Valliance Asset Management Ltd Invests $2.82 Million in TTM Technologies, Inc. $TTMI

Key Points

• Valliance Asset Management Ltd invested approximately $2.82 million in TTM Technologies, acquiring 68,972 shares, which now represents 22.3% of Valliance's portfolio, making it the firm's third-largest position.
• TTM Technologies reported a 20.7% year-over-year revenue increase, achieving $730.62 million for the quarter and EPS of $0.58, exceeding analysts' expectations of $0.52.
• Insider transactions included significant sales, with Robert P. Farrell selling 1,500 shares at an average price of $46.69 and Catherine A. Gridley selling 20,000 shares at an average price of $44.31, reflecting their declining ownership stakes in the company.

Valliance Asset Management Ltd acquired a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 68,972 shares of the technology company's stock, valued at approximately $2,815,000. TTM Technologies accounts for approximately 22.3% of Valliance Asset Management Ltd's portfolio, making the stock its 3rd largest position. Valliance Asset Management Ltd owned approximately 0.07% of TTM Technologies at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Quarry LP boosted its holdings in shares of TTM Technologies by 249.9% during the first quarter. Quarry LP now owns 2,110 shares of the technology company's stock worth $43,000 after acquiring an additional 1,507 shares during the period. Concord Wealth Partners acquired a new stake in shares of TTM Technologies in the second quarter valued at approximately $47,000. CWM LLC raised its position 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 valued at $92,000 after buying an additional 567 shares in the last quarter. GAMMA Investing LLC raised its position in shares of TTM Technologies by 30.6% in the second quarter. GAMMA Investing LLC now owns 3,244 shares of the technology company's stock valued at $132,000 after buying an additional 760 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position 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 valued at $150,000 after buying an additional 5,064 shares in the last quarter. Institutional investors own 95.79% of the company's stock.

Insider Buying and Selling

In other news, insider Robert P. Farrell sold 1,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 23,822 shares of the company's stock, valued at $1,112,249.18. This represents a 5.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Catherine A. Gridley sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $44.31, for a total transaction of $886,200.00. Following the completion of the transaction, the executive vice president directly owned 81,986 shares of the company's stock, valued at approximately $3,632,799.66. This trade represents a 19.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,477 shares of company stock worth $2,867,405 over the last ninety days. Insiders own 1.30% of the company's stock.

TTM Technologies Stock Performance

Shares of TTM Technologies stock opened at $58.40 on Friday. The company has a quick ratio of 1.72, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. TTM Technologies, Inc. has a twelve month low of $15.77 and a twelve month high of $62.60. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 64.89 and a beta of 1.63. The company's fifty day moving average is $51.31 and its 200 day moving average is $39.88.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.06. TTM Technologies had a net margin of 3.52% and a return on equity of 11.80%. The business had revenue of $730.62 million for the quarter, compared to analysts' expectations of $668.42 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The business's quarterly revenue 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. Sell-side analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on TTMI. Needham & Company LLC lifted their price target on shares of TTM Technologies from $56.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, September 23rd. Wall Street Zen downgraded shares of TTM Technologies from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 19th. Truist Financial lifted their price target on shares of TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Weiss Ratings downgraded shares of TTM Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus boosted their price objective 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. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $54.50.

TTM Technologies 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.

Want to see what other hedge funds are holding TTMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TTM Technologies, Inc. (NASDAQ:TTMI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.