TTM Technologies (NASDAQ:TTMI) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

TTM Technologies (NASDAQ:TTMI) had its price objective boosted by Needham & Company LLC from $79.00 to $105.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective points to a potential upside of 10.93% from the stock’s previous close.

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

TTM Technologies Price Performance

TTMI traded up $16.77 on Tuesday, reaching $94.66. The stock had a trading volume of 4,518,858 shares, compared to its average volume of 2,351,645. The company has a current ratio of 1.94, a quick ratio of 1.66 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $9.78 billion, a price-to-earnings ratio of 75.03 and a beta of 1.74. TTM Technologies has a fifty-two week low of $15.77 and a fifty-two week high of $95.46. The firm has a 50-day moving average of $69.34 and a 200-day moving average of $56.55.

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

Insider Buying and Selling at TTM Technologies

In other news, insider Anthony Joseph Sandeen sold 2,000 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $67.30, for a total value of $134,600.00. Following the completion of the transaction, the insider owned 41,442 shares of the company’s stock, valued at approximately $2,789,046.60. This represents a 4.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julie Spicer England sold 3,784 shares of the company’s 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 completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 36,870 shares of company stock worth $2,520,245 over the last quarter. Company insiders own 1.30% of the company’s stock.

Institutional Trading of TTM Technologies

A number of large investors have recently made changes to their positions in TTMI. Royal Bank of Canada increased its position in shares of TTM Technologies by 66.6% during the 1st quarter. Royal Bank of Canada now owns 26,433 shares of the technology company’s stock valued at $543,000 after purchasing an additional 10,565 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 worth $1,232,000 after buying an additional 2,632 shares during the period. Goldman Sachs Group Inc. increased its position in TTM Technologies by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock valued at $34,989,000 after acquiring an additional 115,766 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of TTM Technologies by 7.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,563 shares of the technology company’s stock valued at $3,908,000 after acquiring an additional 13,691 shares during the period. Finally, Jane Street Group LLC lifted its holdings 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 during the last quarter. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies Company Profile

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.