TTM Technologies (NASDAQ:TTMI) Stock Price Target Cut by Needham & Company LLC

23 Oct 2026, 08:13 by Jessica Moore · The Cerbat Gem

TTM Technologies (NASDAQ:TTMI – Get Free Report) had its target price cut by research analysts at Needham & Company LLC from $175.00 to $150.00 in a research report issued to clients and investors on Friday, Marketbeat reports. The brokerage currently has a “buy” rating on the technology company’s stock. Needham & Company LLC‘s price target suggests a potential upside of 103.00% from the company’s current price.

TTMI has been the subject of a number of other reports. Truist Financial upped their target price on shares of TTM Technologies from $224.00 to $231.00 and gave the stock a “buy” rating in a research note on Tuesday, October 13th. Weiss Ratings cut shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Stifel Nicolaus set a $165.00 price objective on shares of TTM Technologies in a report on Friday. Zacks Research downgraded shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Wall Street Zen lowered TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 30th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $188.50.

Read Our Latest Report on TTM Technologies

TTM Technologies Trading Down 27.7%

Shares of TTM Technologies stock opened at $73.89 on Friday. The stock has a market cap of $7.78 billion, a P/E ratio of 33.28 and a beta of 2.14. The stock’s 50 day simple moving average is $118.27 and its 200-day simple moving average is $142.13. TTM Technologies has a 1-year low of $55.44 and a 1-year high of $223.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.78 and a quick ratio of 1.54.

TTM Technologies (NASDAQ:TTMI – Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The technology company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.21. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.13 billion. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. The business’s revenue for the quarter was up 59.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 EPS. Analysts predict that TTM Technologies will post 4.22 EPS for the current fiscal year.

Insider Activity at TTM Technologies

In other news, SVP Dale Knecht sold 26,198 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $142.00, for a total value of $3,720,116.00. Following the transaction, the senior vice president owned 40,138 shares of the company’s stock, valued at approximately $5,699,596. The trade was a 39.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Edwin Roks purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were bought at an average cost of $111.77 per share, with a total value of $1,117,700.00. Following the completion of the acquisition, the chief executive officer owned 64,814 shares of the company’s stock, valued at approximately $7,244,260.78. This trade represents a 18.24% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On TTM Technologies

A number of institutional investors have recently added to or reduced their stakes in TTMI. BlackRock Inc. acquired a new stake in shares of TTM Technologies in the 2nd quarter valued at approximately $2,053,347,000. Rokos Capital Management LLP acquired a new position in TTM Technologies during the first quarter worth $13,031,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in TTM Technologies by 97.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 197,799 shares of the technology company’s stock worth $19,270,000 after acquiring an additional 97,799 shares in the last quarter. Renaissance Technologies LLC purchased a new position in TTM Technologies in the first quarter worth $36,130,000. Finally, Ausbil Investment Management Ltd acquired a new stake in TTM Technologies in the third quarter valued at $970,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Trending Headlines about TTM Technologies

Here are the key news stories impacting TTM Technologies this week:

Positive Sentiment: Record results and higher guidance: TTM reported third-quarter revenue of $1.20 billion, up approximately 60% year over year, while non-GAAP EPS of $1.46 exceeded the $1.25 consensus estimate. Adjusted EBITDA reached a record $242.3 million, and management projected fourth-quarter revenue of $1.42 billion to $1.44 billion. TTM Technologies Reports Third Quarter 2026 Results
Positive Sentiment: Strong demand outlook: Data Center and Networking revenue grew 115%, helped by artificial-intelligence demand, while Aerospace and Defense sales increased 21%. The company also cited a 2.13 book-to-bill ratio and a $2 billion Aerospace and Defense backlog. Its preliminary 2027 forecast calls for $6.5 billion to $6.75 billion in revenue and $8.10 to $8.90 in non-GAAP EPS. TTM Technologies: 3 Key Takeaways for Long-Term Investors
Neutral Sentiment: Analyst target reduced: Stifel lowered its price target to $165, signaling less near-term valuation support even though the target remains above the reported share price. TTM Technologies Price Target Lowered to $165 at Stifel
Negative Sentiment: Supply and financing concerns: Management reportedly highlighted material lead times of up to 24 weeks. Investors are also concerned about debt costs and leverage following acquisitions, including the planned $650 million Ophir Optics purchase. Net leverage was 2.8 times pro forma EBITDA after recent deals, raising execution and balance-sheet risks. Why TTM Technologies Stock Plunged This Week
Negative Sentiment: Potential legal investigations: Several law firms announced investigations into possible securities-law violations after the earnings release. These announcements do not establish wrongdoing, but they add uncertainty and may intensify selling pressure. TTM Technologies Investigation Notice

TTM Technologies Company Profile

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TTM Technologies, Inc is a manufacturer of technology solutions and printed circuit boards (PCBs), which are used to connect and support electronic components in a wide range of products. The company produces conventional rigid PCBs as well as high-density interconnect, flexible and rigid-flex circuit boards, and other advanced circuit technologies.