Needham & Company LLC Issues Positive Forecast for TTM Technologies (NASDAQ:TTMI) Stock Price

TTM Technologies (NASDAQ:TTMI) had its price objective boosted by Needham & Company LLC from $77.00 to $79.00 in a research report issued to clients and 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 suggest a potential upside of 16.40% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus raised their target price on TTM Technologies from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Wall Street Zen lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 19th. B. Riley reiterated a “buy” rating on shares of TTM Technologies in a research report on Thursday, October 30th. Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $65.50.

TTM Technologies Stock Performance

Shares of TTMI stock opened at $67.87 on Wednesday. The company has a market cap of $7.01 billion, a P/E ratio of 53.87 and a beta of 1.66. The business has a 50 day moving average of $57.00 and a two-hundred day moving average of $44.57. TTM Technologies has a 52 week low of $15.77 and a 52 week high of $71.29. 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 (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $752.74 million for the quarter, compared to analysts’ expectations of $711.91 million. TTM Technologies had a return on equity of 13.43% and a net margin of 4.74%.The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. As a group, analysts anticipate that TTM Technologies will post 1.76 EPS for the current year.

Insider Activity at TTM Technologies

In other TTM Technologies news, insider Robert P. Farrell sold 3,476 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,402,449.78. This trade represents a 14.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Wajid Ali purchased 5,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the director directly owned 19,024 shares in the company, valued at $794,252. This represents a 35.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have sold 52,469 shares of company stock worth $2,341,471. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TTM Technologies

Institutional investors have recently added to or reduced their stakes in the company. Optiver Holding B.V. increased its position in shares of TTM Technologies by 66.4% during the 3rd quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock valued at $25,000 after purchasing an additional 170 shares during the period. Bessemer Group Inc. boosted its stake in TTM Technologies by 448.8% during the third quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock valued at $27,000 after buying an additional 377 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in TTM Technologies during the third quarter worth about $39,000. Quarry LP boosted its holdings in TTM Technologies by 249.9% during the first quarter. Quarry LP now owns 2,110 shares of the technology company’s stock worth $43,000 after buying an additional 1,507 shares in the last quarter. Finally, Concord Wealth Partners acquired a new stake in shares of TTM Technologies during the second quarter worth $47,000. 95.79% of the stock is currently 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.