Empowered Funds LLC Grows Position in TTM Technologies, Inc. $TTMI

Key Points

• Empowered Funds LLC increased its stake in TTM Technologies by 2.6%, owning 571,239 shares worth approximately $11.7 million by the end of the first quarter.
• TTM Technologies reported an earnings per share (EPS) of $0.58 for the last quarter, exceeding the consensus estimate of $0.52, and showed a 20.7% year-over-year revenue growth.
• The stock currently has an average analyst rating of "Buy" with a consensus target price of $52.25, signaling positive expectations for future performance.

Empowered Funds LLC boosted its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 571,239 shares of the technology company's stock after buying an additional 14,253 shares during the quarter. Empowered Funds LLC owned approximately 0.56% of TTM Technologies worth $11,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP lifted its position in TTM Technologies by 249.9% in the first quarter. Quarry LP now owns 2,110 shares of the technology company's stock valued at $43,000 after purchasing an additional 1,507 shares during the last quarter. USA Financial Formulas grew its stake 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 worth $46,000 after acquiring an additional 1,216 shares during the last quarter. CWM LLC grew its stake 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 worth $92,000 after acquiring an additional 567 shares during the last quarter. State of Wyoming grew its stake 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 worth $141,000 after acquiring an additional 2,900 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake 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 worth $150,000 after acquiring an additional 5,064 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.

TTM Technologies Stock Performance

Shares of NASDAQ TTMI traded up $1.68 during trading on Monday, hitting $48.45. The company had a trading volume of 626,328 shares, compared to its average volume of 1,344,780. The stock has a 50 day simple moving average of $44.97 and a 200 day simple moving average of $33.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.72 and a current ratio of 2.03. TTM Technologies, Inc. has a 12 month low of $15.77 and a 12 month high of $51.15. The firm has a market capitalization of $5.01 billion, a P/E ratio of 53.76 and a beta of 1.57.

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

Insider Activity

In related news, insider Steven Spoto sold 3,484 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $46.58, for a total transaction of $162,284.72. Following the completion of the sale, the insider owned 28,649 shares in the company, valued at approximately $1,334,470.42. This trade represents a 10.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Catherine A. Gridley sold 20,000 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $44.31, for a total value of $886,200.00. Following the sale, the executive vice president owned 81,986 shares of the company's stock, valued at $3,632,799.66. This represents a 19.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,759 shares of company stock valued at $4,136,826 in the last three months. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TTMI shares. Stifel Nicolaus upped their price target on TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Truist Financial upped their price target on TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a report on Monday, July 7th. Wall Street Zen raised TTM Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday. Needham & Company LLC reaffirmed a "buy" rating and set a $56.00 price target on shares of TTM Technologies in a report on Friday, August 15th. Finally, B. Riley upped their price target on TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, TTM Technologies currently 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.