Legal & General Group Plc Sells 11,872 Shares of TTM Technologies, Inc. $TTMI

Legal & General Group Plc lowered its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 266,080 shares of the technology company’s stock after selling 11,872 shares during the quarter. Legal & General Group Plc owned approximately 0.26% of TTM Technologies worth $18,360,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TTMI. Polar Capital Holdings Plc bought a new stake in TTM Technologies during the 3rd quarter worth about $176,376,000. Invesco Ltd. grew its holdings in TTM Technologies by 127.7% during the 3rd quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock worth $277,281,000 after acquiring an additional 2,699,494 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in TTM Technologies by 575.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,831,425 shares of the technology company’s stock worth $105,490,000 after acquiring an additional 1,560,394 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in TTM Technologies during the 3rd quarter worth about $57,271,000. Finally, SG Capital Management LLC bought a new stake in TTM Technologies during the 3rd quarter worth about $53,803,000. 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 analyst reports. Truist Financial increased their price objective on shares of TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday. Needham & Company LLC raised their target price on shares of TTM Technologies from $160.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday. 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 research note on Thursday. B. Riley Financial raised their target price on shares of TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TTM Technologies in a research note on Monday, May 18th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $209.00.

TTM Technologies Stock Performance

Shares of NASDAQ:TTMI opened at $172.44 on Tuesday. The company has a market capitalization of $17.91 billion, a price-to-earnings ratio of 93.21 and a beta of 2.10. The firm’s 50 day simple moving average is $137.67 and its 200 day simple moving average is $103.22. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.61. TTM Technologies, Inc. has a fifty-two week low of $29.48 and a fifty-two week high of $200.68.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $845.98 million for the quarter, compared to the consensus estimate of $789.84 million. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. TTM Technologies’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same period last year, the company posted $0.50 EPS. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. As a group, sell-side analysts forecast that TTM Technologies, Inc. will post 3.7 earnings per share for the current year.

Insider Buying and Selling at TTM Technologies

In related news, Director Thomas T. Edman sold 16,800 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $100.23, for a total value of $1,683,864.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by corporate insiders.

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.