TTM Technologies, Inc. $TTMI Shares Purchased by Martingale Asset Management L P

Key Points

• Martingale Asset Management L P increased its holdings in TTM Technologies by 15.8% during the first quarter, now owning 71,614 shares valued at approximately $1.47 million.
• Several institutional investors, including USA Financial Formulas and PNC Financial Services Group Inc., significantly boosted their positions in TTM Technologies, indicating strong interest from the investment community.
• Wall Street analysts have given TTM Technologies a consensus rating of "Buy" with multiple upgrades, setting price targets ranging from $48 to $56 per share.

Martingale Asset Management L P lifted its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 15.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 71,614 shares of the technology company's stock after acquiring an additional 9,759 shares during the period. Martingale Asset Management L P owned 0.07% of TTM Technologies worth $1,469,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Northern Trust Corp raised its holdings in shares of TTM Technologies by 7.8% during the 4th quarter. Northern Trust Corp now owns 1,159,576 shares of the technology company's stock worth $28,700,000 after acquiring an additional 84,137 shares during the period. Principal Financial Group Inc. raised its holdings in shares of TTM Technologies by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 507,745 shares of the technology company's stock worth $10,414,000 after acquiring an additional 13,299 shares during the period. New York State Teachers Retirement System raised its holdings in TTM Technologies by 0.5% in the 1st quarter. New York State Teachers Retirement System now owns 110,577 shares of the technology company's stock valued at $2,268,000 after buying an additional 567 shares during the period. GAMMA Investing LLC raised its holdings in TTM Technologies by 2,396.2% in the 1st quarter. GAMMA Investing LLC now owns 50,947 shares of the technology company's stock valued at $1,045,000 after buying an additional 48,906 shares during the period. Finally, Emerald Advisers LLC raised its holdings in 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. Hedge funds and other institutional investors own 95.79% of the company's stock.

TTM Technologies Stock Down 4.1%

Shares of TTM Technologies stock traded down $1.91 on Friday, reaching $44.99. 493,193 shares of the company were exchanged, compared to its average volume of 1,313,161. TTM Technologies, Inc. has a 1-year low of $15.77 and a 1-year high of $51.15. The company has a market cap of $4.65 billion, a P/E ratio of 49.94 and a beta of 1.48. 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's 50 day moving average price is $43.57 and its 200-day moving average price is $31.49.

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 business 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 earnings per share. The business's revenue for the quarter 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, equities analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current year.

TTM Technologies declared that its Board of Directors has initiated a share buyback plan on Friday, May 9th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 3.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages recently issued reports on TTMI. Wall Street Zen upgraded shares of TTM Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Truist Financial boosted their price objective on shares of TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a report on Monday, July 7th. B. Riley boosted their price objective on shares of TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Needham & Company LLC restated a "buy" rating and issued a $56.00 price objective on shares of TTM Technologies in a report on Friday, August 15th. Finally, Stifel Nicolaus boosted their price objective 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. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $52.25.

Insider Buying and Selling at TTM Technologies

In related news, Director Wajid Ali acquired 5,000 shares of the stock in a transaction dated Monday, August 18th. The stock was acquired at an average cost of $41.75 per share, with a total value of $208,750.00. Following the completion of the transaction, the director owned 19,024 shares in the company, valued at $794,252. This represents a 35.65% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Catherine A. Gridley sold 25,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $40.46, for a total value of $1,011,500.00. Following the transaction, the executive vice president directly owned 101,986 shares of the company's stock, valued at approximately $4,126,353.56. This represents a 19.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 108,061 shares of company stock valued at $4,367,285. 1.30% of the stock is currently owned by company 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.