TTM Technologies, Inc. $TTMI Shares Bought by Paradigm Capital Management Inc. NY

Key Points

• Paradigm Capital Management Inc. NY increased its holdings in TTM Technologies by 23.0% during Q1, owning 53,500 shares valued at approximately $1.1 million.
• TTM Technologies reported earnings per share (EPS) of $0.58 for the last quarter, surpassing estimates and showing a 20.7% year-over-year revenue increase.
• The company has initiated a $100 million stock buyback plan, indicating management's belief that its shares are undervalued.

Paradigm Capital Management Inc. NY raised its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 23.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 53,500 shares of the technology company's stock after acquiring an additional 10,000 shares during the period. Paradigm Capital Management Inc. NY owned approximately 0.05% of TTM Technologies worth $1,097,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quarry LP raised its stake in shares of TTM Technologies by 249.9% in the 1st quarter. Quarry LP now owns 2,110 shares of the technology company's stock valued at $43,000 after purchasing an additional 1,507 shares during the period. USA Financial Formulas raised its position 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 valued at $46,000 after buying an additional 1,216 shares in the last quarter. CWM LLC raised its stake in 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 purchasing an additional 567 shares in the last quarter. State of Wyoming boosted its stake in shares of TTM Technologies by 103.3% in the 4th quarter. State of Wyoming now owns 5,708 shares of the technology company's stock valued at $141,000 after purchasing an additional 2,900 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in TTM Technologies by 227.0% in the first quarter. PNC Financial Services Group Inc. now owns 7,295 shares of the technology company's stock valued at $150,000 after purchasing an additional 5,064 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

Insider Buying and Selling

In other TTM Technologies news, EVP Catherine A. Gridley sold 20,000 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president directly owned 81,986 shares of the company's stock, valued at $3,632,799.66. The trade was a 19.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven Spoto sold 3,484 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $46.58, for a total value of $162,284.72. Following the completion of the transaction, the insider directly owned 28,649 shares in the company, valued at $1,334,470.42. This trade represents a 10.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 109,561 shares of company stock valued at $4,437,320 in the last ninety days. Company insiders own 1.30% of the company's stock.

TTM Technologies Stock Up 2.8%

TTMI traded up $1.27 during trading on Wednesday, hitting $46.23. 1,532,863 shares of the company's stock traded hands, compared to its average volume of 1,939,811. The company has a current ratio of 2.03, a quick ratio of 1.72 and a debt-to-equity ratio of 0.56. TTM Technologies, Inc. has a 12-month low of $15.77 and a 12-month high of $51.15. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 51.37 and a beta of 1.57. The company's 50 day simple moving average is $44.02 and its two-hundred day simple moving average is $31.91.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued 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. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%.The company had revenue of $730.62 million during the quarter, compared to analyst estimates of $668.42 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. TTM Technologies's 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 earnings per share for the current fiscal year.

TTM Technologies announced that its board has approved a stock repurchase plan on Friday, May 9th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 3.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TTMI shares. Stifel Nicolaus raised their price objective on TTM Technologies from $40.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. B. Riley upped their target price 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, August 2nd. Truist Financial raised their target price on TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Finally, Needham & Company LLC reissued a "buy" rating and set a $56.00 target price on shares of TTM Technologies in a report on Friday, August 15th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price 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.