TTM Technologies (NASDAQ:TTMI) Price Target Raised to $65.00

TTM Technologies (NASDAQ:TTMI) had its price objective lifted by Needham & Company LLC from $56.00 to $65.00 in a research report sent to investors on Tuesday morning, MarketBeat reports. Needham & Company LLC currently has a buy rating on the technology company’s stock.

Several other brokerages have also issued reports on TTMI. Truist Financial lifted their price objective on shares of TTM Technologies from $41.00 to $48.00 and gave the company a “buy” rating in a report on Monday, July 7th. B. Riley lifted their price objective on shares of TTM Technologies from $36.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Stifel Nicolaus lifted their price objective on shares of TTM Technologies from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, Wall Street Zen raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 13th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, TTM Technologies currently has a consensus rating of “Buy” and a consensus price target of $54.50.

TTM Technologies Stock Performance

Shares of TTMI stock opened at $54.51 on Tuesday. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 60.57 and a beta of 1.57. The company’s 50 day moving average is $46.46 and its 200 day moving average is $34.89. The company has a quick ratio of 1.72, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. TTM Technologies has a 52-week low of $15.77 and a 52-week high of $58.74.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.06. The company had revenue of $730.62 million for the quarter, compared to analyst estimates of $668.42 million. TTM Technologies had a net margin of 3.52% and a return on equity of 11.80%. TTM Technologies’s revenue was up 20.7% compared to the same quarter last year. During the same period last year, the company posted $0.39 earnings per share. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. On average, sell-side analysts anticipate that TTM Technologies will post 1.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Wajid Ali purchased 5,000 shares of the business’s stock in a transaction on Monday, August 18th. The shares were acquired at an average cost of $41.75 per share, with a total value of $208,750.00. Following the completion of the acquisition, the director owned 19,024 shares of the company’s stock, valued at $794,252. This trade represents a 35.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert P. Farrell sold 1,500 shares of TTM Technologies stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $46.69, for a total transaction of $70,035.00. Following the sale, the insider owned 23,822 shares of the company’s stock, valued at $1,112,249.18. The trade was a 5.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,477 shares of company stock valued at $2,867,405. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TTM Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Focus Partners Wealth lifted its stake in shares of TTM Technologies by 1.1% during the first quarter. Focus Partners Wealth now owns 31,944 shares of the technology company’s stock worth $655,000 after buying an additional 343 shares during the period. Yousif Capital Management LLC lifted its stake in shares of TTM Technologies by 1.0% during the second quarter. Yousif Capital Management LLC now owns 38,027 shares of the technology company’s stock worth $1,552,000 after buying an additional 374 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of TTM Technologies by 52.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,244 shares of the technology company’s stock worth $51,000 after buying an additional 430 shares during the period. KLP Kapitalforvaltning AS lifted its stake in shares of TTM Technologies by 2.4% during the second quarter. KLP Kapitalforvaltning AS now owns 21,200 shares of the technology company’s stock worth $865,000 after buying an additional 500 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of TTM Technologies by 4.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,949 shares of the technology company’s stock worth $345,000 after buying an additional 555 shares during the period. 95.79% of the stock is currently owned by institutional investors and hedge funds.

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.