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

TTM Technologies (NASDAQ:TTMI) had its price objective raised by equities researchers at Needham & Company LLC from $208.00 to $220.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective suggests a potential upside of 1.91% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. Truist Financial boosted their target price on shares of TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Wall Street Zen cut shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. B. Riley Financial boosted their target price on shares of TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, Stifel Nicolaus upped their price objective on shares of TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to data from MarketBeat, TTM Technologies has a consensus rating of “Buy” and a consensus price target of $212.00.

TTM Technologies Price Performance

Shares of TTMI stock traded up $13.19 on Thursday, reaching $215.89. 280,376 shares of the company were exchanged, compared to its average volume of 2,435,964. The company has a market cap of $22.42 billion, a price-to-earnings ratio of 116.10 and a beta of 2.09. The business has a 50-day moving average price of $158.94 and a 200 day moving average price of $113.46. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.88. TTM Technologies has a 1 year low of $35.52 and a 1 year high of $217.29.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, April 29th. The technology company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $845.98 million during the quarter, compared to analysts’ expectations 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 previous year, the company earned $0.50 earnings per share. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. Equities research analysts forecast that TTM Technologies will post 3.7 earnings per share for the current fiscal year.

Insider Transactions at TTM Technologies

In related news, Director Thomas T. Edman sold 16,800 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $100.23, for a total transaction of $1,683,864.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of TTM Technologies

Several large investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its stake in TTM Technologies by 36.3% during the 1st quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock valued at $32,000 after acquiring an additional 87 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in TTM Technologies by 385.0% in the 1st quarter. NewEdge Advisors LLC now owns 12,581 shares of the technology company’s stock valued at $1,226,000 after purchasing an additional 9,987 shares during the last quarter. Optiver Holding B.V. boosted its holdings in TTM Technologies by 168.7% in the 1st quarter. Optiver Holding B.V. now owns 532 shares of the technology company’s stock valued at $52,000 after purchasing an additional 334 shares during the last quarter. Montchanin Asset Management LLC acquired a new position in TTM Technologies in the 1st quarter valued at about $201,000. Finally, Norris Financial Group LLC acquired a new position in TTM Technologies in the 1st quarter valued at about $4,258,000. Hedge funds and other institutional investors 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.