Analysts Set TTM Technologies, Inc. (NASDAQ:TTMI) Target Price at $24.31

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) have received an average rating of “Buy” from the four research firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $24.31.

Several research firms have recently commented on TTMI. Needham & Company LLC upped their price target on shares of TTM Technologies from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Truist Financial restated a “buy” rating and set a $24.00 price target (up previously from $22.00) on shares of TTM Technologies in a research report on Thursday, August 1st. B. Riley upped their price target on shares of TTM Technologies from $25.50 to $27.25 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus upped their price target on shares of TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st.

Insider Activity at TTM Technologies

In related news, SVP Dale Martin Knecht sold 20,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $17.40, for a total value of $348,000.00. Following the completion of the transaction, the senior vice president now owns 81,392 shares in the company, valued at approximately $1,416,220.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Shawn A. Powers sold 7,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $20.50, for a total value of $143,500.00. Following the completion of the transaction, the executive vice president now owns 101,741 shares in the company, valued at approximately $2,085,690.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Dale Martin Knecht sold 20,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $17.40, for a total transaction of $348,000.00. Following the transaction, the senior vice president now owns 81,392 shares of the company’s stock, valued at approximately $1,416,220.80. The disclosure for this sale can be found here. Insiders sold 132,009 shares of company stock worth $2,500,659 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On TTM Technologies

Several large investors have recently made changes to their positions in TTMI. American Century Companies Inc. boosted its position in shares of TTM Technologies by 88.8% during the 2nd quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company’s stock valued at $28,745,000 after purchasing an additional 695,844 shares in the last quarter. Norges Bank bought a new position in shares of TTM Technologies during the 4th quarter valued at about $10,616,000. Hood River Capital Management LLC bought a new position in shares of TTM Technologies during the 2nd quarter valued at about $8,806,000. Archon Capital Management LLC bought a new position in shares of TTM Technologies during the 1st quarter valued at about $3,097,000. Finally, Algert Global LLC boosted its position in shares of TTM Technologies by 137.5% during the 2nd quarter. Algert Global LLC now owns 218,938 shares of the technology company’s stock valued at $4,254,000 after purchasing an additional 126,748 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

TTM Technologies Stock Down 3.9 %

Shares of NASDAQ:TTMI opened at $17.16 on Friday. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of -858.00 and a beta of 1.26. TTM Technologies has a 1-year low of $11.14 and a 1-year high of $22.70. The company’s fifty day moving average is $19.69 and its two-hundred day moving average is $17.60. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.74 and a current ratio of 2.04.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, July 31st. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. The company had revenue of $605.10 million for the quarter, compared to analysts’ expectations of $582.70 million. TTM Technologies had a net margin of 0.74% and a return on equity of 9.01%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 earnings per share. Equities analysts anticipate that TTM Technologies will post 1.31 EPS for the current year.

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.