Alliancebernstein L.P. Has $19.29 Million Stake in TTM Technologies, Inc. $TTMI

Key Points

• Alliancebernstein L.P. has reduced its stake in TTM Technologies by 36.4%, selling 538,699 shares and holding a total of approximately $19.3 million worth of the company’s stock.
• Significant increases in stock positions have been reported by other hedge funds, including GAMMA Investing LLC's stake increasing by 2,396.2% during the same period.
• TTM Technologies reported a 20.7% increase in quarterly revenue year-over-year, with earnings per share surpassing analyst expectations at $0.58.

Alliancebernstein L.P. reduced its stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 36.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 940,437 shares of the technology company's stock after selling 538,699 shares during the period. Alliancebernstein L.P. owned approximately 0.93% of TTM Technologies worth $19,288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of TTMI. Nuveen LLC bought a new stake in TTM Technologies in the first quarter valued at $31,763,000. Cubist Systematic Strategies LLC grew its holdings in shares of TTM Technologies by 1,070.1% in the 1st quarter. Cubist Systematic Strategies LLC now owns 470,679 shares of the technology company's stock worth $9,654,000 after purchasing an additional 430,453 shares during the last quarter. Emerald Advisers LLC boosted its holdings in shares of TTM Technologies by 34.3% in the 1st quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company's stock worth $29,533,000 after acquiring an additional 367,798 shares in the last quarter. Invesco Ltd. increased its holdings in TTM Technologies by 35.3% during the 1st quarter. Invesco Ltd. now owns 1,357,707 shares of the technology company's stock valued at $27,847,000 after purchasing an additional 354,342 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its position in TTM Technologies by 52.2% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 886,701 shares of the technology company's stock valued at $18,186,000 after purchasing an additional 304,176 shares during the last quarter. Institutional investors own 95.79% of the company's stock.

Insider Transactions at TTM Technologies

In other news, EVP Catherine A. Gridley sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $44.31, for a total value of $886,200.00. Following the completion of the sale, the executive vice president directly owned 81,986 shares of the company's stock, valued at $3,632,799.66. This trade represents a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Wajid Ali bought 5,000 shares of TTM Technologies stock in a transaction dated Monday, August 18th. The shares were acquired at an average price of $41.75 per share, with a total value of $208,750.00. Following the completion of the purchase, the director directly owned 19,024 shares in the company, valued at $794,252. This trade represents a 35.65% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 100,759 shares of company stock valued at $4,136,826. Company insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Truist Financial boosted their price objective on TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Needham & Company LLC reiterated a "buy" rating and issued a $56.00 target price on shares of TTM Technologies in a report on Friday, August 15th. Wall Street Zen raised shares of TTM Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday. B. Riley boosted their price objective on TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Finally, Stifel Nicolaus raised their target price on shares of TTM Technologies from $40.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $52.25.

TTM Technologies Stock Up 1.8%

TTMI traded up $0.87 during trading on Tuesday, reaching $50.27. 1,947,386 shares of the stock were exchanged, compared to its average volume of 1,903,731. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.72 and a current ratio of 2.03. The stock's 50 day moving average price is $45.27 and its two-hundred day moving average price is $33.49. TTM Technologies, Inc. has a twelve month low of $15.77 and a twelve month high of $51.15. The stock has a market cap of $5.19 billion, a P/E ratio of 55.86 and a beta of 1.57.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.06. The company had revenue of $730.62 million during the quarter, compared to the consensus estimate of $668.42 million. TTM Technologies had a net margin of 3.52% and a return on equity of 11.80%. The company's quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. Equities analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current year.

TTM Technologies Company Profile

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.