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Needham Keeps Their Buy Rating on TTM Technologies (TTMI)

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Needham analyst James Ricchiuti maintained a Buy rating on TTM Technologies (TTMIResearch Report) today and set a price target of $16.00. The company’s shares closed last Wednesday at $14.33.

According to TipRanks.com, Ricchiuti is a top 100 analyst with an average return of 24.4% and a 63.7% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Teledyne Technologies, Benchmark Electronics, and Zebra Tech.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TTM Technologies with a $16.00 average price target.

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TTM Technologies’ market cap is currently $1.47B and has a P/E ratio of 18.75.

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TTM Technologies, Inc. engages in the manufacture and sale of printed circuit boards and backplane assemblies. It operates through the following segments: Printed Circuit Board and Electro-Mechanical Solutions. It offers products such as backplanes, system integration, chassis assemblies, integrated circuit substrates and chips, and engineering services. The company was founded on March 20, 1978 and is headquartered in Santa Ana, CA.

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