Wellington Management Group LLP Has $26.87 Million Stock Position in TTM Technologies, Inc. $TTMI

Key Points

• Wellington Management Group LLP has reduced its stake in TTM Technologies by 4.0%, owning 1,310,266 shares worth approximately $26.87 million after selling 54,638 shares.
• TTM Technologies reported earnings of $0.58 EPS for the last quarter, exceeding analysts' estimates, alongside a 20.7% year-over-year revenue increase to $730.62 million.
• The company has initiated a $100 million stock repurchase plan, indicating that the board believes its shares are undervalued.

Wellington Management Group LLP decreased its stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 4.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,310,266 shares of the technology company's stock after selling 54,638 shares during the period. Wellington Management Group LLP owned approximately 1.29% of TTM Technologies worth $26,874,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTMI. USA Financial Formulas grew its holdings in shares of TTM Technologies by 119.1% during the first 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 in the last quarter. CWM LLC grew its stake in TTM Technologies by 14.4% during the first 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 period. State of Wyoming lifted its position in shares of TTM Technologies by 103.3% during the fourth quarter. State of Wyoming now owns 5,708 shares of the technology company's stock worth $141,000 after purchasing an additional 2,900 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of TTM Technologies by 227.0% during the first quarter. PNC Financial Services Group Inc. now owns 7,295 shares of the technology company's stock worth $150,000 after purchasing an additional 5,064 shares in the last quarter. Finally, Group One Trading LLC acquired a new position in shares of TTM Technologies during the fourth quarter worth $200,000. Institutional investors and hedge funds own 95.79% of the company's stock.

TTM Technologies Stock Performance

Shares of TTM Technologies stock traded down $2.43 during midday trading on Friday, hitting $44.48. The company had a trading volume of 903,431 shares, compared to its average volume of 1,315,707. The business's 50 day simple moving average is $43.57 and its two-hundred day simple moving average is $31.49. The stock has a market cap of $4.59 billion, a PE ratio of 49.36 and a beta of 1.48. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 1.72. TTM Technologies, Inc. has a 1-year low of $15.77 and a 1-year high of $51.15.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $730.62 million for the quarter, compared to the consensus estimate of $668.42 million. TTM Technologies had a net margin of 3.52% and a return on equity of 11.80%. TTM Technologies's quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the company posted $0.39 earnings per share. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. As a group, equities analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on TTMI shares. Wall Street Zen raised shares of TTM Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $56.00 target price on shares of TTM Technologies in a research report on Friday, August 15th. Truist Financial upped their price target on shares of TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a report on Monday, July 7th. B. Riley increased their price target on shares of TTM Technologies from $36.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Finally, Stifel Nicolaus increased their price objective on TTM Technologies from $40.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, TTM Technologies presently has a consensus rating of "Buy" and a consensus target price of $52.25.

Insider Activity

In other news, 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 value of $162,284.72. Following the sale, the insider owned 28,649 shares in the company, valued at approximately $1,334,470.42. The trade was a 10.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Catherine A. Gridley sold 20,000 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $44.31, for a total transaction of $886,200.00. Following the completion of the sale, the executive vice president owned 81,986 shares in the company, valued at $3,632,799.66. This represents a 19.61% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 108,061 shares of company stock valued at $4,367,285. 1.30% of the stock is owned by insiders.

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.