Jump Financial LLC Purchases 59,209 Shares of TTM Technologies, Inc. $TTMI

Key Points

• Jump Financial LLC significantly increased its stake in TTM Technologies, purchasing an additional 59,209 shares, raising its ownership by 419.1% to a total of 73,336 shares valued at approximately $1.5 million.
• TTM Technologies saw strong quarterly earnings, reporting $0.58 EPS, exceeding consensus estimates, with revenues reaching $730.62 million—up 20.7% year-over-year.
• The company has initiated a $100 million share buyback program, indicating management’s belief that the stock is undervalued, further enhancing shareholder value.

Jump Financial LLC boosted its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 419.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,336 shares of the technology company's stock after acquiring an additional 59,209 shares during the period. Jump Financial LLC owned 0.07% of TTM Technologies worth $1,504,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Northern Trust Corp grew its stake in TTM Technologies by 7.8% during the fourth quarter. Northern Trust Corp now owns 1,159,576 shares of the technology company's stock valued at $28,700,000 after acquiring an additional 84,137 shares in the last quarter. Principal Financial Group Inc. grew its stake in TTM Technologies by 2.7% during the first quarter. Principal Financial Group Inc. now owns 507,745 shares of the technology company's stock valued at $10,414,000 after acquiring an additional 13,299 shares in the last quarter. New York State Teachers Retirement System grew its stake in TTM Technologies by 0.5% during the first quarter. New York State Teachers Retirement System now owns 110,577 shares of the technology company's stock valued at $2,268,000 after acquiring an additional 567 shares in the last quarter. GAMMA Investing LLC grew its stake in TTM Technologies by 2,396.2% during the first quarter. GAMMA Investing LLC now owns 50,947 shares of the technology company's stock valued at $1,045,000 after acquiring an additional 48,906 shares in the last quarter. Finally, Emerald Advisers LLC grew 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 buying an additional 367,798 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

TTM Technologies Stock Down 5.0%

Shares of NASDAQ:TTMI traded down $2.33 during trading hours on Monday, hitting $44.57. The company's stock had a trading volume of 1,513,766 shares, compared to its average volume of 2,068,713. TTM Technologies, Inc. has a 52 week low of $15.77 and a 52 week high of $51.15. 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 market capitalization of $4.60 billion, a price-to-earnings ratio of 49.52 and a beta of 1.57. The firm's fifty day moving average price is $43.72 and its 200 day moving average price is $31.70.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.58 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $668.42 million. During the same quarter in the previous year, the business posted $0.39 EPS. The company's quarterly revenue 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, research analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current year.

TTM Technologies declared that its board has approved a stock 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 reacquire 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TTMI shares. B. Riley lifted their price objective on shares of TTM Technologies from $36.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Truist Financial lifted their price target on shares of TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. 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 note on Thursday, July 31st. Wall Street Zen raised shares of TTM Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $56.00 price target on shares of TTM Technologies in a research note on Friday, August 15th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $52.25.

Insiders Place Their Bets

In other news, insider Steven Spoto sold 3,484 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were 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. The trade was a 10.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert P. Farrell sold 1,500 shares of the business's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $46.69, for a total transaction of $70,035.00. Following the completion of the sale, the insider owned 23,822 shares of the company's stock, valued at approximately $1,112,249.18. This represents a 5.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 109,561 shares of company stock worth $4,437,320. 1.30% of the stock is owned by corporate insiders.

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.