Needham Cuts TTM Technologies (TTMI) Price Target to $150

Needham reaffirmed its Buy rating on TTM Technologies, Inc. (NASDAQ:TTMI) on October 23, 2026, while adjusting its price target down to $150.00 from $175.00. The note comes as Wall Street watches how electronic component makers navigate shifting market conditions.

TTMI TTM Technologies, Inc.

$73.89 ▲ +4.65% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Needham's Call on TTM Technologies

On October 23, 2026, Needham maintained its Buy stance on the electronic components provider. The firm lowered its price target to $150.00 from a previous target of $175.00. This follows an earlier adjustment by the firm on September 21, 2026, when it moved its target from $220.00 to $175.00.

Other Institutional Activity in TTM Technologies

Institutional investors adjusted their positions ahead of the recent updates. Whale Rock Capital Management LLC grew its holdings by 715,933 shares, ending with 4,230,575 shares worth about $312,597,184.00. Jane Street Group, LLC lifted its stake by 1,918,720 shares, finishing with 2,756,443 shares valued at roughly $203,673,571.00. Lone Pine Capital Llc increased its position by 1,369,038 shares, holding 2,738,075 shares worth approximately $202,316,360.00.

TTM Technologies, Inc. Stock Down 27.6%

TTM Technologies recently traded around $73.98 as of October 23, 2026, sitting close to its event close of $73.89 on October 22, 2026. The stock trades below its 50-day moving average of $119.82 and its 200-day moving average of $127.99. Shares sit well below their 52-week high of $223.83 while holding above their 52-week low of $55.44.

Recent Earnings

For the trailing twelve months, the company reported $3,377,085,952.00 in revenue and earnings of $2.21 per share. The firm posted a year-over-year revenue growth rate of 37.4%, alongside a net profit margin of 7.0% and a return on equity of 13.3%.

Insider Buying and Selling at TTM Technologies, Inc.

Insiders completed several transactions earlier in the year. Chief Financial Officer Daniel L Boehle disposed of 4,218 shares on June 25, 2026, valued at $881,291.00. Officer Dale Martin Knecht sold 26,198 shares at $142.00 per share on August 10, 2026, totaling $3,720,116.00. On the buying side, Director Rex D Geveden picked up 5,000 shares at $104.90 per share on August 24, 2026, worth $524,500.00. Chief Executive Officer Edwin Ph.D. Roks bought 10,000 shares at $111.77 per share on August 25, 2026, totaling $1,117,700.00.

Analysts Set New Price Targets

Analyst opinion remains broadly positive despite recent target adjustments. Truist Securities maintained a Buy rating with a $224.00 target on August 6, 2026, and later lifted its target to $231.00 on October 13, 2026. Needham also kept a Buy rating with a $220.00 target on August 18, 2026. Across the broader analyst community, the stock carries a consensus recommendation of strong buy from 5 analysts, with a mean price target of $211.00.

About TTM Technologies

Based in Santa Ana, California, TTM Technologies, Inc. manufactures and sells printed circuit boards, radio frequency components, and mission systems. It serves customers across commercial, aerospace, defense, and radio frequency markets worldwide.

Bottom Line

Needham's updated target reflects shifting expectations for the electronic components maker even as its Buy rating remains intact. Investors will look to upcoming earnings reports and institutional filings for further direction on the company's growth trajectory.