TTM Technologies, Inc. $TTMI Shares Acquired by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. increased its stake in TTM Technologies, Inc. by 127.1% during the first quarter, now owning 0.06% of the company, valued at approximately $1.27 million.
• TTM Technologies recently reported an EPS of $0.58 for the quarter, surpassing analysts' expectation of $0.52, with revenue rising 20.7% year-over-year to $730.62 million.
• Several analysts have upgraded their ratings for TTM Technologies, with target prices raised significantly, resulting in an average consensus price target of $52.25.

Fox Run Management L.L.C. boosted its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 127.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,930 shares of the technology company's stock after acquiring an additional 34,659 shares during the quarter. Fox Run Management L.L.C. owned 0.06% of TTM Technologies worth $1,270,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp increased its position in shares of TTM Technologies by 7.8% during the fourth quarter. Northern Trust Corp now owns 1,159,576 shares of the technology company's stock worth $28,700,000 after acquiring an additional 84,137 shares during the period. Principal Financial Group Inc. grew its stake in TTM Technologies by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 507,745 shares of the technology company's stock worth $10,414,000 after purchasing an additional 13,299 shares in the last quarter. New York State Teachers Retirement System increased its holdings in TTM Technologies by 0.5% during the 1st quarter. New York State Teachers Retirement System now owns 110,577 shares of the technology company's stock worth $2,268,000 after purchasing an additional 567 shares during the period. GAMMA Investing LLC raised its position in TTM Technologies by 2,396.2% in the 1st quarter. GAMMA Investing LLC now owns 50,947 shares of the technology company's stock valued at $1,045,000 after purchasing an additional 48,906 shares in the last quarter. Finally, Emerald Advisers LLC boosted its stake in shares of TTM Technologies by 34.3% in 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 during the period. Hedge funds and other institutional investors own 95.79% of the company's stock.

Wall Street Analysts Forecast Growth

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

TTM Technologies Stock Down 1.1%

Shares of NASDAQ TTMI traded down $0.44 during mid-day trading on Wednesday, reaching $40.06. The company had a trading volume of 2,196,787 shares, compared to its average volume of 2,653,257. The firm has a 50 day simple moving average of $42.64 and a two-hundred day simple moving average of $30.70. TTM Technologies, Inc. has a 52-week low of $15.77 and a 52-week high of $51.15. 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 stock has a market cap of $4.14 billion, a P/E ratio of 44.51 and a beta of 1.48.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released 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 company had revenue of $730.62 million during 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%. TTM Technologies's revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. Sell-side analysts predict that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

TTM Technologies announced that its Board of Directors has authorized a share buyback program on Friday, May 9th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to reacquire up to 3.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Insider Transactions at TTM Technologies

In other TTM Technologies news, insider Tom Clapprood sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $44.68, for a total value of $670,200.00. Following the completion of the sale, the insider owned 23,531 shares in the company, valued at approximately $1,051,365.08. The trade was a 38.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Wajid Ali acquired 5,000 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was purchased at an average cost of $41.75 per share, with a total value of $208,750.00. Following the completion of the acquisition, the director directly owned 19,024 shares of the company's stock, valued at approximately $794,252. This trade represents a 35.65% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 96,568 shares of company stock worth $3,708,900. Insiders own 1.30% of the company's stock.

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.