TTM Technologies, Inc. (NASDAQ:TTMI) Receives $76.50 Average Price Target from Brokerages

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $76.50.

Several equities research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Truist Financial increased their price target on TTM Technologies from $78.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Wall Street Zen downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 19th. Finally, Needham & Company LLC raised their target price on TTM Technologies from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th.

Insider Activity

In other news, insider Anthony Joseph Sandeen sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $67.30, for a total transaction of $134,600.00. Following the completion of the sale, the insider owned 41,442 shares of the company’s stock, valued at $2,789,046.60. This trade represents a 4.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas T. Edman sold 16,800 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $69.75, for a total transaction of $1,171,800.00. Following the transaction, the director owned 804,923 shares in the company, valued at $56,143,379.25. The trade was a 2.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 36,870 shares of company stock worth $2,520,245. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in shares of TTM Technologies by 9.7% during the second quarter. JPMorgan Chase & Co. now owns 652,034 shares of the technology company’s stock valued at $26,616,000 after acquiring an additional 57,606 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in TTM Technologies in the 3rd quarter valued at $4,002,000. FengHe Fund Management Pte. Ltd. purchased a new stake in shares of TTM Technologies during the 3rd quarter valued at $54,148,000. Voya Investment Management LLC raised its stake in shares of TTM Technologies by 92.7% during the 3rd quarter. Voya Investment Management LLC now owns 53,457 shares of the technology company’s stock worth $3,079,000 after purchasing an additional 25,712 shares during the period. Finally, Horizon Investment Services LLC purchased a new position in shares of TTM Technologies in the 2nd quarter worth about $316,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

TTM Technologies Trading Up 10.5%

Shares of TTMI stock opened at $73.88 on Friday. TTM Technologies has a 1-year low of $15.77 and a 1-year high of $80.58. The company has a current ratio of 1.94, a quick ratio of 1.66 and a debt-to-equity ratio of 0.54. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 58.64 and a beta of 1.74. The stock has a 50-day moving average of $69.18 and a 200-day moving average of $56.28.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, October 29th. The technology company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.61 by $0.06. TTM Technologies had a return on equity of 13.21% and a net margin of 4.74%.The business had revenue of $752.74 million for the quarter, compared to analysts’ expectations of $711.91 million. During the same period in the prior year, the business posted $0.41 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. On average, equities research analysts forecast that TTM Technologies will post 1.76 earnings per share for the current year.

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.