TTM Technologies, Inc. $TTMI Shares Purchased by AlphaQuest LLC

Key Points

• AlphaQuest LLC significantly increased its holdings in TTM Technologies by 891.3% to a total of 22,660 shares valued at $465,000 during the first quarter.
• TTM Technologies received positive analysts' attention with several upgrades, including an increase in target prices to as high as $56.00 from various firms, indicating a consensus "buy" rating.
• TTM Technologies reported an earnings per share (EPS) of $0.58 for its last quarter, exceeding estimates, and announced a $100 million share buyback plan suggesting confidence in its stock valuation.

AlphaQuest LLC lifted its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 891.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,660 shares of the technology company's stock after purchasing an additional 20,374 shares during the quarter. AlphaQuest LLC's holdings in TTM Technologies were worth $465,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. USA Financial Formulas grew its position in TTM Technologies by 119.1% during the first quarter. USA Financial Formulas now owns 2,237 shares of the technology company's stock worth $46,000 after buying an additional 1,216 shares in the last quarter. CWM LLC raised its position in TTM Technologies by 14.4% during the 1st quarter. CWM LLC now owns 4,501 shares of the technology company's stock valued at $92,000 after purchasing an additional 567 shares during the last quarter. State of Wyoming raised its position in TTM Technologies by 103.3% during the 4th quarter. State of Wyoming now owns 5,708 shares of the technology company's stock valued at $141,000 after purchasing an additional 2,900 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of TTM Technologies by 227.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,295 shares of the technology company's stock worth $150,000 after acquiring an additional 5,064 shares in the last quarter. Finally, Group One Trading LLC bought a new position in shares of TTM Technologies in the 4th quarter worth approximately $200,000. 95.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. B. Riley increased their target price on TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Truist Financial increased their price target on TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a report on Monday, July 7th. Needham & Company LLC reissued a "buy" rating and set a $56.00 price target on shares of TTM Technologies in a report on Friday, August 15th. Stifel Nicolaus increased their price target on TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Wall Street Zen raised TTM Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, TTM Technologies presently has a consensus rating of "Buy" and an average price target of $52.25.

TTM Technologies Price Performance

NASDAQ:TTMI traded down $2.33 on Friday, reaching $44.57. 1,513,766 shares of the company's stock traded hands, compared to its average volume of 2,254,877. The company has a quick ratio of 1.72, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The stock has a 50-day simple moving average of $43.72 and a 200-day simple moving average of $31.62. The firm has a market cap of $4.60 billion, a PE ratio of 49.52 and a beta of 1.48. TTM Technologies, Inc. has a 12 month low of $15.77 and a 12 month high of $51.15.

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

TTM Technologies declared that its Board of Directors has approved a share repurchase program on Friday, May 9th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 3.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Insider Activity

In related news, insider Robert P. Farrell sold 1,500 shares of the business's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $46.69, for a total transaction of $70,035.00. Following the completion of the transaction, the insider owned 23,822 shares in the company, valued at $1,112,249.18. The trade was a 5.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Catherine A. Gridley sold 20,000 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $44.31, for a total value of $886,200.00. Following the transaction, the executive vice president owned 81,986 shares of the company's stock, valued at approximately $3,632,799.66. The trade was a 19.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 109,561 shares of company stock worth $4,437,320 in the last three months. Corporate insiders own 1.30% of the company's stock.

TTM Technologies 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.