Analysts Set TTM Technologies, Inc. (NASDAQ:TTMI) Target Price at $117.25

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) have been given a consensus recommendation of “Buy” by the six brokerages that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $117.25.

TTMI has been the topic of several analyst reports. Needham & Company LLC lifted their price target on shares of TTM Technologies from $105.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Zacks Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Weiss Ratings raised shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Truist Financial set a $113.00 price target on TTM Technologies in a research note on Wednesday, January 14th. Finally, B. Riley Financial boosted their price objective on TTM Technologies from $81.00 to $123.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd.

TTM Technologies Stock Up 10.3%

TTMI opened at $97.42 on Wednesday. The firm’s 50 day simple moving average is $98.19 and its two-hundred day simple moving average is $77.67. The company has a market capitalization of $10.12 billion, a PE ratio of 57.64 and a beta of 1.74. TTM Technologies has a 1-year low of $15.77 and a 1-year high of $113.46. The company has a current ratio of 1.93, a quick ratio of 1.67 and a debt-to-equity ratio of 0.52.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. TTM Technologies had a net margin of 6.11% and a return on equity of 13.30%. The firm had revenue of $763.53 million during the quarter, compared to the consensus estimate of $752.96 million. During the same quarter in the previous year, the firm posted $0.60 EPS. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. As a group, equities analysts forecast that TTM Technologies will post 1.76 EPS for the current year.

Insider Activity at TTM Technologies

In related news, EVP Daniel J. Weber sold 12,000 shares of TTM Technologies stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $93.88, for a total transaction of $1,126,560.00. Following the sale, the executive vice president owned 94,621 shares of the company’s stock, valued at approximately $8,883,019.48. This trade represents a 11.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas T. Edman sold 16,800 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $101.62, for a total value of $1,707,216.00. Following the completion of the transaction, the director owned 855,171 shares of the company’s stock, valued at $86,902,477.02. The trade was a 1.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 105,150 shares of company stock valued at $9,900,522. 1.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On TTM Technologies

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of TTM Technologies by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 13,156,053 shares of the technology company’s stock valued at $757,789,000 after purchasing an additional 60,002 shares during the last quarter. Invesco Ltd. grew its position in shares of 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 in the last quarter. Whale Rock Capital Management LLC increased its holdings in shares of TTM Technologies by 112.1% in the fourth quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company’s stock worth $295,066,000 after purchasing an additional 2,260,035 shares during the last quarter. Polar Capital Holdings Plc bought a new stake in shares of TTM Technologies in the third quarter worth about $176,376,000. Finally, Geode Capital Management LLC lifted 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 worth $184,119,000 after buying an additional 81,588 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

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.