Deutsche Bank AG Sells 8,664 Shares of TTM Technologies, Inc. $TTMI

Key Points

• Deutsche Bank AG has reduced its stake in TTM Technologies, Inc. by 10.0%, now holding 77,883 shares worth approximately $1.6 million.
• Several hedge funds have increased their investments in TTM Technologies, with PNC Financial Services Group raising its stake by 227.0% in the first quarter.
• TTM Technologies' stock has seen price target increases from multiple brokerages, with a consensus price target now set at $52.25 and a majority of analysts rating it as a “buy.”

Deutsche Bank AG cut its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,883 shares of the technology company's stock after selling 8,664 shares during the quarter. Deutsche Bank AG owned about 0.08% of TTM Technologies worth $1,597,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several brokerages have issued reports on TTMI. Truist Financial boosted their target price on TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Stifel Nicolaus boosted their price objective on TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Needham & Company LLC reiterated a "buy" rating and set a $56.00 price objective on shares of TTM Technologies in a research note on Friday, August 15th. B. Riley boosted their price objective on TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Finally, Wall Street Zen upgraded TTM Technologies from a "buy" rating to a "strong-buy" rating in a research note 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 a consensus price target of $52.25.

TTM Technologies Price Performance

TTM Technologies stock opened at $44.43 on Friday. TTM Technologies, Inc. has a 52 week low of $15.77 and a 52 week high of $51.15. The business has a 50-day simple moving average of $42.91 and a 200 day simple moving average of $30.96. 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 market cap of $4.59 billion, a price-to-earnings ratio of 49.37 and a beta of 1.48.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted 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. 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 during the quarter, compared to analysts' expectations of $668.42 million. During the same period in the previous year, the business earned $0.39 earnings per share. The firm'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. On average, research analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

TTM Technologies declared that its board has approved a share repurchase plan on Friday, May 9th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to reacquire up to 3.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

Insider Transactions at TTM Technologies

In related news, SVP Dale Martin Knecht sold 7,662 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $34.16, for a total transaction of $261,733.92. Following the completion of the sale, the senior vice president directly owned 67,544 shares in the company, valued at $2,307,303.04. This represents a 10.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tom Clapprood sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $44.68, for a total value of $670,200.00. Following the transaction, the insider directly owned 23,531 shares of the company's stock, valued at $1,051,365.08. The trade was a 38.93% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 96,568 shares of company stock worth $3,708,900. Company 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.

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