Rhumbline Advisers Trims Stake in TTM Technologies, Inc. $TTMI

Key Points

• Rhumbline Advisers reduced its stake in TTM Technologies by 4.8%, owning approximately 0.28% of the company, worth around $5.93 million, after selling 14,677 shares in the first quarter.
• Multiple institutional investors, including Emerald Advisers LLC and Jump Financial LLC, increased their stakes significantly, with Emerald Advisers raising its position by 34.3% and Jump Financial by 419.1% during the same period.
• TTM Technologies recently reported $0.58 earnings per share for the quarter, exceeding analysts' expectations, with a revenue increase of 20.7% compared to the last year.

Rhumbline Advisers lessened its stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 4.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 289,274 shares of the technology company's stock after selling 14,677 shares during the quarter. Rhumbline Advisers owned approximately 0.28% of TTM Technologies worth $5,933,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Quarry LP boosted its stake in TTM Technologies by 249.9% in the 1st quarter. Quarry LP now owns 2,110 shares of the technology company's stock worth $43,000 after purchasing an additional 1,507 shares during the period. USA Financial Formulas lifted its holdings in shares of TTM Technologies by 119.1% in the first quarter. USA Financial Formulas now owns 2,237 shares of the technology company's stock worth $46,000 after buying an additional 1,216 shares in the last quarter. CWM LLC boosted its position in shares of TTM Technologies by 14.4% in the first quarter. CWM LLC now owns 4,501 shares of the technology company's stock valued at $92,000 after acquiring an additional 567 shares during the period. State of Wyoming grew its stake in TTM Technologies by 103.3% during the fourth quarter. State of Wyoming now owns 5,708 shares of the technology company's stock valued at $141,000 after acquiring an additional 2,900 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in TTM Technologies by 227.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,295 shares of the technology company's stock worth $150,000 after acquiring an additional 5,064 shares during the period. Institutional investors own 95.79% of the company's stock.

TTM Technologies Stock Performance

TTMI traded up $3.20 during mid-day trading on Thursday, reaching $52.23. 1,406,484 shares of the company traded hands, compared to its average volume of 1,366,501. 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 stock has a market capitalization of $5.40 billion, a P/E ratio of 58.08 and a beta of 1.57. TTM Technologies, Inc. has a 52-week low of $15.77 and a 52-week high of $52.59. The company's fifty day moving average price is $45.37 and its 200-day moving average price is $33.60.

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

Insider Buying and Selling

In other news, Director Wajid Ali bought 5,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was bought at an average price of $41.75 per share, with a total value of $208,750.00. Following the acquisition, the director owned 19,024 shares of the company's stock, valued at approximately $794,252. This represents a 35.65% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Philip Titterton sold 23,486 shares of the company's stock in a transaction 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 of the company's stock, valued at $4,488,269.82. This represents a 16.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,759 shares of company stock worth $4,136,826 in the last three months. Corporate insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Needham & Company LLC reissued a "buy" rating and set a $56.00 price objective on shares of TTM Technologies in a research note on Friday, August 15th. Truist Financial lifted their price objective on TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a 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 report on Thursday, July 31st. B. Riley boosted their price target on TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Finally, Wall Street Zen raised TTM Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 13th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $52.25.

TTM Technologies Company 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.