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 trimmed its stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 10.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,883 shares of the technology company's stock after selling 8,664 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of TTM Technologies worth $1,597,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Phocas Financial Corp. boosted its stake in TTM Technologies by 23.1% in the first quarter. Phocas Financial Corp. now owns 354,266 shares of the technology company's stock valued at $7,266,000 after acquiring an additional 66,393 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in 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 acquiring an additional 5,064 shares during the last quarter. Carrera Capital Advisors boosted its stake in TTM Technologies by 4.5% in the first quarter. Carrera Capital Advisors now owns 48,663 shares of the technology company's stock valued at $998,000 after acquiring an additional 2,108 shares during the last quarter. GW&K Investment Management LLC purchased a new position in TTM Technologies in the first quarter valued at about $3,242,000. Finally, Allianz Asset Management GmbH boosted its stake in TTM Technologies by 86.7% in the first quarter. Allianz Asset Management GmbH now owns 127,100 shares of the technology company's stock valued at $2,607,000 after acquiring an additional 59,035 shares during the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

TTM Technologies Price Performance

TTM Technologies stock traded up $2.40 during midday trading on Thursday, reaching $46.90. 1,887,584 shares of the stock were exchanged, compared to its average volume of 2,446,843. The company's fifty day moving average is $43.57 and its 200-day moving average is $31.49. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.72 and a current ratio of 2.03. The firm has a market cap of $4.85 billion, a PE ratio of 52.11 and a beta of 1.48. TTM Technologies, Inc. has a 52 week low of $15.77 and a 52 week high of $51.15.

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

TTM Technologies announced that its board has authorized a share buyback program on Friday, May 9th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 3.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TTMI shares. Wall Street Zen upgraded shares of TTM Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. B. Riley upped their price target 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. Stifel Nicolaus upped their price target on shares of 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 restated a "buy" rating and set a $56.00 price target on shares of TTM Technologies in a research note on Friday, August 15th. Finally, Truist Financial upped their price target on shares of TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $52.25.

Insider Buying and Selling at TTM Technologies

In other news, Director Wajid Ali bought 5,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were acquired at an average price of $41.75 per share, with a total value of $208,750.00. Following the acquisition, the director owned 19,024 shares of the company's stock, valued at approximately $794,252. The trade was a 35.65% increase in their position. The acquisition 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 stock was sold at an average price of $44.68, for a total transaction of $670,200.00. Following the sale, the insider directly owned 23,531 shares in the company, valued at $1,051,365.08. This trade represents a 38.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 118,061 shares of company stock worth $4,662,285 in the last ninety days. Insiders own 1.30% of the company's stock.

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.