Empowered Funds LLC Buys 14,253 Shares of 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 raised its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 2.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 571,239 shares of the technology company's stock after acquiring an additional 14,253 shares during the period. Empowered Funds LLC owned about 0.56% of TTM Technologies worth $11,716,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TTMI. BNP Paribas Financial Markets grew its position in TTM Technologies by 45.4% during the fourth quarter. BNP Paribas Financial Markets now owns 88,969 shares of the technology company's stock valued at $2,202,000 after acquiring an additional 27,780 shares during the last quarter. Deutsche Bank AG grew its position in TTM Technologies by 46.8% during the fourth quarter. Deutsche Bank AG now owns 86,547 shares of the technology company's stock valued at $2,142,000 after acquiring an additional 27,584 shares during the last quarter. Focus Partners Wealth bought a new position in TTM Technologies during the fourth quarter valued at approximately $782,000. Graham Capital Management L.P. grew its position in TTM Technologies by 47.6% during the fourth quarter. Graham Capital Management L.P. now owns 45,551 shares of the technology company's stock valued at $1,127,000 after acquiring an additional 14,684 shares during the last quarter. Finally, Group One Trading LLC bought a new position in TTM Technologies during the fourth quarter valued at approximately $200,000. 95.79% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Robert P. Farrell sold 1,500 shares of the business's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $46.69, for a total transaction of $70,035.00. Following the sale, the insider owned 23,822 shares in the company, valued at approximately $1,112,249.18. The trade was a 5.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Steven Spoto sold 3,484 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $46.58, for a total transaction of $162,284.72. Following 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,759 shares of company stock worth $4,136,826. 1.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on TTMI. Stifel Nicolaus increased their price target on shares of TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Truist Financial increased their price objective on TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, July 7th. B. Riley increased their price objective on TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Wall Street Zen raised TTM Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, Needham & Company LLC reissued a "buy" rating and set a $56.00 price objective on shares of TTM Technologies in a research note on Friday, August 15th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, TTM Technologies currently has an average rating of "Buy" and an average price target of $52.25.

TTM Technologies Trading Down 3.2%

TTMI stock traded down $1.55 on Friday, reaching $46.77. The company's stock had a trading volume of 2,018,919 shares, compared to its average volume of 1,931,371. The business has a fifty day simple moving average of $44.97 and a two-hundred day simple moving average of $33.07. TTM Technologies, Inc. has a 12-month low of $15.77 and a 12-month high of $51.15. The firm has a market cap of $4.83 billion, a PE ratio of 51.97 and a beta of 1.57. 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 (NASDAQ:TTMI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.06. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%.The company had revenue of $730.62 million during the quarter, compared to analyst estimates of $668.42 million. During the same quarter last year, the firm posted $0.39 earnings per share. The firm's revenue was up 20.7% on a year-over-year basis. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. As a group, research analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current year.

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.