State of New Jersey Common Pension Fund D Has $2.61 Million Holdings in TTM Technologies, Inc. $TTMI

Key Points

• State of New Jersey Common Pension Fund D cut its TTM stake by 27.5%, selling 14,355 shares to hold 37,804 shares valued at about $2.61 million per its latest 13F filing.
• TTM beat Q1 expectations, reporting $0.75 EPS vs. $0.66 est. and $846M revenue (up 30.4% YoY), and analysts have largely upgraded ratings with a consensus target near $149.50 (Truist raised its target to $180).
• Company insiders sold 88,350 shares (~$8.8M) over the past 90 days while institutional investors own about 95.79% of the stock and insiders hold roughly 1.3%.

State of New Jersey Common Pension Fund D lessened its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 27.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,804 shares of the technology company's stock after selling 14,355 shares during the period. State of New Jersey Common Pension Fund D's holdings in TTM Technologies were worth $2,608,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Decker Retirement Planning Inc. acquired a new position in shares of TTM Technologies during the third quarter worth $2,963,000. Horizon Investment Services LLC lifted its holdings in shares of TTM Technologies by 255.7% during the third quarter. Horizon Investment Services LLC now owns 27,570 shares of the technology company's stock worth $1,588,000 after purchasing an additional 19,820 shares during the period. FengHe Fund Management Pte. Ltd. acquired a new position in shares of TTM Technologies during the third quarter worth $54,148,000. Oak Ridge Investments LLC acquired a new position in shares of TTM Technologies during the third quarter worth $1,812,000. Finally, Navellier & Associates Inc. acquired a new position in TTM Technologies in the third quarter valued at $3,271,000. Institutional investors and hedge funds own 95.79% of the company's stock.

TTM Technologies Price Performance

Shares of NASDAQ TTMI opened at $164.64 on Thursday. The firm's 50-day moving average price is $111.30 and its 200-day moving average price is $89.29. TTM Technologies, Inc. has a 1-year low of $25.15 and a 1-year high of $180.00. The firm has a market capitalization of $17.10 billion, a P/E ratio of 88.99 and a beta of 2.11. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 0.50.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.09. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. The firm had revenue of $845.98 million for the quarter, compared to analyst estimates of $789.84 million. During the same quarter in the prior year, the business earned $0.50 earnings per share. The business's quarterly revenue was up 30.4% compared to the same quarter last year. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. Equities research analysts anticipate that TTM Technologies, Inc. will post 3.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TTMI shares. Truist Financial boosted their target price on shares of TTM Technologies from $115.00 to $180.00 and gave the company a "buy" rating in a report on Thursday, April 30th. B. Riley Financial restated a "buy" rating on shares of TTM Technologies in a report on Friday, April 24th. Stifel Nicolaus boosted their target price on shares of TTM Technologies from $108.00 to $135.00 and gave the company a "buy" rating in a report on Monday, April 20th. Zacks Research lowered shares of TTM Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, April 6th. Finally, Weiss Ratings upgraded shares of TTM Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, February 18th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, TTM Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $149.50.

Insider Activity

In other news, EVP Catherine A. Gridley sold 20,000 shares of the company's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $105.94, for a total transaction of $2,118,800.00. Following the transaction, the executive vice president owned 78,645 shares in the company, valued at approximately $8,331,651.30. This represents a 20.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Weber sold 12,000 shares of the company's stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $93.88, for a total transaction of $1,126,560.00. Following the transaction, the executive vice president owned 94,621 shares in the company, valued at $8,883,019.48. This represents a 11.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 88,350 shares of company stock worth $8,797,770. Company insiders own 1.30% of the company's stock.

TTM Technologies Company Profile

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company's product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.

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