TTM Technologies, Inc. $TTMI Shares Sold by Bridgeway Capital Management LLC

Key Points

• Bridgeway Capital Management LLC has reduced its holdings in TTM Technologies, Inc. by 1.8%, now owning approximately 1,008,993 shares, which represent about 0.5% of its total holdings.
• TTM Technologies reported an earnings per share (EPS) of $0.58 for the most recent quarter, surpassing estimates by $0.06, and had a revenue of $730.62 million, up 20.7% year-over-year.
• The company's Board of Directors has authorized a $100 million stock repurchase plan, indicating confidence in its valuation, as it is set to buy back up to 3.7% of its outstanding shares.

Bridgeway Capital Management LLC trimmed its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 1.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,008,993 shares of the technology company's stock after selling 18,146 shares during the quarter. TTM Technologies makes up 0.5% of Bridgeway Capital Management LLC's holdings, making the stock its 21st biggest holding. Bridgeway Capital Management LLC owned about 0.99% of TTM Technologies worth $20,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Stifel Financial Corp acquired a new stake in TTM Technologies in the fourth quarter valued at approximately $574,000. Susquehanna International Group LLP lifted its position in shares of TTM Technologies by 376.1% during the 4th quarter. Susquehanna International Group LLP now owns 83,209 shares of the technology company's stock valued at $2,059,000 after buying an additional 65,733 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of TTM Technologies by 10.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 78,571 shares of the technology company's stock valued at $1,945,000 after buying an additional 7,622 shares during the last quarter. Northern Trust Corp raised its stake in shares of TTM Technologies by 7.8% during the 4th quarter. Northern Trust Corp now owns 1,159,576 shares of the technology company's stock valued at $28,700,000 after purchasing an additional 84,137 shares during the period. Finally, Lido Advisors LLC raised its stake in shares of TTM Technologies by 36.3% during the 4th quarter. Lido Advisors LLC now owns 14,833 shares of the technology company's stock valued at $367,000 after purchasing an additional 3,952 shares during the period. 95.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TTMI shares. B. Riley upped their target price on TTM Technologies from $36.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Stifel Nicolaus increased their target price on TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Needham & Company LLC reiterated a "buy" rating and issued a $56.00 price objective on shares of TTM Technologies in a report on Friday, August 15th. Truist Financial increased 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. Finally, Wall Street Zen lowered TTM Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $52.25.

TTM Technologies Stock Performance

NASDAQ TTMI traded up $1.63 on Friday, hitting $47.70. 2,166,742 shares of the company traded hands, compared to its average volume of 1,911,880. The business's 50 day moving average price is $44.43 and its 200-day moving average price is $32.34. TTM Technologies, Inc. has a 52-week low of $15.77 and a 52-week high of $51.15. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 53.00 and a beta of 1.57. The company has a current ratio of 2.03, a quick ratio of 1.72 and a debt-to-equity ratio of 0.56.

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 the consensus estimate of $0.52 by $0.06. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%.The business had revenue of $730.62 million for the quarter, compared to the consensus estimate of $668.42 million. During the same period in the previous year, the business earned $0.39 earnings per share. The business's revenue was up 20.7% on a year-over-year basis. 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 earnings per share for the current year.

Insider Transactions at TTM Technologies

In other TTM Technologies news, insider Steven Spoto sold 3,484 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $46.58, for a total transaction of $162,284.72. Following the completion of the sale, the insider owned 28,649 shares in the company, valued at $1,334,470.42. This represents a 10.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Catherine A. Gridley sold 20,000 shares of the company's stock in a transaction 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 transaction, the executive vice president directly owned 81,986 shares in the company, valued at approximately $3,632,799.66. The trade was a 19.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,421 shares of company stock valued at $4,398,560 in the last ninety days. 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.