Nuveen LLC Makes New $31.76 Million Investment in TTM Technologies, Inc. $TTMI

Key Points

• Nuveen LLC acquired 1,548,646 shares of TTM Technologies, Inc., worth approximately $31.76 million, making it a significant stakeholder with 1.52% ownership.
• TTM Technologies reported a quarterly revenue of $730.62 million, exceeding analyst estimates of $668.42 million, alongside a $0.58 EPS, beating expectations by $0.06.
• Numerous analysts have upgraded TTM Technologies' stock, with price targets now ranging from $48.00 to $56.00, indicating a strong buy sentiment in the market.

Nuveen LLC bought a new stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,548,646 shares of the technology company's stock, valued at approximately $31,763,000. Nuveen LLC owned approximately 1.52% of TTM Technologies at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TTMI. LPL Financial LLC raised its position in shares of TTM Technologies by 27.8% in the 4th quarter. LPL Financial LLC now owns 25,997 shares of the technology company's stock valued at $643,000 after buying an additional 5,661 shares in the last quarter. Wells Fargo & Company MN increased its position in TTM Technologies by 12.8% during the 4th quarter. Wells Fargo & Company MN now owns 77,007 shares of the technology company's stock worth $1,906,000 after purchasing an additional 8,757 shares in the last quarter. Envestnet Asset Management Inc. increased its position in TTM Technologies by 3.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,797 shares of the technology company's stock worth $490,000 after purchasing an additional 602 shares in the last quarter. Bank of Montreal Can acquired a new position in TTM Technologies during the 4th quarter worth approximately $282,000. Finally, Renaissance Technologies LLC acquired a new position in TTM Technologies during the 4th quarter worth approximately $1,219,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

TTM Technologies Trading Up 6.2%

Shares of NASDAQ:TTMI traded up $2.53 during trading on Friday, reaching $43.31. The stock had a trading volume of 639,831 shares, compared to its average volume of 1,290,949. The firm's fifty day moving average is $42.73 and its 200 day moving average is $30.82. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.72 and a current ratio of 2.03. TTM Technologies, Inc. has a 52 week low of $15.77 and a 52 week high of $51.15. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 48.09 and a beta of 1.48.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.58 EPS for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 EPS. 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 fiscal year.

TTM Technologies declared that its board has authorized a stock buyback program on Friday, May 9th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 3.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling at TTM Technologies

In related news, EVP Catherine A. Gridley sold 25,000 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $40.46, for a total transaction of $1,011,500.00. Following the transaction, the executive vice president directly owned 101,986 shares of the company's stock, valued at $4,126,353.56. This represents a 19.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tom Clapprood sold 15,000 shares of the stock in a transaction 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 transaction, the insider directly owned 23,531 shares in the company, valued at approximately $1,051,365.08. This represents a 38.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 96,568 shares of company stock valued at $3,708,900 over the last 90 days. Insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on TTMI. Truist Financial upped their price objective on shares of TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. B. Riley upped their price objective on shares of TTM Technologies from $36.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Needham & Company LLC reiterated a "buy" rating and set a $56.00 price objective on shares of TTM Technologies in a research report on Friday, August 15th. Wall Street Zen upgraded shares of TTM Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Finally, Stifel Nicolaus upped their price target on shares of TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $52.25.

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.