TTM Technologies, Inc. $TTMI Shares Acquired by Invesco Ltd.

Key Points

• Invesco Ltd. has increased its stake in TTM Technologies, Inc. by 35.3% to own approximately 1.34% of the company, valued at $27.8 million after acquiring an additional 354,342 shares in the first quarter.
• TTM Technologies has reported a quarterly earnings per share of $0.58, exceeding estimates, with a revenue increase of 20.7% year-over-year totaling $730.62 million.
• The company's Board of Directors has authorized a $100 million stock buyback plan, signaling confidence in the stock's undervaluation.

Invesco Ltd. lifted its stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 35.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,357,707 shares of the technology company's stock after buying an additional 354,342 shares during the period. Invesco Ltd. owned approximately 1.34% of TTM Technologies worth $27,847,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. purchased a new stake in TTM Technologies in the fourth quarter valued at approximately $19,040,000. Emerald Advisers LLC lifted its stake in shares of TTM Technologies by 34.3% in the 1st quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company's stock worth $29,533,000 after acquiring an additional 367,798 shares during the period. Emerald Mutual Fund Advisers Trust boosted its holdings in TTM Technologies by 52.2% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 886,701 shares of the technology company's stock valued at $18,186,000 after purchasing an additional 304,176 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of TTM Technologies in the fourth quarter valued at approximately $4,632,000. Finally, G2 Investment Partners Management LLC boosted its position in shares of TTM Technologies by 221.7% during the 4th quarter. G2 Investment Partners Management LLC now owns 260,167 shares of the technology company's stock worth $6,439,000 after purchasing an additional 179,285 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

TTM Technologies Trading Up 9.0%

Shares of NASDAQ TTMI traded up $3.65 during midday trading on Friday, reaching $44.43. 2,773,903 shares of the stock were exchanged, compared to its average volume of 2,684,817. The company has a market capitalization of $4.59 billion, a P/E ratio of 49.37 and a beta of 1.48. The company has a current ratio of 2.03, a quick ratio of 1.72 and a debt-to-equity ratio of 0.56. TTM Technologies, Inc. has a 52-week low of $15.77 and a 52-week high of $51.15. The stock has a 50 day moving average price of $42.91 and a 200-day moving average price of $30.96.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its quarterly 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. 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 for the quarter, compared to analyst estimates of $668.42 million. During the same quarter in the prior year, the company posted $0.39 EPS. The business'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. Equities research analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

TTM Technologies announced that its board has approved a share repurchase program on Friday, May 9th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the technology company to purchase up to 3.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Needham & Company LLC reissued a "buy" rating and set a $56.00 price target on shares of TTM Technologies in a research note on Friday, August 15th. Truist Financial boosted their price objective on shares of TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Stifel Nicolaus raised their target price on shares of TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Wall Street Zen upgraded shares of TTM Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. 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 report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $52.25.

Insider Activity at TTM Technologies

In other news, EVP Catherine A. Gridley sold 25,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $40.46, for a total transaction of $1,011,500.00. Following the transaction, the executive vice president directly owned 101,986 shares in the company, valued at $4,126,353.56. This represents a 19.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Dale Martin Knecht sold 7,662 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were 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 owned 67,544 shares of the company's stock, valued at approximately $2,307,303.04. The trade was a 10.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,568 shares of company stock worth $3,708,900. Corporate insiders own 1.30% of the company's stock.

About TTM Technologies

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.