Meeder Asset Management Inc. Takes $2.12 Million Position in TTM Technologies, Inc. $TTMI

Meeder Asset Management Inc. purchased a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the second quarter, Holdings Channel reports. The fund purchased 11,309 shares of the technology company’s stock, valued at approximately $2,115,000.

A number of other large investors have also recently bought and sold shares of TTMI. BlackRock Inc. bought a new position in TTM Technologies during the second quarter valued at about $2,053,347,000. Polar Capital Holdings Plc bought a new position in shares of TTM Technologies in the third quarter valued at approximately $176,376,000. Invesco Ltd. lifted 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 worth $277,281,000 after buying an additional 2,699,494 shares during the last quarter. Whale Rock Capital Management LLC lifted 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 buying an additional 2,260,035 shares during the last quarter. Finally, Castle Hook Partners LP acquired a new stake in TTM Technologies in the 4th quarter valued at approximately $133,351,000. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies News Roundup

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

• Positive Sentiment: TTM agreed to acquire Epiq in an all-cash transaction, expanding its portfolio of AI-enabled software-defined radios, RF products and radiation-tolerant space computing for defense, electronic warfare, signals intelligence and space applications. Management expects the deal to be immediately accretive to adjusted EBITDA margins and accretive to non-GAAP EPS in 2028. TTM Technologies Epiq acquisition announcement
• Positive Sentiment: The acquisition supports TTM’s strategy of moving into higher-value, vertically integrated defense electronics, while the company also plans substantial investments in data-center capacity and U.S. manufacturing. Analysts and market commentary point to continued demand from AI data centers, aerospace and defense, European expansion and potential valuation upside. Zacks TTM Technologies stock analysis
• Positive Sentiment: Needham reaffirmed a Buy rating and set a $220 price target, indicating substantial potential upside if TTM delivers on its growth and acquisition plans. Benzinga analyst rating report
• Neutral Sentiment: Management’s M&A call focused on the strategic rationale, financing and expected synergies. The transaction remains subject to customary closing conditions and regulatory approvals. TTM Technologies M&A call transcript
• Negative Sentiment: The all-cash purchase will raise TTM’s estimated net leverage to 2.3 times at closing. Although management expects leverage to fall to 1.5–1.7 times within 12–18 months, investors may be concerned about higher debt, financing costs, integration risk and the 17.4-times estimated 2027 adjusted EBITDA transaction multiple. Yahoo Finance Epiq acquisition report
• Negative Sentiment: Valuation is another concern after a major one-year rally; commentary cautions that the current multiple leaves little room for execution missteps. Separately, reported insider activity shows numerous sales and no purchases over the past six months, which may add to short-term investor caution. Seeking Alpha TTM Technologies valuation analysis

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of TTM Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. B. Riley Financial upped their price objective on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Stifel Nicolaus lifted their price target on shares of TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Weiss Ratings upgraded shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Finally, Truist Financial lifted their price objective on shares of TTM Technologies from $215.00 to $224.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $214.25.

TTM Technologies Stock Performance

Shares of TTM Technologies stock opened at $125.71 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.78 and a quick ratio of 1.54. TTM Technologies, Inc. has a one year low of $39.20 and a one year high of $223.83. The firm has a market cap of $13.24 billion, a price-to-earnings ratio of 56.63 and a beta of 2.15. The stock’s 50-day moving average is $155.92 and its 200-day moving average is $135.90.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.89 by $0.10. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $962.04 million. During the same period in the previous year, the firm posted $0.58 EPS. The company’s revenue for the quarter was up 37.4% on a year-over-year basis. Equities analysts predict that TTM Technologies, Inc. will post 4.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Catherine A. Gridley sold 3,056 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total value of $638,520.64. Following the completion of the transaction, the executive vice president directly owned 71,866 shares of the company’s stock, valued at approximately $15,015,682.04. This trade represents a 4.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Weber sold 2,915 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total transaction of $609,060.10. Following the completion of the sale, the executive vice president owned 88,250 shares of the company’s stock, valued at approximately $18,438,955. This represents a 3.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 108,241 shares of company stock worth $20,911,975 in the last quarter. 1.30% of the stock is owned by company 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.