TTM Technologies, Inc. (NASDAQ:TTMI) Receives $117.25 Average PT from Analysts

TTM Technologies, Inc. (NASDAQ:TTMI) has received a consensus recommendation of “Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $117.25.

TTMI has been the subject of several recent research reports. Stifel Nicolaus set a $108.00 price objective on TTM Technologies in a research note on Thursday, February 5th. Truist Financial set a $113.00 target price on shares of TTM Technologies in a research report on Wednesday, January 14th. B. Riley Financial upped their price target on shares of TTM Technologies from $81.00 to $123.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Needham & Company LLC raised their price target on shares of TTM Technologies from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Finally, Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th.

Insiders Place Their Bets

In other news, EVP Catherine A. Gridley sold 20,000 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $105.94, for a total value of $2,118,800.00. Following the sale, the executive vice president directly owned 78,645 shares of the company’s stock, valued at approximately $8,331,651.30. This represents a 20.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel J. Weber sold 12,000 shares of TTM Technologies stock in a transaction on Friday, February 13th. The stock was sold at an average price of $93.88, for a total transaction of $1,126,560.00. Following the transaction, the executive vice president directly owned 94,621 shares of the company’s stock, valued at $8,883,019.48. This represents a 11.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 105,150 shares of company stock valued at $9,900,522. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in TTM Technologies by 0.5% in the third quarter. Vanguard Group Inc. now owns 13,156,053 shares of the technology company’s stock worth $757,789,000 after acquiring an additional 60,002 shares in the last quarter. Invesco Ltd. increased its holdings in shares of TTM Technologies by 3.5% during the fourth quarter. Invesco Ltd. now owns 4,980,091 shares of the technology company’s stock valued at $343,626,000 after acquiring an additional 166,188 shares in the last quarter. Whale Rock Capital Management LLC increased its holdings in shares of TTM Technologies by 112.1% during the fourth quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company’s stock valued at $295,066,000 after acquiring an additional 2,260,035 shares in the last quarter. Polar Capital Holdings Plc acquired a new position in shares of TTM Technologies during the third quarter worth approximately $176,376,000. Finally, Geode Capital Management LLC raised its position in shares of TTM Technologies by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 2,667,956 shares of the technology company’s stock worth $184,119,000 after purchasing an additional 81,588 shares during the period. 95.79% of the stock is owned by institutional investors and hedge funds.

TTM Technologies Price Performance

Shares of NASDAQ:TTMI opened at $95.47 on Wednesday. TTM Technologies has a 52-week low of $15.77 and a 52-week high of $113.46. The company has a market capitalization of $9.91 billion, a PE ratio of 56.49 and a beta of 1.74. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.67 and a current ratio of 1.93. The company has a fifty day moving average of $98.45 and a 200-day moving average of $77.03.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. TTM Technologies had a return on equity of 13.30% and a net margin of 6.11%.The business had revenue of $763.53 million for the quarter, compared to analyst estimates of $752.96 million. During the same quarter in the previous year, the company posted $0.60 EPS. TTM Technologies’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. On average, equities analysts predict that TTM Technologies will post 1.76 EPS for the current fiscal year.

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.