B. Riley Forecasts Strong Price Appreciation for TTM Technologies (NASDAQ:TTMI) Stock

TTM Technologies (NASDAQ:TTMI - Free Report) had its price objective boosted by B. Riley from $36.00 to $50.00 in a report released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the technology company's stock. B. Riley also issued estimates for TTM Technologies' Q4 2026 earnings at $0.60 EPS, Q4 2026 earnings at $0.60 EPS and FY2026 earnings at $2.11 EPS.

A number of other analysts also recently commented on TTMI. Needham & Company LLC boosted their target price on TTM Technologies from $35.00 to $43.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Wall Street Zen downgraded TTM Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th. Stifel Nicolaus reiterated a "buy" rating and set a $40.00 target price (up from $33.00) on shares of TTM Technologies in a research report on Monday, June 16th. Finally, Truist Financial boosted their target price on TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $45.25.

TTM Technologies Price Performance

NASDAQ TTMI traded down $1.19 during mid-day trading on Thursday, hitting $45.03. The stock had a trading volume of 2,968,928 shares, compared to its average volume of 913,382. The firm's 50 day moving average is $36.29 and its 200 day moving average is $27.65. TTM Technologies has a twelve month low of $15.77 and a twelve month high of $47.63. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.07 and a quick ratio of 1.75. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 60.04 and a beta of 1.46.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.11. TTM Technologies had a return on equity of 10.75% and a net margin of 3.09%. The business had revenue of $648.67 million during the quarter, compared to analysts' expectations of $621.44 million. During the same period in the prior year, the business posted $0.28 EPS. The company's revenue was up 13.8% compared to the same quarter last year. Equities research analysts forecast that TTM Technologies will post 1.76 earnings per share for the current fiscal year.

TTM Technologies announced that its board has authorized a stock repurchase plan on Friday, May 9th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 3.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In related news, SVP Dale Martin Knecht sold 7,487 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $39.01, for a total transaction of $292,067.87. Following the sale, the senior vice president directly owned 59,947 shares in the company, valued at $2,338,532.47. This represents a 11.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Douglas L. Soder sold 24,972 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $30.00, for a total value of $749,160.00. Following the sale, the executive vice president owned 173,026 shares in the company, valued at approximately $5,190,780. This trade represents a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 108,226 shares of company stock worth $3,504,492. Insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Proficio Capital Partners LLC acquired a new stake in TTM Technologies during the 4th quarter worth $295,000. Raymond James Financial Inc. acquired a new stake in TTM Technologies during the 4th quarter worth $3,289,000. Swiss National Bank raised its stake in shares of TTM Technologies by 0.9% in the 4th quarter. Swiss National Bank now owns 200,500 shares of the technology company's stock valued at $4,962,000 after purchasing an additional 1,700 shares during the period. Cibc World Markets Corp acquired a new stake in shares of TTM Technologies in the 4th quarter valued at about $234,000. Finally, Teacher Retirement System of Texas raised its stake in shares of TTM Technologies by 21.9% in the 4th quarter. Teacher Retirement System of Texas now owns 76,291 shares of the technology company's stock valued at $1,888,000 after purchasing an additional 13,690 shares during the period. Institutional investors and hedge funds own 95.79% of the company's stock.

TTM Technologies Company Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.