TTM Technologies, Inc. $TTMI Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP sold 380,794 shares of TTM Technologies, reducing its stake by 5.1%, and now holds 7,062,271 shares, which is 6.95% of the company, valued at approximately $144.8 million.
• TTM Technologies reported a 20.7% year-over-year increase in revenue for the last quarter, reaching $730.62 million and exceeding analyst expectations of $668.42 million.
• The company's board has authorized a stock repurchase plan allowing for the repurchase of up to $100 million in shares, indicating confidence in the company's valuation.

Dimensional Fund Advisors LP trimmed its holdings in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 5.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,062,271 shares of the technology company's stock after selling 380,794 shares during the period. Dimensional Fund Advisors LP owned 6.95% of TTM Technologies worth $144,847,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TTMI. Nuveen LLC acquired a new stake in shares of TTM Technologies in the first quarter valued at approximately $31,763,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of TTM Technologies during the 4th quarter worth approximately $19,040,000. Emerald Advisers LLC lifted its stake in 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 in the last quarter. Invesco Ltd. lifted its stake in TTM Technologies by 35.3% in the 1st quarter. Invesco Ltd. now owns 1,357,707 shares of the technology company's stock valued at $27,847,000 after buying an additional 354,342 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in TTM Technologies by 52.2% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 886,701 shares of the technology company's stock worth $18,186,000 after buying an additional 304,176 shares in the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

TTM Technologies Stock Down 1.1%

TTMI opened at $40.06 on Thursday. TTM Technologies, Inc. has a 12 month low of $15.77 and a 12 month high of $51.15. The business has a 50-day moving average of $42.64 and a two-hundred day moving average of $30.70. 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 stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 44.51 and a beta of 1.48.

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

TTM Technologies declared that its board has authorized a stock repurchase plan on Friday, May 9th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 3.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, insider Tom Clapprood sold 15,000 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $44.68, for a total transaction of $670,200.00. Following the completion of the sale, the insider directly owned 23,531 shares of the company's stock, valued at $1,051,365.08. The trade was a 38.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Wajid Ali acquired 5,000 shares of the company's stock in a transaction dated Monday, August 18th. The shares were purchased at an average price of $41.75 per share, with a total value of $208,750.00. Following the completion of the acquisition, the director owned 19,024 shares in the company, valued at approximately $794,252. The trade was a 35.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 96,568 shares of company stock worth $3,708,900 over the last 90 days. Company insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Needham & Company LLC restated a "buy" rating and issued a $56.00 price objective on shares of TTM Technologies in a research report on Friday, August 15th. Wall Street Zen raised shares of TTM Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. B. Riley raised 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. Stifel Nicolaus lifted their price target on shares of TTM Technologies from $40.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Truist Financial upped their price objective on shares of TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $52.25.

About TTM Technologies

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.

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