TTM Technologies, Inc. (NASDAQ:TTMI) Stock Has Average Price Target of $203.00 According to Analysts

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) have earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $204.75.

Several equities research analysts have recently commented on TTMI shares. Wall Street Zen lowered TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 30th. Needham & Company LLC dropped their price objective on TTM Technologies from $220.00 to $175.00 and set a “buy” rating for the company in a research note on Monday, September 21st. Truist Financial lifted their price objective on TTM Technologies from $224.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday. Zacks Research downgraded TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Weiss Ratings lowered TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th.

Key TTM Technologies News

Here are the key news stories impacting TTM Technologies this week:

• Positive Sentiment: TTM announced an additional $400 million investment to expand advanced PCB and interconnect capacity at four facilities in China and its Penang, Malaysia plant. The brownfield expansion is intended to bring AI-focused production online faster and capitalize on rising demand from data centers, hyperscalers and networking customers. TTM Technologies Boosts AI-Focused Manufacturing Capacity Investments
• Positive Sentiment: The company’s defense business also provides a longer-term growth cushion, with a reported $1.7 billion backlog and a pipeline exceeding $7 billion. Advanced manufacturing investments and sustained defense demand could support revenue visibility beyond the current AI spending cycle. TTMI’s Defense Pipeline Strengthens: Is Long-Term Growth Ahead?
• Neutral Sentiment: The $400 million plan is incremental to TTM’s previously disclosed $1.2 billion 2025–2029 investment commitment. Management expects strong customer demand and plans to provide further details during its third-quarter 2026 earnings call, but investors are awaiting clearer information on timing, returns and funding.
• Negative Sentiment: Investors appear concerned that the accelerated spending will pressure near-term cash flow and raise execution risk. Although the investments could increase future capacity and revenue, demand forecasts may not translate into immediate returns, particularly if AI infrastructure spending moderates. TTM Technologies Sinks on $400 Million China Spending Plan
• Negative Sentiment: The concentration of new capacity in China and Malaysia adds geopolitical, supply-chain and customer-dependence concerns. Those risks, along with the company’s already elevated valuation, helped weaken the immediate bull-case narrative despite strong potential growth. TTM Technologies Is Down After Accelerating AI-Focused Capacity Expansion

TTM Technologies Price Performance

TTM Technologies stock opened at $116.10 on Friday. TTM Technologies has a one year low of $53.36 and a one year high of $223.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.54 and a current ratio of 1.78. The business has a fifty day moving average of $123.74 and a two-hundred day moving average of $142.13. The company has a market cap of $12.23 billion, a P/E ratio of 52.30 and a beta of 2.14.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.10. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $962.04 million. During the same period in the prior year, the company posted $0.58 EPS. The business’s revenue for the quarter was up 37.4% on a year-over-year basis. As a group, analysts predict that TTM Technologies will post 4.26 earnings per share for the current fiscal year.

Insider Buying and Selling at TTM Technologies

In other news, CEO Edwin Roks purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was acquired at an average price of $111.77 per share, with a total value of $1,117,700.00. Following the purchase, the chief executive officer directly owned 64,814 shares of the company’s stock, valued at $7,244,260.78. This represents a 18.24% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Dale Knecht sold 26,198 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $142.00, for a total transaction of $3,720,116.00. Following the completion of the sale, the senior vice president owned 40,138 shares in the company, valued at $5,699,596. This represents a 39.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On TTM Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of TTM Technologies during the 2nd quarter worth approximately $2,053,347,000. Wellington Management Group LLP lifted its stake in TTM Technologies by 61.9% in the 2nd quarter. Wellington Management Group LLP now owns 2,268,404 shares of the technology company’s stock valued at $424,237,000 after buying an additional 867,255 shares in the last quarter. Atalan Capital Partners LP acquired a new stake in TTM Technologies during the 2nd quarter valued at $189,234,000. Arrowstreet Capital Limited Partnership grew its holdings in TTM Technologies by 22.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,237,627 shares of the technology company’s stock valued at $154,396,000 after buying an additional 406,202 shares during the last quarter. Finally, Castle Hook Partners LP acquired a new stake in TTM Technologies during the 4th quarter valued at $133,351,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

About TTM Technologies

TTM Technologies, Inc is a manufacturer of technology solutions for the electronics industry. The company primarily produces printed circuit boards, including rigid, flexible, rigid-flex and high-density interconnect boards, as well as specialized radio-frequency and microwave components and assemblies.

TTM’s products and services support applications that require complex electronic circuitry and high reliability. Its customers operate in markets such as aerospace and defense, data-center computing, automotive, medical, industrial and instrumentation, and networking and communications.