TTM Technologies, Inc. $TTMI Holdings Cut by Rhumbline Advisers

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 decreased its stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 4.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in TTM Technologies by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 507,745 shares of the technology company's stock worth $10,414,000 after buying an additional 13,299 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of 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 last quarter. GAMMA Investing LLC increased its stake in shares of TTM Technologies by 2,396.2% during the 1st quarter. GAMMA Investing LLC now owns 50,947 shares of the technology company's stock worth $1,045,000 after purchasing an additional 48,906 shares during the last quarter. Emerald Advisers LLC increased 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 worth $29,533,000 after purchasing an additional 367,798 shares during the last quarter. Finally, Jump Financial LLC increased its stake in shares of TTM Technologies by 419.1% during the 1st quarter. Jump Financial LLC now owns 73,336 shares of the technology company's stock worth $1,504,000 after purchasing an additional 59,209 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other TTM Technologies news, insider Tom Clapprood sold 15,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $44.68, for a total value of $670,200.00. Following the sale, the insider directly owned 23,531 shares in the company, valued at $1,051,365.08. This trade represents a 38.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Catherine A. Gridley sold 20,000 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $44.31, for a total transaction of $886,200.00. Following the completion of the sale, the executive vice president owned 81,986 shares in the company, valued at $3,632,799.66. This represents a 19.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,759 shares of company stock worth $4,136,826. 1.30% of the stock is currently owned by corporate insiders.

TTM Technologies Stock Performance

NASDAQ:TTMI opened at $46.77 on Friday. TTM Technologies, Inc. has a 1 year low of $15.77 and a 1 year high of $51.15. The firm's fifty day simple moving average is $44.97 and its 200 day simple moving average is $33.07. 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 capitalization of $4.83 billion, a PE ratio of 51.97 and a beta of 1.57.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.06. The business had revenue of $730.62 million for the quarter, compared to analyst estimates 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 was up 20.7% compared to the same quarter last year. During the same period last 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 anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current year.

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.

Want to see what other hedge funds are holding TTMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TTM Technologies, Inc. (NASDAQ:TTMI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.