Needham Reiterates Buy Rating for TTM Technologies, Inc.

Needham has reiterated its buy rating for TTM Technologies, Inc. (NasdaqGS: TTMI) with a price target of $220. Analyst James Ricchiuti reaffirmed the rating on June 18, 2026, highlighting the company's potential in the technology sector.

Other Institutional Activity in TTM Technologies

Several institutional investors have been active in TTM Technologies recently. BlackRock, Inc. reduced its holdings by 2,770,056 shares, ending with 13,637,758 shares valued at approximately $1.33 billion. Vanguard Portfolio Management LLC initiated a new position, acquiring 6,397,969 shares worth about $623.29 million. Invesco Ltd. added 199,424 shares, bringing its total to 5,179,515 shares valued at $504.59 million. Meanwhile, Dimensional Fund Advisors LP trimmed its stake by 879,747 shares, now holding 4,311,094 shares valued at $419.92 million.

TTM Technologies, Inc. Stock Snapshot

Shares of TTM Technologies traded at $214.63. The company has a market capitalization of approximately $21.05 billion and a P/E ratio of 110.16, with a forward P/E of 37.54. Its beta stands at 2.11, indicating higher volatility compared to the market. Over the past year, the stock has ranged from $35.52 to $209.37. The 50-day moving average is $159.48, and the 200-day moving average is $97.07. The company maintains a current ratio of 1.89 and a quick ratio of 1.52, with a debt-to-equity ratio of 57.1.

Recent Earnings

TTM Technologies reported revenue of $3.10 billion, with a revenue growth of 30.4%. The company posted an EPS of $1.84, and its net margin was 6.29%. The return on equity was 11.40%. The next earnings report is expected on July 29, 2026.

Insider Buying and Selling at TTM Technologies, Inc.

Recent insider activity at TTM Technologies included several purchases in early May 2026. Ryan McCarthy and Daniel Korte each bought 1,358 shares on May 7, while Julie Spicer England, Chantel Lenard, Pamela Jackson, and Wajid Ali each acquired 1,811 shares on May 6. These transactions were not part of a pre-planned trading program.

Analysts Set New Price Targets

On June 18, 2026, Needham maintained its buy rating with a $220 price target. Other analysts, including Stifel and Truist Securities, have also maintained buy ratings with targets of $205 and $215, respectively. The consensus among analysts is a strong buy, with a mean target price of $209 based on four analyst opinions.

About TTM Technologies, Inc.

TTM Technologies, Inc., based in Santa Ana, California, is a leading manufacturer of electronic components. The company specializes in mission systems, RF components, microwave assemblies, and printed circuit boards. It operates in the aerospace, defense, data center computing, automotive, and medical industries, among others. Led by CEO Dr. Edwin Roks, TTM employs around 18,200 people and serves a diverse range of markets globally.

Bottom Line

TTM Technologies, Inc. continues to attract attention from analysts and investors. Needham's reaffirmation of its buy rating and a $220 price target reflects confidence in the company's growth prospects. While the stock's recent performance has been strong, investors should note that 13F filings and analyst ratings are backward-looking and may not reflect current conditions.