TTM Technologies (NASDAQ:TTMI) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Key Points

• Needham & Company LLC has raised its target price for TTM Technologies from $56.00 to $65.00, indicating a potential upside of 19.84% from its previous close.
• The company reported a quarterly earnings per share of $0.58, which exceeded expectations and represented a 20.7% revenue increase year-over-year.
• TTM Technologies has garnered multiple "buy" ratings from analysts, with an average price target of $54.50 based on market sentiment.

TTM Technologies (NASDAQ:TTMI - Get Free Report) had its target price upped by investment analysts at Needham & Company LLC from $56.00 to $65.00 in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The brokerage presently has a "buy" rating on the technology company's stock. Needham & Company LLC's price target would suggest a potential upside of 19.84% from the company's previous close.

A number of other equities analysts have also recently commented on TTMI. Truist Financial lifted their price target on shares of TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Stifel Nicolaus upped their target price on TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Wall Street Zen upgraded TTM Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. Finally, B. Riley raised their price target on TTM Technologies from $36.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, TTM Technologies has an average rating of "Buy" and an average price target of $54.50.

TTM Technologies Price Performance

NASDAQ:TTMI opened at $54.24 on Tuesday. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 60.27 and a beta of 1.57. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 1.72. The business has a 50 day simple moving average of $45.91 and a 200-day simple moving average of $34.38. TTM Technologies has a 1 year low of $15.77 and a 1 year high of $54.46.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.06. The company had revenue of $730.62 million for the quarter, compared to analyst estimates of $668.42 million. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%.TTM Technologies's quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. Equities analysts forecast that TTM Technologies will post 1.76 EPS for the current year.

Insider Activity

In other TTM Technologies news, Director Wajid Ali purchased 5,000 shares of the stock in a transaction on Monday, August 18th. The stock was acquired at an average price of $41.75 per share, with a total value of $208,750.00. Following the completion of the acquisition, the director owned 19,024 shares in the company, valued at $794,252. The trade was a 35.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven Spoto sold 3,484 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $46.58, for a total transaction of $162,284.72. Following the transaction, the insider owned 28,649 shares in the company, valued at approximately $1,334,470.42. This trade represents a 10.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,964 shares of company stock worth $3,159,473 over the last quarter. Company insiders own 1.30% of the company's stock.

Institutional Trading of TTM Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Wyoming increased its holdings in shares of TTM Technologies by 103.3% in the fourth quarter. State of Wyoming now owns 5,708 shares of the technology company's stock valued at $141,000 after purchasing an additional 2,900 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in TTM Technologies by 34.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 176,872 shares of the technology company's stock valued at $4,378,000 after buying an additional 44,833 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in TTM Technologies in the 4th quarter worth approximately $4,632,000. Wealth Enhancement Advisory Services LLC raised its position in TTM Technologies by 4.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,949 shares of the technology company's stock worth $345,000 after buying an additional 555 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in TTM Technologies by 2,396.2% during the 1st quarter. GAMMA Investing LLC now owns 50,947 shares of the technology company's stock worth $1,045,000 after buying an additional 48,906 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

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.

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