TTM Technologies (NASDAQ:TTMI) Earns Buy Rating from Needham & Company LLC

TTM Technologies (NASDAQ:TTMI)‘s stock had its “buy” rating reaffirmed by research analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $208.00 price objective on the technology company’s stock. Needham & Company LLC’s price objective indicates a potential upside of 20.85% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Truist Financial increased their price target on TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday, May 18th. Stifel Nicolaus raised their target price on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. B. Riley Financial raised their target price on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. One equities research 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.com, TTM Technologies has a consensus rating of “Buy” and an average price target of $209.00.

TTM Technologies Trading Down 1.0%

Shares of NASDAQ:TTMI opened at $172.12 on Thursday. The company has a market capitalization of $17.87 billion, a P/E ratio of 93.04 and a beta of 2.09. TTM Technologies has a 1 year low of $35.01 and a 1 year high of $200.68. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.61. The business’s 50 day simple moving average is $148.84 and its 200 day simple moving average is $108.81.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, April 29th. The technology company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $845.98 million for the quarter, compared to the consensus estimate of $789.84 million. TTM Technologies had a return on equity of 13.70% and a net margin of 6.29%.The company’s revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. On average, research analysts anticipate that TTM Technologies will post 3.7 EPS for the current fiscal year.

Insider Activity at TTM Technologies

In other TTM Technologies news, Director Thomas T. Edman sold 16,800 shares of TTM Technologies stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $100.23, for a total transaction of $1,683,864.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TTM Technologies

A number of hedge funds have recently added to or reduced their stakes in TTMI. Parallel Advisors LLC lifted its position in shares of TTM Technologies by 36.3% during the 1st quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock worth $32,000 after buying an additional 87 shares in the last quarter. Lido Advisors LLC lifted its position in shares of TTM Technologies by 1.5% during the 4th quarter. Lido Advisors LLC now owns 8,013 shares of the technology company’s stock worth $553,000 after buying an additional 116 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in shares of TTM Technologies by 4.5% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 3,289 shares of the technology company’s stock worth $320,000 after buying an additional 142 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of TTM Technologies by 12.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,347 shares of the technology company’s stock worth $131,000 after buying an additional 150 shares in the last quarter. Finally, Tocqueville Asset Management L.P. lifted its position in shares of TTM Technologies by 0.8% during the 4th quarter. Tocqueville Asset Management L.P. now owns 18,858 shares of the technology company’s stock worth $1,301,000 after buying an additional 158 shares in the last quarter. 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.