TTM Technologies, Inc. $TTMI Shares Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP significantly increased its ownership in TTM Technologies, raising its stake by 96.3% to a total of 40,709 shares worth $835,000 as of the end of the first quarter.
• TTM Technologies achieved a 20.7% year-over-year revenue growth, reporting $730.62 million for the quarter, and exceeded earnings estimates with an EPS of $0.58.
• The company initiated a $100 million share buyback plan, aiming to repurchase approximately 3.7% of its stock, suggesting confidence in its stock valuation.

Quantbot Technologies LP lifted its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 96.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,709 shares of the technology company's stock after acquiring an additional 19,974 shares during the quarter. Quantbot Technologies LP's holdings in TTM Technologies were worth $835,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Brooklyn Investment Group boosted its position in TTM Technologies by 2,480,600.0% in the 1st quarter. Brooklyn Investment Group now owns 24,807 shares of the technology company's stock valued at $509,000 after buying an additional 24,806 shares during the period. Fox Run Management L.L.C. boosted its position in TTM Technologies by 127.1% in the 1st quarter. Fox Run Management L.L.C. now owns 61,930 shares of the technology company's stock valued at $1,270,000 after buying an additional 34,659 shares during the period. Public Sector Pension Investment Board boosted its position in TTM Technologies by 27.3% in the 1st quarter. Public Sector Pension Investment Board now owns 323,402 shares of the technology company's stock valued at $6,633,000 after buying an additional 69,304 shares during the period. Nuveen LLC purchased a new stake in TTM Technologies in the 1st quarter valued at about $31,763,000. Finally, Aigen Investment Management LP purchased a new stake in TTM Technologies in the 1st quarter valued at about $232,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

TTM Technologies Price Performance

TTMI traded down $2.43 during midday trading on Friday, hitting $44.48. 903,431 shares of the company traded hands, compared to its average volume of 1,315,707. The company has a current ratio of 2.03, a quick ratio of 1.72 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 49.36 and a beta of 1.48. TTM Technologies, Inc. has a 52-week low of $15.77 and a 52-week high of $51.15. The business has a 50 day simple moving average of $43.57 and a two-hundred day simple moving average of $31.49.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.06. The business had revenue of $730.62 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. On average, equities analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

TTM Technologies announced that its Board of Directors has approved a share buyback plan on Friday, May 9th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 3.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In other TTM Technologies news, Director Wajid Ali bought 5,000 shares of TTM Technologies stock in a transaction dated Monday, August 18th. The stock was acquired at an average cost of $41.75 per share, for a total transaction of $208,750.00. Following the completion of the transaction, the director directly owned 19,024 shares of the company's stock, valued at approximately $794,252. This represents a 35.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven Spoto sold 3,484 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $46.58, for a total transaction of $162,284.72. Following the completion of the sale, the insider owned 28,649 shares of the company's stock, valued at $1,334,470.42. This trade represents a 10.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 108,061 shares of company stock valued at $4,367,285. Corporate 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.