downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. Truist Financial boosted their price objective on TTM Technologies from $78.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. B. Riley upped their target price on TTM Technologies from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Finally, Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, TTM Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.00.

TTM Technologies Stock Performance

TTM Technologies stock opened at $93.24 on Tuesday. 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 $9.63 billion, a PE ratio of 74.00 and a beta of 1.74. TTM Technologies has a 12-month low of $15.77 and a 12-month high of $96.45. The business’s 50-day moving average price is $69.88 and its two-hundred day moving average price is $56.92.

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

Insider Activity

In related news, Director Julie Spicer England sold 3,784 shares of TTM Technologies stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $63.34, for a total value of $239,678.56. Following the transaction, the director directly owned 106,541 shares of the company’s stock, valued at $6,748,306.94. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas T. Edman sold 16,800 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $69.75, for a total value of $1,171,800.00. Following the completion of the sale, the director owned 804,923 shares in the company, valued at $56,143,379.25. The trade was a 2.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 36,870 shares of company stock worth $2,520,245. 1.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TTMI. Royal Bank of Canada increased its position in shares of TTM Technologies by 66.6% during the first quarter. Royal Bank of Canada now owns 26,433 shares of the technology company’s stock worth $543,000 after buying an additional 10,565 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in TTM Technologies by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,087 shares of the technology company’s stock valued at $1,232,000 after acquiring an additional 2,632 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in TTM Technologies by 7.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock worth $34,989,000 after acquiring an additional 115,766 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in TTM Technologies by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,563 shares of the technology company’s stock worth $3,908,000 after acquiring an additional 13,691 shares during the period. Finally, Jane Street Group LLC raised its position in shares of TTM Technologies by 1,150.2% in the 1st quarter. Jane Street Group LLC now owns 139,889 shares of the technology company’s stock worth $2,869,000 after acquiring an additional 128,700 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

About TTM Technologies

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.