17,676 Shares in TTM Technologies, Inc. $TTMI Bought by Pacer Advisors Inc.

Key Points

• Pacer Advisors bought 17,676 shares of TTM Technologies valued at approximately $1.72 million, while institutional investors collectively own 95.79% of the company.
• Analysts maintain a generally positive outlook, with five Buy ratings and one Hold rating. TTM has a “Moderate Buy” consensus and an average price target of $214.25.
• TTM Technologies beat quarterly expectations with EPS of $0.99 versus the $0.89 estimate and revenue of $1 billion, up 37.4% year over year. However, company insiders sold 82,043 shares worth about $17.2 million over the past 90 days.

Pacer Advisors Inc. bought a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,676 shares of the technology company's stock, valued at approximately $1,722,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TTMI. Parallel Advisors LLC raised its holdings in TTM Technologies by 36.2% during the 1st quarter. Parallel Advisors LLC now owns 327 shares of the technology company's stock worth $32,000 after buying an additional 87 shares during the period. Signature Equity Partners LLC acquired a new position in shares of TTM Technologies in the first quarter worth about $40,000. Kestra Advisory Services LLC acquired a new position in shares of TTM Technologies in the fourth quarter worth about $30,000. Truvestments Capital LLC purchased a new position in shares of TTM Technologies in the fourth quarter worth approximately $30,000. Finally, Rakuten Securities Inc. acquired a new stake in shares of TTM Technologies during the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 95.79% of the company's stock.

Analyst Upgrades and Downgrades

TTMI has been the subject of several research analyst reports. Truist Financial upped their price target on shares of TTM Technologies from $215.00 to $224.00 and gave the company a "buy" rating in a research report on Thursday. Wall Street Zen raised shares of TTM Technologies from a "hold" rating to a "buy" rating in a research note on Saturday. B. Riley Financial increased their target price on TTM Technologies from $182.00 to $208.00 and gave the company a "buy" rating in a report on Thursday, May 28th. Zacks Research cut TTM Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. Finally, Needham & Company LLC lifted their price target on TTM Technologies from $208.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, June 18th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $214.25.

Insider Buying and Selling at TTM Technologies

In other news, SVP Dale Martin Knecht sold 6,754 shares of the company's stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $209.79, for a total value of $1,416,921.66. Following the transaction, the senior vice president directly owned 68,350 shares of the company's stock, valued at approximately $14,339,146.50. This represents a 8.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Douglas L. Soder sold 8,902 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $209.79, for a total value of $1,867,550.58. Following the sale, the executive vice president owned 208,245 shares of the company's stock, valued at approximately $43,687,718.55. This represents a 4.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 82,043 shares of company stock worth $17,191,859 over the last 90 days. 1.30% of the stock is currently owned by insiders.

TTM Technologies Stock Performance

TTMI stock opened at $137.21 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.78. The stock has a market cap of $14.46 billion, a P/E ratio of 61.81 and a beta of 2.14. The firm has a 50 day simple moving average of $161.95 and a 200 day simple moving average of $133.79. TTM Technologies, Inc. has a 52 week low of $39.20 and a 52 week high of $223.83.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.10. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $962.04 million. During the same quarter in the prior year, the business earned $0.58 EPS. The company's revenue for the quarter was up 37.4% compared to the same quarter last year. TTM Technologies has set its Q3 2026 guidance at 1.210-1.270 EPS. Research analysts anticipate that TTM Technologies, Inc. will post 3.63 earnings per share for the current fiscal year.

TTM Technologies Company Profile

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company's product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.

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