TTM Technologies (NASDAQ:TTMI) Given New $208.00 Price Target at B. Riley Financial

TTM Technologies (NASDAQ:TTMI) had its price objective boosted by investment analysts at B. Riley Financial from $182.00 to $208.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. B. Riley Financial’s price target would indicate a potential upside of 11.73% from the stock’s previous close.

A number of other equities analysts also recently weighed in on TTMI. Needham & Company LLC upped their price target on shares of TTM Technologies from $160.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday. Truist Financial boosted their target price on TTM Technologies from $115.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TTM Technologies in a report on Monday, May 18th. Finally, Stifel Nicolaus set a $205.00 price target on TTM Technologies in a research note on Thursday. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $200.25.

TTM Technologies Stock Down 2.4%

Shares of NASDAQ TTMI traded down $4.51 during mid-day trading on Thursday, reaching $186.16. The company had a trading volume of 816,357 shares, compared to its average volume of 2,446,996. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.88. The company has a market capitalization of $19.33 billion, a price-to-earnings ratio of 101.17 and a beta of 2.11. The stock has a fifty day moving average of $132.79 and a two-hundred day moving average of $100.89. TTM Technologies has a 12-month low of $29.26 and a 12-month high of $200.68.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.09. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. The firm had revenue of $845.98 million for the quarter, compared to analyst estimates of $789.84 million. During the same quarter in the prior year, the business earned $0.50 EPS. The company’s revenue for the quarter was up 30.4% compared to the same quarter last year. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. As a group, equities research analysts expect that TTM Technologies will post 3.31 EPS for the current year.

Insiders Place Their Bets

In other TTM Technologies news, Director Thomas T. Edman sold 16,800 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $100.23, for a total transaction of $1,683,864.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake 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 acquiring an additional 60,002 shares in the last quarter. Invesco Ltd. grew its holdings in TTM Technologies by 3.5% during the fourth quarter. Invesco Ltd. now owns 4,980,091 shares of the technology company’s stock valued at $343,626,000 after purchasing an additional 166,188 shares during the last quarter. Whale Rock Capital Management LLC grew its holdings in TTM Technologies by 112.1% during the fourth quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company’s stock valued at $295,066,000 after purchasing an additional 2,260,035 shares during the last quarter. Polar Capital Holdings Plc bought a new position in shares of TTM Technologies in the third quarter valued at approximately $176,376,000. Finally, Geode Capital Management LLC raised its position in shares of TTM Technologies by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 2,667,956 shares of the technology company’s stock valued at $184,119,000 after purchasing an additional 81,588 shares during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.

About TTM Technologies

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.