Northern Trust Corp Has $23.38 Million Holdings in TTM Technologies, Inc. $TTMI

Key Points

• Northern Trust Corp has reduced its stake in TTM Technologies by 1.7%, selling 19,842 shares in the first quarter, maintaining approximately 1.12% ownership valued at $23.4 million.
• Several institutional investors have significantly increased their positions in TTM Technologies, with Emerald Advisers LLC raising its holdings by 34.3% and Invesco Ltd. by 35.3% during the same period.
• Analysts are optimistic about TTM Technologies, with multiple firms raising their price targets and assigning a buy or strong-buy rating, indicating confidence in the company's future performance.

Northern Trust Corp lessened its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 1.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,139,734 shares of the technology company's stock after selling 19,842 shares during the quarter. Northern Trust Corp owned approximately 1.12% of TTM Technologies worth $23,376,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of TTM Technologies in the first quarter valued at approximately $31,763,000. Emerald Advisers LLC grew its position in TTM Technologies by 34.3% in the first quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company's stock valued at $29,533,000 after purchasing an additional 367,798 shares in the last quarter. Invesco Ltd. increased its stake in TTM Technologies by 35.3% in the 1st quarter. Invesco Ltd. now owns 1,357,707 shares of the technology company's stock valued at $27,847,000 after buying an additional 354,342 shares during the last quarter. Emerald Mutual Fund Advisers Trust lifted its position in TTM Technologies by 52.2% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 886,701 shares of the technology company's stock worth $18,186,000 after buying an additional 304,176 shares in the last quarter. Finally, Millennium Management LLC lifted its position in TTM Technologies by 38.9% during the 4th quarter. Millennium Management LLC now owns 520,666 shares of the technology company's stock worth $12,886,000 after buying an additional 145,917 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

Wall Street Analyst Weigh In

TTMI has been the subject of several analyst reports. B. Riley raised their price objective on 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 target on shares of TTM Technologies in a research note on Friday, August 15th. Wall Street Zen upgraded TTM Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Stifel Nicolaus increased their price objective on TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Truist Financial boosted their target price on shares of 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 MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $52.25.

Insider Activity

In other news, insider Tom Clapprood sold 15,000 shares of the business's stock in a transaction that occurred on 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 $1,051,365.08. The trade was a 38.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Wajid Ali bought 5,000 shares of the stock in a transaction dated Monday, August 18th. The shares were purchased at an average price of $41.75 per share, for a total transaction of $208,750.00. Following the purchase, the director owned 19,024 shares of the company's stock, valued at $794,252. This trade represents a 35.65% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 108,421 shares of company stock valued at $4,398,560. Company insiders own 1.30% of the company's stock.

TTM Technologies Stock Performance

TTMI stock traded down $0.01 during midday trading on Thursday, reaching $46.22. 528,006 shares of the company were exchanged, compared to its average volume of 1,323,464. TTM Technologies, Inc. has a one year low of $15.77 and a one year high of $51.15. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 51.38 and a beta of 1.57. The business has a 50-day moving average price of $44.16 and a two-hundred day moving average price of $32.01. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 1.72.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.06. The company had revenue of $730.62 million for the quarter, compared to analyst estimates of $668.42 million. TTM Technologies had a net margin of 3.52% and a return on equity of 11.80%. The company's revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 earnings per share. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. Equities research analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current year.

TTM Technologies announced that its board has authorized a share buyback 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 shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

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.