TTM Technologies, Inc. $TTMI Shares Sold by Gabelli Funds LLC

Key Points

• Gabelli Funds cut its stake in TTM by 27.1% in Q3, selling 12,983 shares and leaving 35,000 shares valued at $2.02M, while other institutions (e.g., Orion, Legato, Quantbot, Mitsubishi UFJ) concurrently added or boosted positions—institutional ownership stands at 95.79%.
• Significant insider selling has occurred recently: executives sold a total of 105,150 shares (~$9.9M) in the last 90 days, including EVP Catherine Gridley (20,000 shares at $105.94) and EVP Daniel Weber (12,000 shares at $93.88), with insiders now owning 1.30% of the stock.
• Wall Street sentiment is bullish after TTM reported an EPS beat ($0.70 vs. $0.68) and 19% revenue growth; several firms raised targets and ratings, leaving a consensus "Buy" and an average price target of $117.25 (Q1 2026 guidance: $0.64–$0.70 EPS).

Gabelli Funds LLC cut its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 27.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,000 shares of the technology company's stock after selling 12,983 shares during the quarter. Gabelli Funds LLC's holdings in TTM Technologies were worth $2,016,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Orion Porfolio Solutions LLC acquired a new stake in shares of TTM Technologies in the third quarter valued at about $2,479,000. Legato Capital Management LLC boosted its holdings in TTM Technologies by 104.6% during the third quarter. Legato Capital Management LLC now owns 20,000 shares of the technology company's stock worth $1,152,000 after buying an additional 10,225 shares in the last quarter. Quantbot Technologies LP grew its position in TTM Technologies by 75.2% during the third quarter. Quantbot Technologies LP now owns 48,536 shares of the technology company's stock worth $2,796,000 after buying an additional 20,833 shares during the period. Choreo LLC grew its position in TTM Technologies by 1.4% during the third quarter. Choreo LLC now owns 14,196 shares of the technology company's stock worth $818,000 after buying an additional 191 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in TTM Technologies by 15.1% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105,559 shares of the technology company's stock valued at $6,080,000 after buying an additional 13,887 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.

Insider Buying and Selling at TTM Technologies

In other news, EVP Catherine A. Gridley sold 20,000 shares of the company's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $105.94, for a total value of $2,118,800.00. Following the sale, the executive vice president directly owned 78,645 shares in the company, valued at $8,331,651.30. This represents a 20.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Weber sold 12,000 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $93.88, for a total value of $1,126,560.00. Following the sale, the executive vice president directly owned 94,621 shares in the company, valued at approximately $8,883,019.48. The trade was a 11.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 105,150 shares of company stock worth $9,900,522. 1.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TTMI. Needham & Company LLC lifted their price target on shares of TTM Technologies from $105.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, February 5th. Weiss Ratings upgraded TTM Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, February 18th. Truist Financial set a $113.00 price objective on TTM Technologies in a report on Wednesday, January 14th. Zacks Research upgraded TTM Technologies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 27th. Finally, B. Riley Financial upped their target price on TTM Technologies from $81.00 to $123.00 and gave the company a "buy" rating in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $117.25.

TTM Technologies Stock Down 0.4%

Shares of NASDAQ TTMI opened at $96.43 on Wednesday. The firm's 50-day moving average is $93.76 and its two-hundred day moving average is $72.36. The company has a market capitalization of $9.97 billion, a PE ratio of 57.06 and a beta of 1.74. TTM Technologies, Inc. has a 12-month low of $15.77 and a 12-month high of $113.46. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.93 and a quick ratio of 1.67.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. TTM Technologies had a net margin of 6.11% and a return on equity of 13.30%. The business had revenue of $763.53 million during the quarter, compared to analysts' expectations of $752.96 million. During the same period last year, the company posted $0.60 EPS. The company's revenue was up 19.0% on a year-over-year basis. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. Equities analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

About TTM Technologies

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company's product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.

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