Vanguard Group Inc. Trims Position in TTM Technologies, Inc. $TTMI

Vanguard Group Inc. cut its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,264,170 shares of the technology company's stock after selling 198,806 shares during the quarter. Vanguard Group Inc. owned 13.05% of TTM Technologies worth $272,048,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. USA Financial Formulas lifted its holdings in TTM Technologies by 119.1% during the 1st quarter. USA Financial Formulas now owns 2,237 shares of the technology company's stock worth $46,000 after buying an additional 1,216 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in TTM Technologies by 808.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company's stock worth $79,000 after buying an additional 2,831 shares during the last quarter. CWM LLC lifted its holdings in TTM Technologies by 14.4% during the 1st quarter. CWM LLC now owns 4,501 shares of the technology company's stock worth $92,000 after buying an additional 567 shares during the last quarter. State of Wyoming lifted its holdings in TTM Technologies by 103.3% during the 4th quarter. State of Wyoming now owns 5,708 shares of the technology company's stock worth $141,000 after buying an additional 2,900 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in TTM Technologies by 227.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,295 shares of the technology company's stock worth $150,000 after buying an additional 5,064 shares during the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TTM Technologies

In other TTM Technologies news, insider Tom Clapprood sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $44.68, for a total transaction of $670,200.00. Following the transaction, the insider owned 23,531 shares in the company, valued at approximately $1,051,365.08. The trade was a 38.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Philip Titterton sold 23,486 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $36.39, for a total value of $854,655.54. Following the completion of the sale, the chief operating officer owned 123,338 shares in the company, valued at approximately $4,488,269.82. This represents a 16.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 96,568 shares of company stock worth $3,708,900 in the last three months. 1.30% of the stock is currently owned by corporate insiders.

TTM Technologies Stock Performance

TTMI traded up $2.53 on Friday, hitting $43.31. 639,831 shares of the company traded hands, compared to its average volume of 1,290,949. 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 50 day moving average of $42.73 and a 200-day moving average of $30.82. TTM Technologies, Inc. has a 12-month low of $15.77 and a 12-month high of $51.15. The stock has a market capitalization of $4.47 billion, a PE ratio of 48.09 and a beta of 1.48.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released 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. 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 for the quarter, compared to analysts' expectations of $668.42 million. During the same quarter in the previous year, the firm posted $0.39 EPS. The firm's quarterly 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. Sell-side analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

TTM Technologies announced that its board has initiated a share repurchase plan on Friday, May 9th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 3.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. B. Riley lifted 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. Needham & Company LLC reissued a "buy" rating and issued a $56.00 target price on shares of TTM Technologies in a report on Friday, August 15th. Truist Financial boosted their target price 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, August 2nd. Finally, Stifel Nicolaus boosted their target price on TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $52.25.

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.