Inspire Investing LLC Purchases 34,680 Shares of TTM Technologies, Inc. $TTMI

Key Points

• Inspire Investing LLC increased its holdings in TTM Technologies by 214.1% in Q1, now owning approximately 0.05% of the company, valued at $1.04 million.
• Several institutional investors, including Goldman Sachs and Emerald Advisers, made significant adjustments to their positions in TTM Technologies during the first quarter, with approximately 95.79% of stock owned by these entities.
• TTM Technologies received multiple buy ratings from analysts, with target prices ranging from $40.00 to $56.00, reflecting strong market confidence in the company.

Inspire Investing LLC grew its stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 214.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,880 shares of the technology company's stock after buying an additional 34,680 shares during the quarter. Inspire Investing LLC owned 0.05% of TTM Technologies worth $1,044,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TTMI. Focus Partners Wealth grew its stake in shares of TTM Technologies by 1.1% during the 1st quarter. Focus Partners Wealth now owns 31,944 shares of the technology company's stock worth $655,000 after acquiring an additional 343 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in TTM Technologies by 4.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,949 shares of the technology company's stock worth $345,000 after purchasing an additional 555 shares during the last quarter. New York State Teachers Retirement System increased its stake in TTM Technologies by 0.5% in the 1st quarter. New York State Teachers Retirement System now owns 110,577 shares of the technology company's stock valued at $2,268,000 after buying an additional 567 shares during the last quarter. CWM LLC lifted its position in TTM Technologies by 14.4% during the 1st quarter. CWM LLC now owns 4,501 shares of the technology company's stock worth $92,000 after buying an additional 567 shares in the last quarter. Finally, USA Financial Formulas lifted its position in TTM Technologies by 119.1% during the 1st quarter. USA Financial Formulas now owns 2,237 shares of the technology company's stock worth $46,000 after buying an additional 1,216 shares in the last quarter. Institutional investors own 95.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TTMI shares. Wall Street Zen raised TTM Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 13th. 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. Truist Financial raised their target price 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. Stifel Nicolaus upped their price target on shares of TTM Technologies from $40.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, B. Riley increased 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. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $52.25.

TTM Technologies Stock Performance

TTMI traded up $3.23 during trading on Thursday, hitting $52.26. The stock had a trading volume of 1,406,484 shares, compared to its average volume of 1,366,501. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 1.72. The company has a 50 day moving average price of $45.37 and a 200-day moving average price of $33.60. TTM Technologies, Inc. has a one year low of $15.77 and a one year high of $52.59. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 58.08 and a beta of 1.57.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its earnings results 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 net margin of 3.52% and a return on equity of 11.80%. 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 business posted $0.39 earnings per share. TTM Technologies's quarterly 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, research analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Insider Activity

In other news, insider Tom Clapprood sold 15,000 shares of the firm'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 transaction of $670,200.00. Following the transaction, the insider directly owned 23,531 shares of the company's stock, valued at approximately $1,051,365.08. This trade represents a 38.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Wajid Ali purchased 5,000 shares of the company's stock in a transaction dated Monday, August 18th. The stock was acquired at an average price of $41.75 per share, with a total value of $208,750.00. Following the completion of the transaction, the director owned 19,024 shares of the company's stock, valued at $794,252. This represents a 35.65% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 100,759 shares of company stock worth $4,136,826. 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.