Brant Point Investment Management LLC Purchases New Stake in TTM Technologies, Inc. $TTMI

Key Points

• Brant Point Investment Management LLC has acquired a new position in TTM Technologies, purchasing 221,410 shares valued at approximately $4.54 million, making it the firm's 28th largest holding.
• TTM Technologies reported a 20.7% increase in quarterly revenue year-over-year, with earnings of $0.58 per share, exceeding estimates and indicating healthy growth.
• Insider transactions included significant sales from executives, with Tom Clapprood and Catherine A. Gridley selling a total of 40,000 shares in August, reflecting a decrease in their ownership in the company.

Brant Point Investment Management LLC purchased a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 221,410 shares of the technology company's stock, valued at approximately $4,541,000. TTM Technologies comprises approximately 0.5% of Brant Point Investment Management LLC's holdings, making the stock its 28th biggest position. Brant Point Investment Management LLC owned approximately 0.22% of TTM Technologies as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in TTM Technologies by 4.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,949 shares of the technology company's stock worth $345,000 after purchasing an additional 555 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in TTM Technologies by 0.5% in the 1st 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 during the last quarter. CWM LLC lifted 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 purchasing an additional 567 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in TTM Technologies by 3.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 19,797 shares of the technology company's stock worth $490,000 after purchasing an additional 602 shares during the last quarter. Finally, USA Financial Formulas lifted its holdings in TTM Technologies by 119.1% in the 1st 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 during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TTMI shares. Needham & Company LLC restated 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 upgraded TTM Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Truist Financial boosted their target price on TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Stifel Nicolaus boosted their target price on TTM Technologies from $40.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, B. Riley lifted their price target on TTM Technologies from $36.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, TTM Technologies has a consensus rating of "Buy" and a consensus target price of $52.25.

Insider Activity at TTM Technologies

In other news, insider Tom Clapprood sold 15,000 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $44.68, for a total transaction of $670,200.00. Following the sale, the insider owned 23,531 shares in the company, valued at approximately $1,051,365.08. This represents a 38.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven Spoto sold 3,484 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $46.58, for a total value of $162,284.72. Following the sale, the insider owned 28,649 shares in the company, valued at $1,334,470.42. The trade was a 10.84% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 109,561 shares of company stock valued at $4,437,320. 1.30% of the stock is currently owned by company insiders.

TTM Technologies Price Performance

NASDAQ:TTMI traded down $2.33 during trading hours on Friday, reaching $44.57. The company had a trading volume of 1,513,766 shares, compared to its average volume of 2,254,877. The stock has a 50-day moving average of $43.72 and a two-hundred day moving average of $31.66. TTM Technologies, Inc. has a one year low of $15.77 and a one year high of $51.15. The firm has a market capitalization of $4.60 billion, a PE ratio of 49.52 and a beta of 1.48. The company has a quick ratio of 1.72, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.52 by $0.06. The company had revenue of $730.62 million for 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 business's revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. Analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

TTM Technologies declared that its board has initiated a stock repurchase plan on Friday, May 9th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 3.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

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.