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 lessened its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,062,271 shares of the technology company's stock after selling 380,794 shares during the period. Dimensional Fund Advisors LP owned about 6.95% of TTM Technologies worth $144,847,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TTMI. USA Financial Formulas boosted 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 valued at $46,000 after purchasing an additional 1,216 shares during the period. Sterling Capital Management LLC boosted 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 valued at $79,000 after purchasing an additional 2,831 shares during the period. CWM LLC boosted 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 valued at $92,000 after purchasing an additional 567 shares during the period. State of Wyoming boosted 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 valued at $141,000 after purchasing an additional 2,900 shares during the period. Finally, PNC Financial Services Group Inc. boosted 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 valued at $150,000 after purchasing an additional 5,064 shares during the period. Hedge funds and other institutional investors own 95.79% of the company's stock.

TTM Technologies Trading Up 1.8%

TTMI traded up $0.78 during trading hours on Tuesday, reaching $44.87. The company's stock had a trading volume of 2,283,668 shares, compared to its average volume of 2,700,120. TTM Technologies, Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $51.15. The stock has a market cap of $4.64 billion, a PE ratio of 49.86 and a beta of 1.48. The business's 50-day moving average is $43.22 and its 200-day moving average is $31.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 1.72.

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

TTM Technologies declared that its board has approved a share 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 stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

TTMI has been the subject of a number of recent research reports. B. Riley boosted their price objective 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 raised shares of TTM Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $56.00 price target on shares of TTM Technologies in a report on Friday, August 15th. Stifel Nicolaus upped their price target on shares of TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Truist Financial increased their target price 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. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $52.25.

Insider Buying and Selling

In related news, Director Wajid Ali purchased 5,000 shares of TTM Technologies stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average cost of $41.75 per share, with a total value of $208,750.00. Following the completion of the transaction, the director directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Philip Titterton sold 23,486 shares of the business's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $36.39, for a total transaction of $854,655.54. Following the completion of the sale, the chief operating officer directly owned 123,338 shares of the company's stock, valued at approximately $4,488,269.82. This trade represents a 16.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 96,568 shares of company stock worth $3,708,900 over the last three months. 1.30% of the stock is owned by insiders.

TTM Technologies 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.