TTM Technologies, Inc. $TTMI Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System cut its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 50.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,808 shares of the technology company’s stock after selling 14,915 shares during the period. Maryland State Retirement & Pension System’s holdings in TTM Technologies were worth $853,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTMI. FengHe Fund Management Pte. Ltd. acquired a new position in shares of TTM Technologies in the third quarter worth about $54,148,000. Invesco Ltd. increased its stake in shares of TTM Technologies by 55.7% in the 2nd quarter. Invesco Ltd. now owns 2,114,409 shares of the technology company’s stock valued at $86,310,000 after purchasing an additional 756,702 shares in the last quarter. Neumeier Poma Investment Counsel LLC acquired a new position in TTM Technologies in the 2nd quarter worth about $25,824,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in TTM Technologies in the 2nd quarter worth about $16,914,000. Finally, Hel Ved Capital Management Ltd purchased a new position in TTM Technologies during the second quarter worth approximately $7,962,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Insider Activity at TTM Technologies

In other news, Director Thomas T. Edman sold 16,800 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $69.75, for a total value of $1,171,800.00. Following the completion of the sale, the director directly owned 804,923 shares in the company, valued at $56,143,379.25. This represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John G. Mayer sold 9,167 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $68.13, for a total value of $624,547.71. Following the completion of the sale, the director directly owned 165,140 shares of the company’s stock, valued at approximately $11,250,988.20. This represents a 5.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 36,870 shares of company stock worth $2,520,245 in the last 90 days. 1.30% of the stock is owned by insiders.

TTM Technologies Stock Up 2.1%

NASDAQ TTMI opened at $99.87 on Thursday. The business has a fifty day moving average price of $73.56 and a 200 day moving average price of $59.21. TTM Technologies, Inc. has a one year low of $15.77 and a one year high of $106.68. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.66 and a current ratio of 1.94. The company has a market cap of $10.32 billion, a P/E ratio of 79.26 and a beta of 1.74.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, October 29th. The technology company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. The company had revenue of $752.74 million for the quarter, compared to analysts’ expectations of $711.91 million. TTM Technologies had a net margin of 4.74% and a return on equity of 13.21%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 EPS. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. Research analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TTMI shares. Truist Financial set a $113.00 price objective on TTM Technologies in a research report on Wednesday, January 14th. Needham & Company LLC lifted their price target on shares of TTM Technologies from $79.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Wall Street Zen lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. Zacks Research downgraded shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, B. Riley lifted their target price on shares of TTM Technologies from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $88.50.

TTM Technologies Profile

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.