Petrus Trust Company LTA Invests $355,000 in TTM Technologies, Inc. $TTMI

Key Points

• Petrus Trust Company LTA has initiated a new investment in TTM Technologies, acquiring 17,314 shares valued at approximately $355,000 during the first quarter.
• TTM Technologies recently reported earnings per share (EPS) of $0.58 for the last quarter, surpassing the consensus estimate by $0.06, with a year-over-year revenue increase of 20.7%.
• Despite a recent downgrade from a "strong-buy" to a "buy" rating, TTM Technologies has several analysts maintaining a bullish outlook, with an **average price target** of $52.25.

Petrus Trust Company LTA acquired a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,314 shares of the technology company's stock, valued at approximately $355,000.

Several other large investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of TTM Technologies by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,087 shares of the technology company's stock worth $1,232,000 after acquiring an additional 2,632 shares in the last quarter. Ion Asset Management Ltd. increased its position in shares of TTM Technologies by 165.5% during the first quarter. Ion Asset Management Ltd. now owns 329,650 shares of the technology company's stock worth $6,761,000 after acquiring an additional 205,500 shares in the last quarter. Ardsley Advisory Partners LP bought a new position in TTM Technologies in the first quarter valued at $3,220,000. Cubist Systematic Strategies LLC grew its position in TTM Technologies by 1,070.1% in the first quarter. Cubist Systematic Strategies LLC now owns 470,679 shares of the technology company's stock valued at $9,654,000 after purchasing an additional 430,453 shares in the last quarter. Finally, Royal Bank of Canada grew its position in TTM Technologies by 66.6% in the first quarter. Royal Bank of Canada now owns 26,433 shares of the technology company's stock valued at $543,000 after purchasing an additional 10,565 shares in the last quarter. Institutional investors own 95.79% of the company's stock.

TTM Technologies Stock Performance

TTMI stock traded down $1.55 during trading hours on Friday, reaching $46.77. The stock had a trading volume of 2,018,919 shares, compared to its average volume of 1,931,371. The stock has a market capitalization of $4.83 billion, a PE ratio of 51.97 and a beta of 1.57. 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 has a 50-day simple moving average of $44.97 and a 200 day simple moving average of $33.13. TTM Technologies, Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $51.15.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $730.62 million during the quarter, compared to analysts' expectations 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 for the quarter was up 20.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 earnings per share. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. Analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Transactions at TTM Technologies

In other news, EVP Catherine A. Gridley sold 20,000 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $44.31, for a total transaction of $886,200.00. Following the completion of the sale, the executive vice president owned 81,986 shares in the company, valued at approximately $3,632,799.66. This trade represents a 19.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tom Clapprood sold 15,000 shares of the firm's 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 sale, the insider owned 23,531 shares of the company's stock, valued at approximately $1,051,365.08. This represents a 38.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,759 shares of company stock valued at $4,136,826. 1.30% of the stock is owned by company insiders.

TTM Technologies 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.