TTM Technologies (NASDAQ:TTMI) Price Target Raised to $26.00 at Needham & Company LLC

TTM Technologies (NASDAQ:TTMI) had its price objective hoisted by equities researchers at Needham & Company LLC from $24.00 to $26.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price target suggests a potential upside of 31.85% from the stock’s previous close.

TTMI has been the subject of a number of other reports. Truist Financial restated a “buy” rating and set a $24.00 price objective (up from $22.00) on shares of TTM Technologies in a research report on Thursday, August 1st. Stifel Nicolaus lifted their target price on TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, B. Riley lifted their target price on TTM Technologies from $25.50 to $27.25 and gave the stock a “buy” rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $25.31.

TTM Technologies Price Performance

TTM Technologies stock opened at $19.72 on Thursday. The company has a current ratio of 2.04, a quick ratio of 1.74 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $2.01 billion, a PE ratio of -986.00 and a beta of 1.25. TTM Technologies has a 12 month low of $11.38 and a 12 month high of $22.70. The stock has a 50-day moving average price of $18.81 and a two-hundred day moving average price of $18.62.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. TTM Technologies had a return on equity of 9.01% and a net margin of 0.74%. The company had revenue of $605.10 million during the quarter, compared to the consensus estimate of $582.70 million. During the same period last year, the company earned $0.28 earnings per share. The firm’s revenue was up 10.7% compared to the same quarter last year. Analysts expect that TTM Technologies will post 1.31 EPS for the current year.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, EVP Shawn A. Powers sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $20.50, for a total value of $143,500.00. Following the completion of the sale, the executive vice president now owns 101,741 shares of the company’s stock, valued at approximately $2,085,690.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Daniel J. Weber sold 13,000 shares of TTM Technologies stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $19.00, for a total transaction of $247,000.00. Following the transaction, the executive vice president now owns 94,488 shares of the company’s stock, valued at $1,795,272. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Shawn A. Powers sold 7,000 shares of TTM Technologies stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $20.50, for a total value of $143,500.00. Following the transaction, the executive vice president now directly owns 101,741 shares in the company, valued at approximately $2,085,690.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,000 shares of company stock valued at $1,153,900. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its position in shares of TTM Technologies by 2,130.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 25,069 shares of the technology company’s stock valued at $392,000 after buying an additional 23,945 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in TTM Technologies during the first quarter worth $382,000. GSA Capital Partners LLP lifted its holdings in TTM Technologies by 135.0% during the first quarter. GSA Capital Partners LLP now owns 63,681 shares of the technology company’s stock worth $997,000 after acquiring an additional 36,582 shares during the period. Dynamic Advisor Solutions LLC bought a new stake in TTM Technologies during the second quarter worth $602,000. Finally, First Eagle Investment Management LLC lifted its holdings in TTM Technologies by 14.6% during the second quarter. First Eagle Investment Management LLC now owns 724,641 shares of the technology company’s stock worth $14,080,000 after acquiring an additional 92,300 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

TTM Technologies Company Profile

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.