Analysts Set TTM Technologies, Inc. (NASDAQ:TTMI) Target Price at $117.25

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) have received an average recommendation of “Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $117.25.

A number of brokerages have recently issued reports on TTMI. B. Riley Financial increased their target price on TTM Technologies from $81.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Stifel Nicolaus set a $108.00 price target on TTM Technologies in a research report on Thursday, February 5th. Needham & Company LLC increased their price objective on TTM Technologies from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Weiss Ratings raised TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Finally, Truist Financial set a $113.00 target price on shares of TTM Technologies in a research note on Wednesday, January 14th.

TTM Technologies Price Performance

Shares of NASDAQ:TTMI traded down $11.04 during midday trading on Friday, reaching $87.91. 2,345,386 shares of the company’s stock were exchanged, compared to its average volume of 1,888,309. 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’s 50 day simple moving average is $92.73 and its two-hundred day simple moving average is $71.16. TTM Technologies has a 12 month low of $15.77 and a 12 month high of $113.46. The firm has a market capitalization of $9.09 billion, a PE ratio of 52.02 and a beta of 1.74.

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

Insider Buying and Selling at TTM Technologies

In other news, Director Thomas T. Edman sold 16,800 shares of TTM Technologies stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $101.62, for a total value of $1,707,216.00. Following the completion of the transaction, the director owned 855,171 shares in the company, valued at approximately $86,902,477.02. The trade was a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Catherine A. Gridley sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $105.94, for a total value of $2,118,800.00. Following the completion of the transaction, the executive vice president directly owned 78,645 shares in the company, valued at $8,331,651.30. The trade was a 20.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 105,150 shares of company stock worth $9,900,522 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On TTM Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Polar Capital Holdings Plc bought a new stake in shares of TTM Technologies during the third quarter worth $176,376,000. Invesco Ltd. increased its position in TTM Technologies by 127.7% in the 3rd quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock valued at $277,281,000 after acquiring an additional 2,699,494 shares in the last quarter. Whale Rock Capital Management LLC raised its stake in shares of TTM Technologies by 112.1% in the fourth quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company’s stock worth $295,066,000 after acquiring an additional 2,260,035 shares during the last quarter. Castle Hook Partners LP bought a new position in TTM Technologies in the 4th quarter valued at $133,351,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in TTM Technologies by 575.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,831,425 shares of the technology company’s stock valued at $105,490,000 after buying an additional 1,560,394 shares during the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

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.