Needham Investment Management LLC Sells 32,250 Shares of TTM Technologies, Inc. $TTMI

Needham Investment Management LLC decreased its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 14.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 185,250 shares of the technology company’s stock after selling 32,250 shares during the period. Needham Investment Management LLC’s holdings in TTM Technologies were worth $12,782,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in TTMI. Vanguard Group Inc. lifted its stake in TTM Technologies by 0.5% in the third quarter. Vanguard Group Inc. now owns 13,156,053 shares of the technology company’s stock worth $757,789,000 after acquiring an additional 60,002 shares during the period. Invesco Ltd. lifted its position in TTM Technologies by 127.7% during the third quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock valued at $277,281,000 after buying an additional 2,699,494 shares during the period. Polar Capital Holdings Plc purchased a new position in TTM Technologies during the third quarter valued at $176,376,000. Geode Capital Management LLC lifted its position in TTM Technologies by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 2,667,956 shares of the technology company’s stock valued at $184,119,000 after buying an additional 81,588 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of TTM Technologies by 22.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,237,627 shares of the technology company’s stock valued at $154,396,000 after acquiring an additional 406,202 shares in the last quarter. 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

TTM Technologies Trading Up 6.5%

TTM Technologies stock opened at $206.66 on Tuesday. The business has a 50-day simple moving average of $154.76 and a two-hundred day simple moving average of $111.59. The company has a market cap of $21.46 billion, a P/E ratio of 111.71 and a beta of 2.10. TTM Technologies, Inc. has a 52-week low of $35.52 and a 52-week high of $209.08. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 0.50.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Truist Financial raised their price target on TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Stifel Nicolaus lifted their price objective on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Wall Street Zen downgraded TTM Technologies from a “buy” rating to a “hold” rating in a report on Saturday. Finally, B. Riley Financial lifted 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. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $209.00.

TTM Technologies Company 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.