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

TTM Technologies (NASDAQ:TTMI) had its target price increased by research analysts at Needham & Company LLC from $77.00 to $79.00 in a research note issued to investors on Wednesday, Marketbeat reports. The firm presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s target price would indicate a potential upside of 16.40% from the stock’s previous close.

Several other brokerages also recently issued reports on TTMI. Weiss Ratings raised TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. B. Riley reiterated a “buy” rating on shares of TTM Technologies in a report on Thursday, October 30th. Stifel Nicolaus raised their price target on shares of TTM Technologies from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Truist Financial boosted their price objective on shares of TTM Technologies from $60.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Wall Street Zen lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 19th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $65.50.

TTM Technologies Trading Down 2.9%

TTM Technologies stock opened at $67.87 on Wednesday. TTM Technologies has a 52 week low of $15.77 and a 52 week high of $71.29. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.72 and a current ratio of 2.03. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 53.87 and a beta of 1.66. The company has a 50 day moving average price of $57.00 and a 200 day moving average price of $44.57.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, October 29th. The technology company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $752.74 million during the quarter, compared to analyst estimates of $711.91 million. TTM Technologies had a return on equity of 13.43% and a net margin of 4.74%.The company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. Research analysts forecast that TTM Technologies will post 1.76 EPS for the current year.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, Director Wajid Ali purchased 5,000 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were bought at an average price of $41.75 per share, for a total transaction of $208,750.00. Following the purchase, the director directly owned 19,024 shares in the company, valued at $794,252. This trade represents a 35.65% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert P. Farrell sold 3,476 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were 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 $1,402,449.78. This represents a 14.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 52,469 shares of company stock worth $2,341,471 in the last ninety days. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On TTM Technologies

Several hedge funds have recently bought and sold shares of the business. Nuveen LLC bought a new position in TTM Technologies during the first quarter valued at about $31,763,000. Westfield Capital Management Co. LP acquired a new position in shares of TTM Technologies during the 3rd quarter valued at about $57,271,000. FengHe Fund Management Pte. Ltd. bought a new position in shares of TTM Technologies in the 3rd quarter valued at approximately $54,148,000. SG Capital Management LLC acquired a new stake in TTM Technologies in the 3rd quarter worth approximately $53,803,000. Finally, Invesco Ltd. lifted its holdings in TTM Technologies by 55.7% in the 2nd quarter. Invesco Ltd. now owns 2,114,409 shares of the technology company’s stock worth $86,310,000 after purchasing an additional 756,702 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, 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.