Ion Asset Management Ltd. Acquires 205,500 Shares of TTM Technologies, Inc. $TTMI

Key Points

• Ion Asset Management Ltd. increased its stake in TTM Technologies by 165.5% during the first quarter, purchasing an additional 205,500 shares and bringing its total holdings to 329,650 shares, valued at approximately $6.76 million.
• TTM Technologies reported $730.62 million in revenue for the last quarter, exceeding analysts' expectations of $668.42 million, along with earnings per share of $0.58, above a consensus estimate of $0.52.
• Several research analysts have set new price targets for TTM Technologies, with B. Riley raising its target from $36.00 to $50.00 and Stifel Nicolaus increasing theirs from $40.00 to $55.00, indicating a strong "buy" interest in the stock.

Ion Asset Management Ltd. grew its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 165.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 329,650 shares of the technology company's stock after buying an additional 205,500 shares during the period. TTM Technologies accounts for approximately 0.4% of Ion Asset Management Ltd.'s investment portfolio, making the stock its 22nd largest holding. Ion Asset Management Ltd. owned approximately 0.32% of TTM Technologies worth $6,761,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TTMI. Nuveen LLC acquired a new stake in shares of TTM Technologies in the 1st quarter valued at $31,763,000. Cubist Systematic Strategies LLC increased its stake in shares of TTM Technologies by 1,070.1% in the 1st quarter. Cubist Systematic Strategies LLC now owns 470,679 shares of the technology company's stock valued at $9,654,000 after buying an additional 430,453 shares during the period. Emerald Advisers LLC increased 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 valued at $29,533,000 after buying an additional 367,798 shares during the period. Invesco Ltd. increased its stake in shares of TTM Technologies by 35.3% in the 1st quarter. Invesco Ltd. now owns 1,357,707 shares of the technology company's stock valued at $27,847,000 after buying an additional 354,342 shares during the period. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in TTM Technologies by 52.2% during the 1st 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. 95.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TTM Technologies news, EVP Catherine A. Gridley sold 25,000 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $40.46, for a total value of $1,011,500.00. Following the completion of the sale, the executive vice president owned 101,986 shares in the company, valued at $4,126,353.56. This trade represents a 19.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Wajid Ali bought 5,000 shares of the company's stock in a transaction dated Monday, August 18th. The stock was purchased at an average cost of $41.75 per share, for a total transaction of $208,750.00. Following the completion of the acquisition, the director owned 19,024 shares in the company, valued at $794,252. This trade represents a 35.65% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 100,759 shares of company stock valued at $4,136,826 in the last quarter. Company insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on TTMI. Needham & Company LLC reaffirmed a "buy" rating and set a $56.00 target price on shares of TTM Technologies in a report on Friday, August 15th. Truist Financial lifted 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 cut shares of TTM Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 5th. Stifel Nicolaus lifted 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 lifted their price target on shares of TTM Technologies from $36.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $52.25.

TTM Technologies Stock Up 3.5%

Shares of NASDAQ:TTMI traded up $1.68 during midday trading on Wednesday, reaching $49.28. 648,908 shares of the company were exchanged, compared to its average volume of 1,336,615. TTM Technologies, Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $51.15. The company has a quick ratio of 1.72, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The stock has a fifty day simple moving average of $44.69 and a two-hundred day simple moving average of $32.64. The firm has a market cap of $5.09 billion, a PE ratio of 54.71 and a beta of 1.57.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.58 EPS for the quarter, topping 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 business had revenue of $730.62 million for the quarter, compared to analyst estimates of $668.42 million. During the same period last year, the business posted $0.39 earnings per share. The firm'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, sell-side analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

TTM Technologies 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.