Counterpoint Mutual Funds LLC Acquires Shares of 21,570 TTM Technologies, Inc. $TTMI

Key Points

• Counterpoint Mutual Funds LLC acquired 21,570 shares of TTM Technologies, Inc., investing approximately $880,000 in the technology firm during the second quarter.
• TTM Technologies reported a quarterly earnings per share (EPS) of $0.58, exceeding analysts' expectations, and a revenue of $730.62 million, reflecting a 20.7% year-over-year increase.
• Institutional investors currently own 95.79% of TTM Technologies' stock, indicating strong interest from the investment community.

Counterpoint Mutual Funds LLC purchased a new position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 21,570 shares of the technology company's stock, valued at approximately $880,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC boosted its position in shares of TTM Technologies by 30.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,244 shares of the technology company's stock worth $132,000 after purchasing an additional 760 shares during the last quarter. Silver Oak Securities Incorporated bought a new position in shares of TTM Technologies in the 2nd quarter worth $380,000. Longboard Asset Management LP bought a new position in shares of TTM Technologies in the 2nd quarter worth $293,000. Inspire Investing LLC lifted its holdings in TTM Technologies by 214.1% during the first quarter. Inspire Investing LLC now owns 50,880 shares of the technology company's stock worth $1,044,000 after acquiring an additional 34,680 shares in the last quarter. Finally, Strs Ohio bought a new position in TTM Technologies during the first quarter worth about $800,000. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies Trading Up 4.1%

Shares of NASDAQ:TTMI opened at $54.24 on Tuesday. TTM Technologies, Inc. has a 12-month low of $15.77 and a 12-month high of $54.46. The stock has a market cap of $5.60 billion, a PE ratio of 60.27 and a beta of 1.57. The business has a 50 day moving average of $45.91 and a 200-day moving average of $34.38. 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 issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.06. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%.The company had revenue of $730.62 million during the quarter, compared to analysts' expectations of $668.42 million. During the same quarter in the previous year, the company posted $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. As a group, equities research analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Catherine A. Gridley sold 20,000 shares of the business'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 in the company, valued at approximately $3,632,799.66. The trade was a 19.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Steven Spoto sold 3,484 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $46.58, for a total value of $162,284.72. Following the completion of the sale, the insider owned 28,649 shares of the company's stock, valued at approximately $1,334,470.42. This trade represents a 10.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,964 shares of company stock valued at $3,159,473 in the last quarter. Company insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

TTMI has been the topic of several recent analyst reports. Truist Financial lifted 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 lifted 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. B. Riley lifted their target price on TTM Technologies from $36.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Needham & Company LLC reiterated a "buy" rating and set a $56.00 target price on shares of TTM Technologies in a report on Friday, August 15th. Finally, Wall Street Zen upgraded TTM Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, TTM Technologies has a consensus rating of "Buy" and an average price target of $52.25.

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.

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