TTM Technologies (NASDAQ:TTMI) Stock Gets Price Target Reduction from Needham & Company LLC

TTM Technologies (NASDAQ:TTMI) had its price target lowered by Needham & Company LLC from $175.00 to $150.00 in a report issued on Friday, Marketbeat.com reports. Needham & Company LLC currently has a buy rating on the technology company’s stock.

Other analysts have also recently issued reports about the company. Stifel Nicolaus dropped their price target on TTM Technologies from $205.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday. Truist Financial raised their price objective on TTM Technologies from $224.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, October 13th. Weiss Ratings cut TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Zacks Research downgraded TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Wall Street Zen downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 30th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $173.25.

TTM Technologies Stock Performance

NASDAQ:TTMI opened at $80.11 on Friday. TTM Technologies has a one year low of $55.44 and a one year high of $223.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.67 and a quick ratio of 1.49. The company’s 50-day simple moving average is $117.07 and its 200 day simple moving average is $142.02. The firm has a market capitalization of $8.44 billion, a P/E ratio of 31.92 and a beta of 2.14.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Thursday, October 22nd. The technology company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.21. TTM Technologies had a net margin of 7.01% and a return on equity of 19.19%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the company earned $0.50 earnings per share. The business’s revenue was up 59.9% compared to the same quarter last year. As a group, analysts forecast that TTM Technologies will post 4.22 EPS for the current fiscal year.

Insider Activity

In other news, CEO Edwin Roks bought 10,000 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was acquired at an average cost of $111.77 per share, with a total value of $1,117,700.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Dale Knecht sold 26,198 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $142.00, for a total transaction of $3,720,116.00. Following the completion of the transaction, the senior vice president owned 40,138 shares in the company, valued at approximately $5,699,596. This represents a 39.49% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TTM Technologies

A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of TTM Technologies during the second quarter valued at approximately $2,053,347,000. Atalan Capital Partners LP bought a new position in TTM Technologies during the second quarter valued at approximately $189,234,000. Wellington Management Group LLP boosted its holdings in TTM Technologies by 61.9% in the second quarter. Wellington Management Group LLP now owns 2,268,404 shares of the technology company’s stock worth $424,237,000 after purchasing an additional 867,255 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in TTM Technologies in the second quarter worth approximately $114,470,000. Finally, Palestra Capital Management LLC purchased a new stake in TTM Technologies in the second quarter worth approximately $105,214,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

TTM Technologies News Roundup

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

• Positive Sentiment: Record results exceeded expectations. Third-quarter revenue rose 59.9% year over year to $1.20 billion, while non-GAAP EPS of $1.46 topped the $1.25 consensus. Adjusted EBITDA reached a record $242.3 million, with the margin expanding to 20.1%. AI-driven data-center demand and aerospace and defense spending were key growth drivers. TTMI Q3 Earnings & Revenues Surpass Estimates, Both Surge Year over Year
• Positive Sentiment: Management raised its outlook. TTM now expects 2026 revenue of $4.47 billion to $4.49 billion and non-GAAP EPS of $4.97 to $5.03, above consensus. Fourth-quarter EPS guidance of $1.77 to $1.83 also exceeds estimates, while preliminary 2027 guidance calls for $6.5 billion to $6.75 billion in revenue and $8.10 to $8.90 in EPS. TTM Technologies Reports Third Quarter 2026 Results
• Neutral Sentiment: Growth visibility is improving, but execution remains important. Data Center and Networking accounted for 41% of sales, total book-to-bill was 2.13, and aerospace and defense backlog reached $2 billion. However, planned acquisitions—including the $650 million Ophir Optics deal—will require additional borrowing and are not included in current guidance. TTM Technologies Reports Record Sales and Raises Outlook
• Negative Sentiment: Debt and operational risks are weighing on the shares. Investors focused on higher financing costs and leverage following recent acquisitions, as well as reports of material wait times of up to 24 weeks and delays affecting data-center programs. Needham and Stifel lowered their price targets despite retaining favorable ratings. Why Is TTM Technologies Stock Gaining Friday?
• Negative Sentiment: Potential litigation adds uncertainty. Several law firms announced investigations into possible securities-law violations following the post-earnings selloff. These notices are allegations, not established findings, but they may increase headline and legal risk for investors. TTM Technologies Investigation Notice

About TTM Technologies

TTM Technologies, Inc is a manufacturer of technology solutions and printed circuit boards (PCBs), which are used to connect and support electronic components in a wide range of products. The company produces conventional rigid PCBs as well as high-density interconnect, flexible and rigid-flex circuit boards, and other advanced circuit technologies.

TTM also provides radio-frequency and microwave/microelectronic assembly capabilities, including components and assemblies used in communications, radar and other high-frequency applications.