Wedge Capital Management L L P NC Has $2.22 Million Stock Position in TTM Technologies, Inc. $TTMI

Key Points

• Wedge Capital Management L L P NC reduced its holdings in TTM Technologies by 35.1%, selling 29,370 shares, bringing its ownership to 54,371 shares valued at approximately $2.22 million.
• Insiders at TTM Technologies have sold a total of 77,273 shares valued at $3.28 million over the last quarter, leading to significant decreases in their ownership percentages.
• TTM Technologies reported Q2 earnings of $0.58 per share, surpassing estimates, with revenue reaching $730.62 million, showing a year-over-year increase of 20.7%.

Wedge Capital Management L L P NC trimmed its stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 35.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 54,371 shares of the technology company's stock after selling 29,370 shares during the period. Wedge Capital Management L L P NC owned about 0.05% of TTM Technologies worth $2,219,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of TTM Technologies by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,455 shares of the technology company's stock valued at $1,422,000 after purchasing an additional 2,196 shares during the last quarter. ProShare Advisors LLC grew its position in TTM Technologies by 44.4% during the fourth quarter. ProShare Advisors LLC now owns 30,448 shares of the technology company's stock worth $754,000 after buying an additional 9,366 shares during the period. State of Wyoming increased its position 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 buying an additional 2,900 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of TTM Technologies by 34.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 176,872 shares of the technology company's stock valued at $4,378,000 after purchasing an additional 44,833 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of TTM Technologies in the fourth quarter valued at $4,632,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

TTM Technologies Price Performance

TTMI stock traded up $2.12 during trading on Monday, reaching $54.24. The company's stock had a trading volume of 3,208,462 shares, compared to its average volume of 2,019,603. TTM Technologies, Inc. has a 1 year low of $15.77 and a 1 year high of $54.46. 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 company has a market capitalization of $5.60 billion, a P/E ratio of 60.27 and a beta of 1.57. The company's fifty day moving average is $45.91 and its 200-day moving average is $34.38.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.06. The company had revenue of $730.62 million for 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 period in the prior year, the business earned $0.39 EPS. 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 fiscal year.

Insider Transactions at TTM Technologies

In related news, EVP Catherine A. Gridley sold 25,000 shares of TTM Technologies stock in a transaction that occurred on Tuesday, August 19th. The shares were 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 owned 101,986 shares in the company, valued at approximately $4,126,353.56. This trade represents a 19.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Wajid Ali bought 5,000 shares of TTM Technologies stock in a transaction dated 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 acquisition, the director directly owned 19,024 shares in the company, valued at approximately $794,252. The trade was a 35.65% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 77,273 shares of company stock valued at $3,282,170 in the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on TTMI. B. Riley increased 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. Truist Financial upped their price objective on TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Wall Street Zen upgraded TTM Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 13th. Stifel Nicolaus boosted 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. Finally, Needham & Company LLC reissued a "buy" rating and set a $56.00 target price on shares of TTM Technologies in a research report on Friday, August 15th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, TTM Technologies has a consensus rating of "Buy" and an average target price of $52.25.

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.