TTM Technologies (NASDAQ:TTMI) Price Target Raised to $79.00 at Needham & Company LLC

TTM Technologies (NASDAQ:TTMI) had its price objective raised by Needham & Company LLC from $77.00 to $79.00 in a report released on Wednesday, Marketbeat Ratings reports. Needham & Company LLC currently has a buy rating on the technology company’s stock.

Other equities research analysts have also issued reports about the stock. Truist Financial lifted their price target on shares of TTM Technologies from $60.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Stifel Nicolaus upped their price objective on TTM Technologies from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Weiss Ratings raised shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Finally, Wall Street Zen lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 19th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $65.50.

TTM Technologies Stock Down 10.5%

TTMI stock traded down $7.40 during trading hours on Wednesday, reaching $63.10. 3,047,282 shares of the stock were exchanged, compared to its average volume of 1,593,952. The firm’s 50-day moving average is $57.49 and its 200-day moving average is $44.75. TTM Technologies has a 12 month low of $15.77 and a 12 month high of $71.85. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 50.08 and a beta of 1.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 1.72.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. The company had revenue of $752.74 million during the quarter, compared to analysts’ expectations of $711.91 million. TTM Technologies had a return on equity of 13.43% and a net margin of 4.74%.TTM Technologies’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. On average, equities research analysts expect that TTM Technologies will post 1.76 earnings per share for the current year.

Insider Activity at TTM Technologies

In other news, insider Robert P. Farrell sold 3,476 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $68.93, for a total transaction of $239,600.68. Following the transaction, the insider owned 20,346 shares in the company, valued at approximately $1,402,449.78. This trade represents a 14.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Catherine A. Gridley sold 20,000 shares of TTM Technologies stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $44.31, for a total value of $886,200.00. Following the sale, the executive vice president directly owned 81,986 shares of the company’s stock, valued at approximately $3,632,799.66. The trade was a 19.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 52,469 shares of company stock valued at $2,341,471. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TTMI. New York State Common Retirement Fund lifted its holdings in shares of TTM Technologies by 16.5% during the first quarter. New York State Common Retirement Fund now owns 80,989 shares of the technology company’s stock worth $1,661,000 after buying an additional 11,500 shares in the last quarter. CWM LLC increased its position in TTM Technologies by 14.4% during the first quarter. CWM LLC now owns 4,501 shares of the technology company’s stock worth $92,000 after acquiring an additional 567 shares during the period. Edgestream Partners L.P. bought a new position in TTM Technologies during the first quarter worth about $1,899,000. Bailard Inc. raised its stake in TTM Technologies by 27.5% in the 1st quarter. Bailard Inc. now owns 21,300 shares of the technology company’s stock worth $437,000 after purchasing an additional 4,600 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in TTM Technologies by 86.7% in the 1st quarter. Allianz Asset Management GmbH now owns 127,100 shares of the technology company’s stock valued at $2,607,000 after purchasing an additional 59,035 shares during the period. Institutional investors own 95.79% of the company’s stock.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.