Navellier & Associates Inc. Reduces Stock Holdings in TTM Technologies, Inc. $TTMI

Key Points

• Navellier & Associates reduced its stake in TTM Technologies by 15.6% in Q4, selling 8,846 shares and leaving it with 47,942 shares valued at about $3.31 million.
• TTM beat Q1 expectations, reporting $0.75 EPS vs. $0.66 expected and $845.98M revenue (up 30.4% YoY), and set Q2 guidance of $0.82–$0.88 EPS.
• Analyst sentiment is broadly positive—five Buys and one Hold with a consensus target of $149.50—while insiders have sold about 88,350 shares (~$8.8M) in the past three months.

Navellier & Associates Inc. reduced its stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 15.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,942 shares of the technology company's stock after selling 8,846 shares during the period. Navellier & Associates Inc.'s holdings in TTM Technologies were worth $3,308,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TTMI. SBI Securities Co. Ltd. grew its holdings in shares of TTM Technologies by 3,743.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 3,421 shares of the technology company's stock worth $236,000 after purchasing an additional 3,332 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of TTM Technologies by 10.5% in the 4th quarter. Principal Financial Group Inc. now owns 698,715 shares of the technology company's stock valued at $48,211,000 after purchasing an additional 66,472 shares during the last quarter. Danske Bank A S purchased a new stake in shares of TTM Technologies in the 4th quarter valued at about $34,000. Oppenheimer & Co. Inc. lifted its holdings in shares of TTM Technologies by 27.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 15,368 shares of the technology company's stock valued at $1,060,000 after purchasing an additional 3,268 shares during the last quarter. Finally, Sigma Planning Corp purchased a new stake in shares of TTM Technologies in the 4th quarter valued at about $379,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TTMI shares. Zacks Research downgraded TTM Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, April 6th. Stifel Nicolaus lifted their target price on shares of TTM Technologies from $108.00 to $135.00 and gave the company a "buy" rating in a report on Monday, April 20th. Truist Financial lifted their target price on shares of TTM Technologies from $115.00 to $180.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Needham & Company LLC lifted their target price on shares of TTM Technologies from $125.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Finally, Weiss Ratings raised shares of TTM Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, February 18th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $149.50.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, Director Thomas T. Edman sold 16,800 shares of the business's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $100.23, for a total transaction of $1,683,864.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Weber sold 12,000 shares of the business's stock in a transaction on Friday, February 13th. The stock was sold at an average price of $93.88, for a total transaction of $1,126,560.00. Following the sale, the executive vice president owned 94,621 shares in the company, valued at $8,883,019.48. The trade was a 11.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 88,350 shares of company stock valued at $8,797,770. 1.30% of the stock is owned by company insiders.

TTM Technologies Stock Performance

Shares of TTMI opened at $159.58 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.88. The stock has a market capitalization of $16.57 billion, a P/E ratio of 86.26 and a beta of 2.11. The company's fifty day moving average is $110.15 and its two-hundred day moving average is $88.55. TTM Technologies, Inc. has a 1 year low of $24.31 and a 1 year high of $180.00.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $845.98 million for the quarter, compared to analysts' expectations of $789.84 million. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. TTM Technologies's revenue was up 30.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 EPS. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. On average, sell-side analysts predict that TTM Technologies, Inc. will post 2.94 earnings per share for the current year.

TTM Technologies Company Profile

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company's product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.

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