Longboard Asset Management LP Invests $293,000 in TTM Technologies, Inc. $TTMI

Key Points

• Longboard Asset Management LP acquired 7,187 shares of TTM Technologies, Inc., valued at approximately $293,000, making it the firm's 15th largest holding.
• TTM Technologies reported $0.58 earnings per share for the last quarter, exceeding consensus expectations and marking a revenue increase of 20.7% year-over-year.
• Insider transactions revealed significant stock sales, with executives selling a total of 100,759 shares valued at over $4 million in recent months, indicating a 1.30% insider ownership.

Longboard Asset Management LP bought a new position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,187 shares of the technology company's stock, valued at approximately $293,000. TTM Technologies comprises about 0.7% of Longboard Asset Management LP's portfolio, making the stock its 15th biggest position.

A number of other hedge funds have also modified their holdings of TTMI. Deutsche Bank AG grew its holdings in shares of TTM Technologies by 46.8% in the 4th quarter. Deutsche Bank AG now owns 86,547 shares of the technology company's stock worth $2,142,000 after acquiring an additional 27,584 shares during the last quarter. Group One Trading LLC acquired a new position in shares of TTM Technologies in the 4th quarter worth $200,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of TTM Technologies by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,455 shares of the technology company's stock worth $1,422,000 after acquiring an additional 2,196 shares during the last quarter. Millennium Management LLC grew its holdings in shares of TTM Technologies by 38.9% in the 4th quarter. Millennium Management LLC now owns 520,666 shares of the technology company's stock worth $12,886,000 after acquiring an additional 145,917 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of TTM Technologies by 44.4% in the 4th quarter. ProShare Advisors LLC now owns 30,448 shares of the technology company's stock worth $754,000 after acquiring an additional 9,366 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TTM Technologies

In other news, insider Steven Spoto sold 3,484 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $46.58, for a total value of $162,284.72. Following the completion of the transaction, the insider directly owned 28,649 shares of the company's stock, valued at approximately $1,334,470.42. This represents a 10.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert P. Farrell sold 1,500 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 23,822 shares of the company's stock, valued at approximately $1,112,249.18. The trade was a 5.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,759 shares of company stock worth $4,136,826 in the last three months. Company insiders own 1.30% of the company's stock.

TTM Technologies Stock Performance

Shares of NASDAQ TTMI traded down $0.72 during trading hours on Friday, hitting $52.12. 3,779,067 shares of the company's stock were exchanged, compared to its average volume of 1,969,334. TTM Technologies, Inc. has a 1-year low of $15.77 and a 1-year high of $53.94. 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 stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of 57.91 and a beta of 1.57. The company's 50-day moving average price is $45.71 and its 200-day moving average price is $34.08.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced 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 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 quarter last year, the company earned $0.39 EPS. The company'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. On average, sell-side analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TTMI shares. Truist Financial lifted their target price on TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Needham & Company LLC reissued a "buy" rating and issued a $56.00 price objective on shares of TTM Technologies in a research note on Friday, August 15th. B. Riley upped their target price on TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Stifel Nicolaus upped their target price on TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Wall Street Zen upgraded TTM Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $52.25.

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.