TTM Technologies, Inc. $TTMI Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. has reduced its stake in TTM Technologies by 5.4%, now holding approximately 1.81% of the company, valued at $37.8 million.
• TTM Technologies recently reported earnings of $0.58 per share, exceeding analyst expectations and marking a 20.7% year-over-year revenue increase to $730.62 million.
• The company's Board of Directors has approved a $100 million share buyback plan, suggesting management believes the stock is undervalued.

Charles Schwab Investment Management Inc. trimmed its stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 5.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,843,126 shares of the technology company's stock after selling 106,170 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.81% of TTM Technologies worth $37,803,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TTMI. USA Financial Formulas raised 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 acquiring an additional 1,216 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of TTM Technologies by 808.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company's stock worth $79,000 after acquiring an additional 2,831 shares during the last quarter. CWM LLC raised its holdings 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 worth $92,000 after acquiring an additional 567 shares during the last quarter. State of Wyoming raised its holdings in shares of TTM Technologies by 103.3% in the fourth quarter. State of Wyoming now owns 5,708 shares of the technology company's stock worth $141,000 after acquiring an additional 2,900 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of 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 worth $150,000 after acquiring an additional 5,064 shares during the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, insider Tom Clapprood sold 15,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $1,051,365.08. This represents a 38.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Catherine A. Gridley sold 25,000 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $40.46, for a total value of $1,011,500.00. Following the completion of the sale, the executive vice president directly owned 101,986 shares of the company's stock, valued at $4,126,353.56. The trade was a 19.69% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 96,568 shares of company stock valued at $3,708,900. 1.30% of the stock is owned by insiders.

TTM Technologies Trading Up 8.3%

TTMI stock traded up $3.3850 during trading on Friday, reaching $44.1650. 1,612,918 shares of the stock traded hands, compared to its average volume of 1,297,315. The business's 50 day moving average price is $42.73 and its 200-day moving average price is $30.82. TTM Technologies, Inc. has a 52-week low of $15.77 and a 52-week high of $51.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 1.72. The firm has a market capitalization of $4.56 billion, a PE ratio of 49.11 and a beta of 1.48.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly 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. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%.The firm had revenue of $730.62 million during the quarter, compared to the consensus estimate of $668.42 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. The firm'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. As a group, sell-side analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

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

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.