TTM Technologies, Inc. $TTMI Shares Sold by Tocqueville Asset Management L.P.

Key Points

• Tocqueville Asset Management L.P. has reduced its stake in TTM Technologies by 41.0%, selling 22,000 shares, and now holds 31,700 shares valued at approximately $650,000.
• Several institutional investors have increased their holdings in TTM Technologies, with Nuveen LLC acquiring a new position worth around $31.8 million during the first quarter.
• TTM Technologies recently initiated a $100 million stock repurchase plan, which allows the company to repurchase up to 3.7% of its shares, indicating a belief by the board that the stock is undervalued.

Tocqueville Asset Management L.P. lessened its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 41.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,700 shares of the technology company's stock after selling 22,000 shares during the period. Tocqueville Asset Management L.P.'s holdings in TTM Technologies were worth $650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of TTM Technologies in the first quarter valued at about $31,763,000. T. Rowe Price Investment Management Inc. purchased a new position in TTM Technologies during the fourth quarter worth about $19,040,000. Emerald Advisers LLC raised its stake in TTM Technologies by 34.3% during the first quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company's stock worth $29,533,000 after purchasing an additional 367,798 shares during the period. Invesco Ltd. raised its stake in TTM Technologies by 35.3% during the first quarter. Invesco Ltd. now owns 1,357,707 shares of the technology company's stock worth $27,847,000 after purchasing an additional 354,342 shares during the period. Finally, Emerald Mutual Fund Advisers Trust raised its stake in TTM Technologies by 52.2% during the first 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. Hedge funds and other institutional investors own 95.79% of the company's stock.

Insider Buying and Selling

In other TTM Technologies news, SVP Dale Martin Knecht sold 7,487 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $39.01, for a total value of $292,067.87. Following the sale, the senior vice president directly owned 59,947 shares of the company's stock, valued at approximately $2,338,532.47. This represents a 11.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Catherine A. Gridley sold 25,000 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 101,986 shares in the company, valued at approximately $4,126,353.56. This represents a 19.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 96,568 shares of company stock worth $3,708,900. Corporate insiders own 1.30% of the company's stock.

TTM Technologies Stock Up 9.0%

TTMI traded up $3.6640 during trading hours on Friday, hitting $44.4440. 1,970,165 shares of the company's stock were exchanged, compared to its average volume of 1,298,662. TTM Technologies, Inc. has a 12-month low of $15.77 and a 12-month high of $51.15. The firm has a 50 day moving average of $42.73 and a 200 day moving average of $30.82. 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 firm has a market cap of $4.59 billion, a P/E ratio of 49.50 and a beta of 1.48.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced 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. TTM Technologies had a net margin of 3.52% and a return on equity of 11.80%. The company had revenue of $730.62 million for the quarter, compared to the consensus estimate of $668.42 million. During the same period in the prior year, the firm posted $0.39 EPS. The company's quarterly revenue was up 20.7% compared to the same quarter last year. 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.

TTM Technologies declared that its Board of Directors has initiated a stock repurchase plan on Friday, May 9th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 3.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

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

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.