Intech Investment Management LLC Has $2.44 Million Position in TTM Technologies, Inc. $TTMI

Key Points

• Intech Investment Management LLC increased its holdings in TTM Technologies by 5.4% this quarter, owning a total of 118,782 shares valued at approximately $2.4 million.
• TTM Technologies recently reported quarterly earnings of $0.58 EPS, exceeding estimates, with a year-over-year revenue increase of 20.7% to $730.62 million.
• Analyst ratings for TTM Technologies are generally positive, with multiple firms setting target prices between $48 and $56 and an average consensus price target of $52.25.

Intech Investment Management LLC raised its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,782 shares of the technology company's stock after acquiring an additional 6,125 shares during the quarter. Intech Investment Management LLC owned approximately 0.12% of TTM Technologies worth $2,436,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TTMI. Deutsche Bank AG boosted its position in shares of TTM Technologies by 46.8% in the fourth quarter. Deutsche Bank AG now owns 86,547 shares of the technology company's stock valued at $2,142,000 after acquiring an additional 27,584 shares during the period. Focus Partners Wealth acquired a new position in shares of TTM Technologies in the fourth quarter valued at $782,000. Group One Trading LLC acquired a new position in shares of TTM Technologies in the fourth quarter valued at $200,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of TTM Technologies by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,455 shares of the technology company's stock valued at $1,422,000 after purchasing an additional 2,196 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of TTM Technologies by 38.9% in 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 in the last quarter. Institutional investors own 95.79% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on TTMI. B. Riley upped their target price on 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 increased their price objective on TTM Technologies from $40.00 to $55.00 and gave the stock 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. Wall Street Zen upgraded TTM Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 13th. Finally, Truist Financial increased their price objective on TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $52.25.

TTM Technologies Stock Down 1.4%

TTM Technologies stock traded down $0.72 during midday trading on Friday, reaching $52.12. The stock had a trading volume of 3,779,067 shares, compared to its average volume of 1,969,334. The firm's fifty day simple moving average is $45.71 and its 200-day simple moving average is $34.00. TTM Technologies, Inc. has a 1-year low of $15.77 and a 1-year high of $53.94. The stock has a market capitalization of $5.38 billion, a P/E ratio of 57.91 and a beta of 1.57. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.72 and a current ratio of 2.03.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued 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 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 for the quarter was up 20.7% compared to the same quarter last year. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. As a group, analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Robert P. Farrell sold 1,500 shares of the business's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $46.69, for a total value of $70,035.00. Following the completion of the sale, the insider directly owned 23,822 shares in the company, valued at $1,112,249.18. The trade was a 5.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Wajid Ali purchased 5,000 shares of TTM Technologies stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average price of $41.75 per share, with a total value of $208,750.00. Following the completion of the purchase, the director directly owned 19,024 shares in the company, valued at $794,252. This trade represents a 35.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 100,759 shares of company stock worth $4,136,826 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

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.