Aigen Investment Management LP Takes Position in TTM Technologies, Inc. $TTMI

Key Points

• Aigen Investment Management LP invested $232,000 in TTM Technologies by purchasing 11,297 shares during the first quarter.
• TTM Technologies reported a 20.7% increase in revenue year-over-year, reaching $730.62 million, and earnings per share of $0.58 for the latest quarter.
• The company has initiated a $100 million share buyback plan, indicating management's belief that the stock is undervalued.

Aigen Investment Management LP bought a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,297 shares of the technology company's stock, valued at approximately $232,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. USA Financial Formulas raised its holdings in TTM Technologies by 119.1% in the first quarter. USA Financial Formulas now owns 2,237 shares of the technology company's stock worth $46,000 after purchasing an additional 1,216 shares in the last quarter. Sterling Capital Management LLC increased its holdings in TTM Technologies by 808.9% in the 4th quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company's stock worth $79,000 after buying an additional 2,831 shares during the period. CWM LLC increased its holdings in TTM Technologies by 14.4% in the 1st quarter. CWM LLC now owns 4,501 shares of the technology company's stock worth $92,000 after buying an additional 567 shares during the period. State of Wyoming grew its position in TTM Technologies by 103.3% during the fourth quarter. State of Wyoming now owns 5,708 shares of the technology company's stock valued at $141,000 after buying an additional 2,900 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in TTM Technologies by 227.0% during the first quarter. PNC Financial Services Group Inc. now owns 7,295 shares of the technology company's stock valued at $150,000 after buying an additional 5,064 shares during the period. Institutional investors own 95.79% of the company's stock.

Insider Activity at TTM Technologies

In related news, insider Steven Spoto sold 3,484 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $46.58, for a total value of $162,284.72. Following the transaction, the insider owned 28,649 shares in the company, valued at approximately $1,334,470.42. This trade represents a 10.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Philip Titterton sold 23,486 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $36.39, for a total transaction of $854,655.54. Following the completion of the transaction, the chief operating officer owned 123,338 shares in the company, valued at $4,488,269.82. The trade was a 16.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,568 shares of company stock worth $2,697,400. 1.30% of the stock is owned by insiders.

TTM Technologies Price Performance

Shares of NASDAQ TTMI traded down $1.33 during trading on Tuesday, hitting $40.49. 709,150 shares of the company were exchanged, compared to its average volume of 1,271,836. The firm's fifty day moving average price is $42.48 and its 200 day moving average price is $30.57. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 1.72. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 45.07 and a beta of 1.48. TTM Technologies, Inc. has a 1 year low of $15.77 and a 1 year high of $51.15.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.52 by $0.06. TTM Technologies had a net margin of 3.52% and a return on equity of 11.80%. The business had revenue of $730.62 million for the quarter, compared to analyst estimates of $668.42 million. During the same period in the previous year, the firm earned $0.39 EPS. The business's revenue for the quarter was up 20.7% compared to the same quarter last year. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. On average, sell-side analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

TTM Technologies announced that its board has authorized a share repurchase program on Friday, May 9th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the technology company to buy up to 3.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts recently weighed in on TTMI shares. Truist Financial upped their price target on shares of TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Wall Street Zen raised shares of TTM Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Stifel Nicolaus boosted their price target on shares of TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. B. Riley boosted their price target on shares of TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $56.00 price target on shares of TTM Technologies in a research note on Friday. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, TTM Technologies currently has an average rating of "Buy" and a consensus target price of $52.25.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.