TTM Technologies (NASDAQ:TTMI) Price Target Raised to $123.00

by · The Markets Daily

TTM Technologies (NASDAQ:TTMI – Get Free Report) had its target price boosted by investment analysts at B. Riley from $81.00 to $123.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. B. Riley’s price objective would suggest a potential upside of 21.80% from the company’s current price.

A number of other equities analysts also recently commented on the stock. Weiss Ratings raised shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Needham & Company LLC raised their price target on shares of TTM Technologies from $79.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Zacks Research cut TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Wall Street Zen lowered TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 19th. Finally, Truist Financial set a $113.00 price objective on shares of TTM Technologies in a report on Wednesday, January 14th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $99.00.

View Our Latest Stock Report on TTMI

TTM Technologies Stock Up 1.1%

NASDAQ TTMI opened at $100.99 on Thursday. The business has a fifty day moving average price of $73.56 and a 200 day moving average price of $59.21. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.66 and a current ratio of 1.94. The company has a market cap of $10.44 billion, a P/E ratio of 83.50 and a beta of 1.74. TTM Technologies has a one year low of $15.77 and a one year high of $106.68.

TTM Technologies (NASDAQ:TTMI – Get Free Report) last issued its earnings results on Wednesday, October 29th. The technology company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. TTM Technologies had a net margin of 4.74% and a return on equity of 13.21%. The business had revenue of $752.74 million during the quarter, compared to analysts’ expectations of $711.91 million. During the same period in the prior year, the business earned $0.41 earnings per share. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. Research analysts anticipate that TTM Technologies will post 1.76 EPS for the current fiscal year.

Insider Transactions at TTM Technologies

In other TTM Technologies news, insider Robert P. Farrell sold 3,476 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $68.93, for a total value of $239,600.68. Following the sale, the insider directly owned 20,346 shares in the company, valued at $1,402,449.78. This trade represents a 14.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Julie Spicer England sold 3,784 shares of the company’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $63.34, for a total value of $239,678.56. Following the transaction, the director directly owned 106,541 shares of the company’s stock, valued at approximately $6,748,306.94. This represents a 3.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 36,870 shares of company stock valued at $2,520,245 over the last ninety days. Company insiders own 1.30% of the company’s stock.

Institutional Trading of TTM Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTMI. Vanguard Group Inc. boosted its holdings in shares of TTM Technologies by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 13,156,053 shares of the technology company’s stock valued at $757,789,000 after buying an additional 60,002 shares in the last quarter. Invesco Ltd. lifted its position in TTM Technologies by 127.7% in the third quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock valued at $277,281,000 after acquiring an additional 2,699,494 shares during the last quarter. Polar Capital Holdings Plc purchased a new stake in TTM Technologies in the third quarter valued at $176,376,000. Geode Capital Management LLC boosted its stake in TTM Technologies by 0.3% in the second quarter. Geode Capital Management LLC now owns 2,557,256 shares of the technology company’s stock valued at $104,399,000 after acquiring an additional 7,814 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of TTM Technologies by 575.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,831,425 shares of the technology company’s stock worth $105,490,000 after purchasing an additional 1,560,394 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

About TTM Technologies

(Get Free Report)

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.

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