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

TTM Technologies (NASDAQ:TTMI) had its price target upped by Needham & Company LLC from $105.00 to $125.00 in a research report report published on Thursday morning, MarketBeat reports. They currently have a buy rating on the technology company’s stock.

A number of other analysts have also recently issued reports on TTMI. B. Riley lifted 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. Wall Street Zen downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 19th. Truist Financial set a $113.00 price target on TTM Technologies in a report on Wednesday, January 14th. Weiss Ratings restated a “buy (b-)” rating on shares of TTM Technologies in a report on Wednesday, January 21st. Finally, Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat, TTM Technologies currently has an average rating of “Buy” and a consensus price target of $117.25.

TTM Technologies Price Performance

NASDAQ TTMI opened at $92.58 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.94 and a quick ratio of 1.66. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 54.78 and a beta of 1.75. The company has a 50 day simple moving average of $80.83 and a 200-day simple moving average of $63.18. TTM Technologies has a 52-week low of $15.77 and a 52-week high of $111.00.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. The firm had revenue of $763.53 million for the quarter, compared to analyst estimates of $752.96 million. TTM Technologies had a net margin of 6.11% and a return on equity of 13.54%. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. Equities research analysts predict that TTM Technologies will post 1.76 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Robert P. Farrell sold 643 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $66.98, for a total transaction of $43,068.14. Following the completion of the sale, the insider directly owned 19,406 shares of the company’s stock, valued at approximately $1,299,813.88. This represents a 3.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John G. Mayer sold 9,167 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $68.13, for a total transaction of $624,547.71. Following the completion of the transaction, the director owned 165,140 shares in the company, valued at $11,250,988.20. The trade was a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 49,194 shares of company stock valued at $3,828,510. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On TTM Technologies

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position 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 worth $757,789,000 after purchasing an additional 60,002 shares during the last quarter. Invesco Ltd. increased its position in TTM Technologies by 127.7% in the 3rd quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock worth $277,281,000 after buying an additional 2,699,494 shares during the period. Polar Capital Holdings Plc bought a new position in TTM Technologies in the 3rd quarter worth approximately $176,376,000. Geode Capital Management LLC lifted its holdings in shares of TTM Technologies by 0.3% during the second quarter. Geode Capital Management LLC now owns 2,557,256 shares of the technology company’s stock worth $104,399,000 after buying an additional 7,814 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of TTM Technologies by 575.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,831,425 shares of the technology company’s stock valued at $105,490,000 after acquiring an additional 1,560,394 shares during the period. 95.79% of the stock is currently owned by institutional investors.

Key Headlines Impacting TTM Technologies

Here are the key news stories impacting TTM Technologies this week:

• Positive Sentiment: TTM posted a Q4 earnings beat and record EPS with revenue up ~19% year-over-year, driven by strength in Commercial and Aerospace & Defense — the underlying results and growth narrative are the primary bullish catalyst. TTMI Q4 Earnings & Revenues Surpass Estimates
• Positive Sentiment: The company set Q1 FY2026 guidance above Street expectations (EPS $0.640–0.700 vs. consensus ~$0.57 and revenue guidance ~$770M–$810M vs. ~$739M expected), supporting forward visibility. Press Release / Slide Deck
• Positive Sentiment: Analysts reacted by lifting targets and reiterating buys — Needham raised its price target (recently to $125) and other firms bumped targets — adding technical momentum and buy-side interest. Analyst Price Target Raises
• Positive Sentiment: Coverage and press emphasized AI-driven demand for advanced PCBs and related services as a growth theme, which likely amplified the stock’s rally on positive results. AI Demand Fuels Record Earnings
• Neutral Sentiment: Full earnings call and transcript are available for details on bookings, end‑market strength and margin drivers; investors can review management commentary for clues on sustainability. Earnings Call Transcript
• Negative Sentiment: An insider (director Thomas Edman) sold 16,800 shares in early February — a disclosed sale that some traders may interpret as a signal to take profits after the post‑earnings run. SEC Filing: Insider Sale

TTM Technologies Company Profile

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.