Los Angeles Capital Management LLC Increases Stock Position in TTM Technologies, Inc. $TTMI

Los Angeles Capital Management LLC raised its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 73.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,453 shares of the technology company’s stock after acquiring an additional 7,365 shares during the period. Los Angeles Capital Management LLC’s holdings in TTM Technologies were worth $712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in TTMI. Nuveen LLC purchased a new stake in shares of TTM Technologies in the 1st quarter valued at about $31,763,000. Cubist Systematic Strategies LLC increased its position in TTM Technologies by 1,070.1% during the first quarter. Cubist Systematic Strategies LLC now owns 470,679 shares of the technology company’s stock worth $9,654,000 after buying an additional 430,453 shares during the period. CloudAlpha Capital Management Limited Hong Kong acquired a new position in TTM Technologies during the second quarter worth approximately $16,914,000. Invesco Ltd. lifted its stake in TTM Technologies by 35.3% in the first quarter. Invesco Ltd. now owns 1,357,707 shares of the technology company’s stock valued at $27,847,000 after buying an additional 354,342 shares during the last quarter. Finally, Brant Point Investment Management LLC acquired a new stake in shares of TTM Technologies in the first quarter valued at approximately $4,541,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

TTMI has been the topic of a number of research reports. Weiss Ratings upgraded shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. B. Riley reissued a “buy” rating on shares of TTM Technologies in a research report on Thursday, October 30th. Wall Street Zen lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 19th. Needham & Company LLC increased their target price on shares of TTM Technologies from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $65.50.

Insiders Place Their Bets

In other TTM Technologies news, Director Wajid Ali bought 5,000 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was acquired at an average cost of $41.75 per share, with a total value of $208,750.00. Following the purchase, the director owned 19,024 shares in the company, valued at approximately $794,252. This represents a 35.65% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert P. Farrell sold 3,476 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $68.93, for a total value of $239,600.68. Following the completion of the sale, the insider directly owned 20,346 shares of the company’s stock, valued at $1,402,449.78. This represents a 14.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 52,469 shares of company stock worth $2,341,471. Company insiders own 1.30% of the company’s stock.

TTM Technologies Stock Down 10.5%

TTMI stock opened at $63.10 on Friday. TTM Technologies, Inc. has a one year low of $15.77 and a one year high of $71.85. The stock has a market capitalization of $6.52 billion, a PE ratio of 50.08 and a beta of 1.66. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.72 and a current ratio of 2.03. The company has a fifty day moving average of $57.83 and a 200-day moving average of $44.87.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $752.74 million for the quarter, compared to analyst estimates of $711.91 million. TTM Technologies had a net margin of 4.74% and a return on equity of 13.43%. The business’s revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 earnings per share. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. As a group, analysts expect 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.