TTM Technologies, Inc. $TTMI Shares Sold by Keeley Teton Advisors LLC

Key Points

• Keeley Teton Advisors LLC reduced its stake in TTM Technologies by 5.9%, owning approximately 160,832 shares now valued at $3.3 million after selling nearly 10,000 shares in Q1.
• TTM Technologies reported Q2 earnings of $0.58 per share, surpassing expectations and indicating significant growth with a 20.7% year-over-year revenue increase to $730.62 million.
• Research analysts have raised their target prices for TTM Technologies, with consensus now indicating a "Buy" rating and a target price averaging around $52.25 as several firms adjust their estimates.

Keeley Teton Advisors LLC trimmed its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 5.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,832 shares of the technology company's stock after selling 9,996 shares during the period. Keeley Teton Advisors LLC owned approximately 0.16% of TTM Technologies worth $3,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Walleye Capital LLC purchased a new stake in TTM Technologies in the first quarter worth $2,904,000. Jump Financial LLC increased its stake in shares of TTM Technologies by 419.1% during the first quarter. Jump Financial LLC now owns 73,336 shares of the technology company's stock valued at $1,504,000 after buying an additional 59,209 shares during the period. AlphaQuest LLC increased its stake in shares of TTM Technologies by 891.3% during the first quarter. AlphaQuest LLC now owns 22,660 shares of the technology company's stock valued at $465,000 after buying an additional 20,374 shares during the period. Martingale Asset Management L P increased its stake in shares of TTM Technologies by 15.8% during the first quarter. Martingale Asset Management L P now owns 71,614 shares of the technology company's stock valued at $1,469,000 after buying an additional 9,759 shares during the period. Finally, Quantbot Technologies LP boosted its position in TTM Technologies by 96.3% during the first quarter. Quantbot Technologies LP now owns 40,709 shares of the technology company's stock valued at $835,000 after purchasing an additional 19,974 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TTM Technologies

In other TTM Technologies news, SVP Dale Martin Knecht sold 7,662 shares of the business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $34.16, for a total transaction of $261,733.92. Following the transaction, the senior vice president owned 67,544 shares of the company's stock, valued at approximately $2,307,303.04. The trade was a 10.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tom Clapprood sold 15,000 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $44.68, for a total value of $670,200.00. Following the transaction, the insider directly owned 23,531 shares in the company, valued at $1,051,365.08. This trade represents a 38.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,061 shares of company stock valued at $4,367,285 in the last three months. Company insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

TTMI has been the subject of several recent analyst reports. B. Riley raised their price target on TTM Technologies from $36.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Stifel Nicolaus raised their price target on TTM Technologies from $40.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Wall Street Zen raised TTM Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Needham & Company LLC reissued a "buy" rating and issued a $56.00 price target on shares of TTM Technologies in a report on Friday, August 15th. Finally, Truist Financial raised 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. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $52.25.

TTM Technologies Price Performance

Shares of TTMI stock traded down $2.33 during trading hours on Friday, hitting $44.57. 1,513,766 shares of the company's stock were exchanged, compared to its average volume of 1,319,646. The company has a quick ratio of 1.72, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The firm has a market cap of $4.60 billion, a P/E ratio of 49.52 and a beta of 1.48. The firm has a 50 day moving average of $43.57 and a two-hundred day moving average of $31.49. TTM Technologies, Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $51.15.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its earnings results 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. The business had revenue of $730.62 million during the quarter, compared to the consensus estimate of $668.42 million. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%.The business's quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 EPS. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. Sell-side analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current year.

TTM Technologies declared that its Board of Directors has approved a stock buyback 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 buy up to 3.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership 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.