Fintel reports that on June 1, 2023, Needham reiterated coverage of TTM Technologies (NASDAQ:TTMI) with a Buy recommendation.
Analyst Price Forecast Suggests 13.07% Upside
As of May 11, 2023, the average one-year price target for TTM Technologies is 15.49. The forecasts range from a low of 12.12 to a high of $21.79. The average price target represents an increase of 13.07% from its latest reported closing price of 13.70.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for TTM Technologies is 2,737MM, an increase of 11.34%. The projected annual non-GAAP EPS is 1.68.
What is the Fund Sentiment?
There are 539 funds or institutions reporting positions in TTM Technologies. This is a decrease of 18 owner(s) or 3.23% in the last quarter. Average portfolio weight of all funds dedicated to TTMI is 0.18%, a decrease of 10.78%. Total shares owned by institutions increased in the last three months by 1.16% to 129,156K shares. 
The put/call ratio of TTMI is 1.37, indicating a bearish outlook.
What are Other Shareholders Doing?
Thrivent Financial For Lutherans holds 8,849K shares representing 8.63% ownership of the company. In it's prior filing, the firm reported owning 7,684K shares, representing an increase of 13.17%. The firm increased its portfolio allocation in TTMI by 96,853.36% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 7,433K shares representing 7.25% ownership of the company. In it's prior filing, the firm reported owning 7,574K shares, representing a decrease of 1.89%. The firm decreased its portfolio allocation in TTMI by 14.70% over the last quarter.
Macquarie Group holds 5,688K shares representing 5.54% ownership of the company. In it's prior filing, the firm reported owning 5,665K shares, representing an increase of 0.40%. The firm decreased its portfolio allocation in TTMI by 25.38% over the last quarter.
DEVLX - Delaware Small Cap Value Fund holds 4,034K shares representing 3.93% ownership of the company. In it's prior filing, the firm reported owning 4,101K shares, representing a decrease of 1.66%. The firm decreased its portfolio allocation in TTMI by 16.02% over the last quarter.
AASMX - Thrivent Small Cap Stock Fund holds 3,620K shares representing 3.53% ownership of the company. In it's prior filing, the firm reported owning 3,377K shares, representing an increase of 6.69%. The firm decreased its portfolio allocation in TTMI by 5.35% over the last quarter.
TTM Technologies Background Information
(This description is provided by the company.)
TTM Technologies, Inc. is a leading global printed circuit board manufacturer, focusing on quick-turn and volume production of technologically advanced PCBs and backplane assemblies as well as a global designer and manufacturer of high-frequency radio frequency (RF) and microwave components and assemblies. TTM stands for time-to-market, representing how TTM's time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market.
Key filings for this company:
This story originally appeared on Fintel.
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