Ardsley Advisory Partners LP Takes $3.22 Million Position in TTM Technologies, Inc. $TTMI

Key Points

• Ardsley Advisory Partners LP invested $3.22 million in TTM Technologies, purchasing 157,000 shares, which represents about 0.15% of the company's stock.
• TTM Technologies reported a quarterly earnings per share (EPS) of $0.58, exceeding the consensus estimate of $0.52, with quarterly revenue up 20.7% year-over-year.
• Several analysts have upgraded their ratings on TTM Technologies, with price targets now between $48.00 and $56.00 and an average rating of "Buy".

Ardsley Advisory Partners LP acquired a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 157,000 shares of the technology company's stock, valued at approximately $3,220,000. Ardsley Advisory Partners LP owned approximately 0.15% of TTM Technologies as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp increased its position in shares of TTM Technologies by 7.8% during the fourth quarter. Northern Trust Corp now owns 1,159,576 shares of the technology company's stock worth $28,700,000 after acquiring an additional 84,137 shares during the last quarter. Principal Financial Group Inc. lifted its position in TTM Technologies by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 507,745 shares of the technology company's stock worth $10,414,000 after acquiring an additional 13,299 shares during the last quarter. New York State Teachers Retirement System raised its position in TTM Technologies by 0.5% in the first quarter. New York State Teachers Retirement System now owns 110,577 shares of the technology company's stock worth $2,268,000 after purchasing an additional 567 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of TTM Technologies by 2,396.2% during the first quarter. GAMMA Investing LLC now owns 50,947 shares of the technology company's stock valued at $1,045,000 after purchasing an additional 48,906 shares during the last quarter. Finally, Emerald Advisers LLC raised its holdings in TTM Technologies by 34.3% in the first quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company's stock worth $29,533,000 after purchasing an additional 367,798 shares during the period. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, COO Philip Titterton sold 23,486 shares of the business's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $36.39, for a total value of $854,655.54. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Dale Martin Knecht sold 7,662 shares of TTM Technologies stock in a transaction on Monday, June 9th. The stock was sold at an average price of $34.16, for a total transaction of $261,733.92. Following the sale, the senior vice president owned 67,544 shares of the company's stock, valued at $2,307,303.04. The trade was a 10.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,421 shares of company stock worth $4,398,560. 1.30% of the stock is currently owned by corporate insiders.

TTM Technologies Stock Performance

NASDAQ:TTMI traded up $1.63 during midday trading on Friday, reaching $47.70. 2,166,742 shares of the company traded hands, compared to its average volume of 1,911,880. TTM Technologies, Inc. has a twelve month low of $15.77 and a twelve month high of $51.15. 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 fifty day moving average price of $44.43 and a 200 day moving average price of $32.34. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 53.00 and a beta of 1.57.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of TTM Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday. Truist Financial increased their price target on shares of TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a research report on Monday, July 7th. B. Riley raised their price objective 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. Needham & Company LLC reaffirmed a "buy" rating and set a $56.00 price target on shares of TTM Technologies in a report on Friday, August 15th. Finally, Stifel Nicolaus boosted their price target on shares of TTM Technologies from $40.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $52.25.

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.