23,307 Shares in TTM Technologies, Inc. $TTMI Bought by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd acquired a new position in TTM Technologies, purchasing 23,307 shares valued at approximately $478,000 during the first quarter.
• TTM Technologies recently reported an earnings per share (EPS) of $0.58 for the last quarter, exceeding the consensus estimate of $0.52, with revenues of $730.62 million, a significant increase compared to the previous year.
• Wall Street analysts have given TTM Technologies a consensus rating of "Buy" with an average price target of $52.25, reflecting positive expectations for the stock's performance.

Dynamic Technology Lab Private Ltd bought a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 23,307 shares of the technology company's stock, valued at approximately $478,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Nuveen LLC bought a new position in shares of TTM Technologies during the first quarter valued at $31,763,000. Emerald Advisers LLC lifted its stake in TTM Technologies by 34.3% during the 1st quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company's stock valued at $29,533,000 after acquiring an additional 367,798 shares during the period. Invesco Ltd. boosted its holdings in shares of TTM Technologies by 35.3% during the 1st quarter. Invesco Ltd. now owns 1,357,707 shares of the technology company's stock valued at $27,847,000 after acquiring an additional 354,342 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its stake in shares of TTM Technologies by 52.2% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 886,701 shares of the technology company's stock worth $18,186,000 after acquiring an additional 304,176 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of TTM Technologies by 38.9% during the fourth quarter. Millennium Management LLC now owns 520,666 shares of the technology company's stock valued at $12,886,000 after purchasing an additional 145,917 shares during the last quarter. Institutional investors own 95.79% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TTMI. Truist Financial raised their target price on shares of TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Wall Street Zen raised TTM Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday. B. Riley upped their price objective on TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Needham & Company LLC reissued a "buy" rating and issued a $56.00 target price on shares of TTM Technologies in a research report on Friday, August 15th. Finally, Stifel Nicolaus boosted their price target on TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $52.25.

Insider Transactions at TTM Technologies

In other TTM Technologies news, 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 completion of the sale, the insider owned 28,649 shares in the company, valued at approximately $1,334,470.42. This represents a 10.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Wajid Ali acquired 5,000 shares of the stock in a transaction dated Monday, August 18th. The stock was acquired at an average price of $41.75 per share, for a total transaction of $208,750.00. Following the completion of the transaction, the director directly owned 19,024 shares of the company's stock, valued at approximately $794,252. This represents a 35.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 100,759 shares of company stock valued at $4,136,826. Company insiders own 1.30% of the company's stock.

TTM Technologies Stock Performance

TTMI traded down $1.55 during midday trading on Friday, reaching $46.77. The company had a trading volume of 2,018,919 shares, compared to its average volume of 1,931,371. The business has a 50-day moving average of $44.97 and a two-hundred day moving average of $33.07. 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, Inc. has a 1 year low of $15.77 and a 1 year high of $51.15. The company has a market cap of $4.83 billion, a P/E ratio of 51.97 and a beta of 1.57.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $668.42 million. During the same period in the previous year, the company posted $0.39 EPS. 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. As a group, equities research analysts predict that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

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.