Ritholtz Wealth Management Boosts Stake in TTM Technologies, Inc. $TTMI

Ritholtz Wealth Management grew its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 35.0% during the first quarter, HoldingsChannel reports. The firm owned 11,912 shares of the technology company’s stock after acquiring an additional 3,087 shares during the period. Ritholtz Wealth Management’s holdings in TTM Technologies were worth $1,160,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Polar Capital Holdings Plc acquired a new stake in shares of TTM Technologies during the 3rd quarter worth approximately $176,376,000. Invesco Ltd. boosted its stake in shares of TTM Technologies by 127.7% in the third quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock valued at $277,281,000 after purchasing an additional 2,699,494 shares during the period. Whale Rock Capital Management LLC grew its stake in shares of TTM Technologies by 112.1% in the fourth quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company’s stock worth $295,066,000 after acquiring an additional 2,260,035 shares in the last quarter. Castle Hook Partners LP purchased a new stake in TTM Technologies during the 4th quarter worth about $133,351,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of TTM Technologies by 575.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,831,425 shares of the technology company’s stock valued at $105,490,000 after buying an additional 1,560,394 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Insider Activity

In other news, Director Thomas T. Edman sold 16,800 shares of TTM Technologies stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $100.23, for a total transaction of $1,683,864.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Catherine A. Gridley sold 8,966 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total transaction of $1,881,066.80. Following the transaction, the executive vice president owned 69,679 shares in the company, valued at $14,618,654.20. This trade represents a 11.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 75,023 shares of company stock valued at $13,898,800 in the last three months. Company insiders own 1.30% of the company’s stock.

More TTM Technologies News

Here are the key news stories impacting TTM Technologies this week:

• Positive Sentiment: TTM Technologies will join the Russell 1000 Index on June 26 after moving up from the Russell 2000. Index inclusion can lift demand from passive funds and increase institutional visibility. Russell 1000 Index inclusion announcement
• Positive Sentiment: The company’s recent results were strong, with revenue and earnings beating expectations and sales up sharply year over year, supporting the longer-term bullish case for TTMI.
• Neutral Sentiment: TTM also announced a European expansion deal and a new credit agreement earlier this month, which could support growth but also adds execution and financing considerations.
• Negative Sentiment: Multiple insiders, including the COO, CFO, and several EVPs, sold shares near recent highs. The broad insider selling is likely weighing on sentiment and may be reinforcing concerns that the stock had gotten ahead of itself after its rally. Insider sale SEC filing

TTM Technologies Stock Performance

Shares of TTM Technologies stock opened at $191.49 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.61. The company has a market capitalization of $19.89 billion, a P/E ratio of 103.51 and a beta of 2.10. TTM Technologies, Inc. has a 1 year low of $39.20 and a 1 year high of $223.83. The business has a 50 day moving average price of $172.62 and a 200 day moving average price of $120.41.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $845.98 million during the quarter, compared to analysts’ expectations of $789.84 million. TTM Technologies had a return on equity of 13.70% and a net margin of 6.29%.The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. Sell-side analysts anticipate that TTM Technologies, Inc. will post 3.7 EPS for the current fiscal year.

Analysts Set New Price Targets

TTMI has been the topic of several analyst reports. Stifel Nicolaus raised their target price on shares of TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Needham & Company LLC boosted their price objective on shares of TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. B. Riley Financial raised their price target on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TTM Technologies in a report on Monday, May 18th. Finally, Truist Financial boosted their price objective on shares of TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $212.00.

About TTM Technologies

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.