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

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

Several other brokerages have also commented on TTMI. Truist Financial raised their price target on shares of TTM Technologies from $115.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Needham & Company LLC increased their price objective on TTM Technologies from $160.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday. Zacks Research downgraded TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday, May 18th. Finally, Stifel Nicolaus set a $205.00 price target on TTM Technologies in a report on Thursday. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $200.25.

TTM Technologies Stock Performance

NASDAQ TTMI traded down $4.51 during trading hours on Thursday, hitting $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 quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 0.50. The firm has a market cap of $19.33 billion, a P/E ratio of 101.17 and a beta of 2.11. TTM Technologies has a fifty-two week low of $29.26 and a fifty-two week high of $200.68. The business has a fifty day simple moving average of $132.79 and a 200-day simple moving average of $100.89.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. The business had revenue of $845.98 million during the quarter, compared to analyst estimates of $789.84 million. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. The company’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. Equities analysts predict 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 stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $100.23, for a total transaction of $1,683,864.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

Institutional Trading of TTM Technologies

Several institutional investors have recently modified their holdings of TTMI. Horizon Investment Services LLC raised its holdings in TTM Technologies by 255.7% during the 3rd quarter. Horizon Investment Services LLC now owns 27,570 shares of the technology company’s stock worth $1,588,000 after buying an additional 19,820 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of TTM Technologies in the fourth quarter worth about $668,000. Navellier & Associates Inc. acquired a new position in shares of TTM Technologies in the third quarter worth about $3,271,000. Lisanti Capital Growth LLC increased its position in shares of TTM Technologies by 142.2% in the third quarter. Lisanti Capital Growth LLC now owns 92,107 shares of the technology company’s stock worth $5,305,000 after acquiring an additional 54,072 shares in the last quarter. Finally, Independent Advisor Alliance acquired a new stake in shares of TTM Technologies during the third quarter valued at approximately $5,080,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

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.