Needham & Company LLC Forecasts Strong Price Appreciation for TTM Technologies (NASDAQ:TTMI) Stock

TTM Technologies (NASDAQ:TTMI) had its price objective raised by equities researchers at Needham & Company LLC from $105.00 to $125.00 in a report released on Thursday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s target price points to a potential upside of 26.80% from the company’s current price.

TTMI has been the subject of several other reports. Wall Street Zen lowered TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 19th. Weiss Ratings restated a “buy (b-)” rating on shares of TTM Technologies in a research report on Wednesday, January 21st. Truist Financial set a $113.00 price objective on TTM Technologies in a research report on Wednesday, January 14th. B. Riley Financial increased their target price on shares of TTM Technologies from $81.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Zacks Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $117.25.

TTM Technologies Price Performance

NASDAQ TTMI opened at $98.58 on Thursday. The company has a 50-day moving average price of $81.39 and a 200-day moving average price of $63.53. TTM Technologies has a 52 week low of $15.77 and a 52 week high of $111.00. The company has a quick ratio of 1.66, a current ratio of 1.93 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $10.19 billion, a P/E ratio of 58.33 and a beta of 1.75.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, February 4th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. TTM Technologies had a net margin of 6.11% and a return on equity of 13.30%. The company had revenue of $763.53 million during the quarter, compared to analyst estimates of $752.96 million. During the same period in the previous year, the business posted $0.60 earnings per share. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. Equities research analysts anticipate that TTM Technologies will post 1.76 earnings per share for the current year.

Insider Transactions at TTM Technologies

In other TTM Technologies 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 value of $239,678.56. Following the sale, the director owned 106,541 shares in the company, valued at $6,748,306.94. The trade was a 3.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas T. Edman sold 16,800 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $96.12, for a total transaction of $1,614,816.00. Following the transaction, the director directly owned 783,406 shares of the company’s stock, valued at $75,300,984.72. This trade represents a 2.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 49,194 shares of company stock valued at $3,828,510. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TTM Technologies

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

More TTM Technologies News

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

• Positive Sentiment: Q4 results beat expectations — record Q4 EPS and revenue up ~19% year-over-year, with strength in commercial and aerospace & defense that underpins near-term momentum. TTMI Q4 Earnings & Revenues Surpass Estimates
• Positive Sentiment: Management posted Q4 EPS above consensus and provided Q1 guidance (0.64–0.70 EPS), helping justify investor optimism about near-term earnings power. TTMI Q4 Deep Dive
• Positive Sentiment: Analyst upgrade / price-target lift — Needham raised its target to $125 and maintains a Buy rating, giving brokers’ support for further upside. Price Target Raised by Needham
• Positive Sentiment: Large-scale AI/data-center capex tailwind — coverage notes TTM is well positioned to supply PCBs and components to data-center and networking equipment as Alphabet ramps a $175–185B capex plan for 2026. That potential demand lift is being priced in by investors. TTM Could Be Winner From Google Capex
• Positive Sentiment: Board additions focused on defense — new directors with defense backgrounds strengthen credentials to win more aerospace & defense work, supporting diversified demand. Adds Defense-Focused Leaders to Board
• Neutral Sentiment: Market skepticism noted despite solid results — some coverage highlights investor caution about valuation and whether margin gains are sustainable as growth normalizes. This is tempering enthusiasm for a subset of traders. Q4 Deep Dive — Market Skepticism
• Neutral Sentiment: Earnings call transcript and details provide color but no new headline change — useful for investors wanting specifics on orders, margins and end-market mix. Q4 2025 Earnings Call Transcript

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.