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

TTM Technologies (NASDAQ:TTMI) had its price objective increased by B. Riley from $81.00 to $123.00 in a report released on Thursday, MarketBeat Ratings reports. They currently have a buy rating on the technology company’s stock.

A number of other analysts have also recently commented on TTMI. 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. Wall Street Zen lowered TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. Needham & Company LLC upped their price objective on TTM Technologies from $79.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Truist Financial set a $113.00 price target on shares of TTM Technologies in a research note on Wednesday, January 14th. Finally, Zacks Research downgraded TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, TTM Technologies has an average rating of “Moderate Buy” and a consensus price target of $99.00.

TTM Technologies Trading Down 2.6%

NASDAQ:TTMI opened at $95.02 on Thursday. The company has a current ratio of 1.94, a quick ratio of 1.66 and a debt-to-equity ratio of 0.54. TTM Technologies has a 1-year low of $15.77 and a 1-year high of $106.68. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of 75.41 and a beta of 1.74. The business’s 50-day moving average price is $74.79 and its two-hundred day moving average price is $59.97.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly 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. The company had revenue of $752.74 million during the quarter, compared to analysts’ expectations of $711.91 million. TTM Technologies had a return on equity of 13.21% and a net margin of 4.74%.TTM Technologies’s revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. On average, equities analysts expect that TTM Technologies will post 1.76 earnings per share for the current year.

Insiders Place Their Bets

In other TTM Technologies news, insider Robert P. Farrell sold 643 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $66.98, for a total value of $43,068.14. Following the completion of the sale, the insider owned 19,406 shares of the company’s stock, valued at $1,299,813.88. The trade was a 3.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas T. Edman sold 16,800 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $69.75, for a total value of $1,171,800.00. Following the sale, the director directly owned 804,923 shares in the company, valued at $56,143,379.25. This represents a 2.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 36,870 shares of company stock worth $2,520,245. 1.30% of the stock is currently owned by insiders.

Institutional Trading of TTM Technologies

A number of hedge funds have recently added to or reduced their stakes in TTMI. Optiver Holding B.V. increased its holdings in shares of TTM Technologies by 66.4% during the third quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock worth $25,000 after buying an additional 170 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of TTM Technologies by 448.8% during the third quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock worth $27,000 after purchasing an additional 377 shares during the last quarter. Wolff Wiese Magana LLC acquired a new position in shares of TTM Technologies in the fourth quarter valued at approximately $34,000. Salomon & Ludwin LLC acquired a new position in shares of TTM Technologies in the third quarter valued at approximately $39,000. Finally, Farther Finance Advisors LLC increased its position in TTM Technologies by 290.0% in the 4th quarter. Farther Finance Advisors LLC now owns 897 shares of the technology company’s stock valued at $62,000 after acquiring an additional 667 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.