B. Riley Increases TTM Technologies (NASDAQ:TTMI) Price Target to $50.00

TTM Technologies (NASDAQ:TTMI - Free Report) had its target price hoisted by B. Riley from $36.00 to $50.00 in a report released on Thursday,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 research analysts have also recently issued reports on the company. Truist Financial lifted their price objective on TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a report on Monday, July 7th. Needham & Company LLC lifted their price objective on TTM Technologies from $35.00 to $43.00 and gave the company a "buy" rating in a report on Friday, June 20th. Stifel Nicolaus restated a "buy" rating and issued a $40.00 target price (up from $33.00) on shares of TTM Technologies in a research note on Monday, June 16th. Finally, Wall Street Zen lowered TTM Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, TTM Technologies currently has a consensus rating of "Buy" and a consensus target price of $45.25.

TTM Technologies Stock Performance

TTMI stock traded down $1.19 during midday trading on Thursday, hitting $45.03. 2,968,928 shares of the company traded hands, compared to its average volume of 914,090. 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 has a twelve month low of $15.77 and a twelve month high of $47.63. The business has a 50 day simple moving average of $35.93 and a 200-day simple moving average of $27.47. The company has a quick ratio of 1.75, a current ratio of 2.07 and a debt-to-equity ratio of 0.58.

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

TTM Technologies announced that its Board of Directors has approved a share buyback program on Friday, May 9th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 3.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Transactions at TTM Technologies

In other news, insider Tom Clapprood sold 10,000 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $29.50, for a total transaction of $295,000.00. Following the completion of the transaction, the insider directly owned 34,037 shares in the company, valued at approximately $1,004,091.50. The trade was a 22.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel J. Weber sold 20,170 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $29.51, for a total value of $595,216.70. Following the transaction, the executive vice president owned 74,983 shares of the company's stock, valued at $2,212,748.33. The trade was a 21.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 108,226 shares of company stock valued at $3,504,492. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TTM Technologies

Institutional investors have recently modified their holdings of the stock. Northern Trust Corp grew its position in shares of TTM Technologies by 7.8% during the 4th quarter. Northern Trust Corp now owns 1,159,576 shares of the technology company's stock worth $28,700,000 after buying an additional 84,137 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of TTM Technologies by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 507,745 shares of the technology company's stock valued at $10,414,000 after purchasing an additional 13,299 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of TTM Technologies by 0.5% during the 1st quarter. New York State Teachers Retirement System now owns 110,577 shares of the technology company's stock valued at $2,268,000 after purchasing an additional 567 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of TTM Technologies by 2,396.2% during the 1st quarter. GAMMA Investing LLC now owns 50,947 shares of the technology company's stock valued at $1,045,000 after purchasing an additional 48,906 shares in the last quarter. Finally, Emerald Advisers LLC lifted its holdings in shares of TTM Technologies by 34.3% during the 1st quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company's stock valued at $29,533,000 after purchasing an additional 367,798 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

About TTM Technologies

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.