Needham Investment Management LLC Decreases Holdings in TTM Technologies, Inc. $TTMI

Key Points

• Needham Investment Management LLC reduced its position in TTM Technologies by 2.7%, now holding 476,750 shares valued at approximately $9.8 million.
• Several large investors increased their stakes in TTM Technologies, with Cubist Systematic Strategies LLC boosting holdings by over 1,070% during the first quarter.
• TTM Technologies reported a 20.7% increase in quarterly revenue year-over-year and beat earnings estimates significantly, prompting positive adjustments to analyst price targets.

Needham Investment Management LLC trimmed its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 2.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 476,750 shares of the technology company's stock after selling 13,250 shares during the period. Needham Investment Management LLC owned 0.47% of TTM Technologies worth $9,778,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of TTM Technologies by 4.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,949 shares of the technology company's stock valued at $345,000 after buying an additional 555 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of 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 worth $2,268,000 after purchasing an additional 567 shares in the last quarter. CWM LLC raised its position in TTM Technologies by 14.4% in the 1st quarter. CWM LLC now owns 4,501 shares of the technology company's stock valued at $92,000 after buying an additional 567 shares during the last quarter. USA Financial Formulas raised its position in TTM Technologies by 119.1% in the 1st quarter. USA Financial Formulas now owns 2,237 shares of the technology company's stock valued at $46,000 after buying an additional 1,216 shares during the last quarter. Finally, Quarry LP increased its position in shares of TTM Technologies by 249.9% during the 1st quarter. Quarry LP now owns 2,110 shares of the technology company's stock valued at $43,000 after purchasing an additional 1,507 shares during the last quarter. Institutional investors own 95.79% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TTMI shares. Wall Street Zen lowered TTM Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $56.00 target price on shares of TTM Technologies in a research report on Friday, August 15th. B. Riley raised their target price on TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Stifel Nicolaus lifted their price objective on TTM Technologies from $40.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Truist Financial lifted their price objective on TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Four 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 target price of $52.25.

TTM Technologies Price Performance

NASDAQ TTMI traded down $0.09 during trading hours on Thursday, hitting $49.34. The company had a trading volume of 719,212 shares, compared to its average volume of 1,338,982. TTM Technologies, Inc. has a 52 week low of $15.77 and a 52 week high of $51.15. The firm has a 50 day simple moving average of $44.85 and a 200 day simple moving average of $32.76. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.72 and a current ratio of 2.03. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 54.85 and a beta of 1.57.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $0.58 EPS for the quarter, topping the consensus estimate 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 quarter last year, the company earned $0.39 EPS. The firm's 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. Equities research analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Insider Activity

In other news, insider Tom Clapprood sold 15,000 shares of TTM Technologies stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $44.68, for a total transaction of $670,200.00. Following the completion of the sale, the insider owned 23,531 shares in the company, valued at approximately $1,051,365.08. This trade represents a 38.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steven Spoto sold 3,484 shares of TTM Technologies 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 sale, the insider owned 28,649 shares of the company's stock, valued at approximately $1,334,470.42. This trade represents a 10.84% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,759 shares of company stock worth $4,136,826. Company insiders own 1.30% of the company's stock.

About TTM Technologies

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.