Strs Ohio Buys New Shares in TTM Technologies, Inc. $TTMI

Key Points

• Strs Ohio has made an $800,000 investment in TTM Technologies by acquiring 39,000 shares in the technology company during the first quarter.
• TTM Technologies reported a 20.7% increase in revenue year-over-year, with quarterly earnings per share of $0.58, surpassing analysts' expectations.
• The stock is rated as a buy by several analysts, with price targets ranging from $48.00 to $56.00.

Strs Ohio acquired a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 39,000 shares of the technology company's stock, valued at approximately $800,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Nuveen LLC acquired a new stake in TTM Technologies during the first quarter worth approximately $31,763,000. Cubist Systematic Strategies LLC grew its position in TTM Technologies by 1,070.1% in the 1st quarter. Cubist Systematic Strategies LLC now owns 470,679 shares of the technology company's stock worth $9,654,000 after purchasing an additional 430,453 shares in the last quarter. Emerald Advisers LLC lifted its stake in shares of TTM Technologies by 34.3% during the 1st quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company's stock valued at $29,533,000 after buying an additional 367,798 shares in the last quarter. Invesco Ltd. increased its holdings in shares of TTM Technologies by 35.3% in the 1st quarter. Invesco Ltd. now owns 1,357,707 shares of the technology company's stock worth $27,847,000 after buying an additional 354,342 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its position in shares of TTM Technologies by 52.2% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 886,701 shares of the technology company's stock worth $18,186,000 after purchasing an additional 304,176 shares during the period. 95.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on TTMI shares. Needham & Company LLC reissued a "buy" rating and issued a $56.00 price target on shares of TTM Technologies in a report on Friday, August 15th. Wall Street Zen upgraded TTM Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 13th. Truist Financial boosted their price target on 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 stock a "buy" rating in a research report on Thursday, July 31st. Finally, B. Riley upped their target price on TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $52.25.

Insider Buying and Selling at TTM Technologies

In other news, COO Philip Titterton sold 23,486 shares of TTM Technologies stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $36.39, for a total transaction of $854,655.54. Following the completion of the transaction, the chief operating officer directly owned 123,338 shares in the company, valued at approximately $4,488,269.82. The trade was a 16.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Catherine A. Gridley sold 25,000 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $40.46, for a total value 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 trade represents a 19.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,759 shares of company stock valued at $4,136,826 in the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

TTM Technologies Price Performance

Shares of TTM Technologies stock traded down $0.72 on Friday, hitting $52.12. The company's stock had a trading volume of 3,779,067 shares, compared to its average volume of 1,969,334. The company has a market capitalization of $5.38 billion, a P/E ratio of 57.91 and a beta of 1.57. The company has a quick ratio of 1.72, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average price of $45.71 and a 200-day moving average price of $34.08. TTM Technologies, Inc. has a 52-week low of $15.77 and a 52-week high of $53.94.

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

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.