Northern Trust Corp Sells 19,842 Shares of TTM Technologies, Inc. $TTMI

Northern Trust Corp reduced its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 1.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,139,734 shares of the technology company’s stock after selling 19,842 shares during the quarter. Northern Trust Corp owned about 1.12% of TTM Technologies worth $23,376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TTMI. Nuveen LLC bought a new stake in TTM Technologies during the 1st quarter worth about $31,763,000. Emerald Advisers LLC raised its holdings in TTM Technologies by 34.3% during the 1st quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company’s stock worth $29,533,000 after purchasing an additional 367,798 shares during the last quarter. Invesco Ltd. raised its holdings in TTM Technologies by 35.3% during the 1st quarter. Invesco Ltd. now owns 1,357,707 shares of the technology company’s stock worth $27,847,000 after purchasing an additional 354,342 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in TTM Technologies by 52.2% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 886,701 shares of the technology company’s stock worth $18,186,000 after purchasing an additional 304,176 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in TTM Technologies during the 4th quarter worth about $4,632,000. 95.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, COO Philip Titterton sold 23,486 shares of the business’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $36.39, for a total value of $854,655.54. Following the completion of the transaction, the chief operating officer directly owned 123,338 shares in the company, valued at approximately $4,488,269.82. The trade was a 16.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Wajid Ali acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average price of $41.75 per share, with a total value of $208,750.00. Following the completion of the transaction, the director directly owned 19,024 shares in the company, valued at $794,252. This trade represents a 35.65% increase in their position. The disclosure for this purchase can be found here. Insiders sold 109,561 shares of company stock worth $4,437,320 in the last three months. 1.30% of the stock is owned by corporate insiders.

TTM Technologies Price Performance

Shares of TTMI opened at $44.57 on Monday. 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 stock has a 50 day simple moving average of $43.72 and a 200 day simple moving average of $31.70. TTM Technologies, Inc. has a 52-week low of $15.77 and a 52-week high of $51.15. The firm has a market capitalization of $4.60 billion, a PE ratio of 49.52 and a beta of 1.57.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.06. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%.The business had revenue of $730.62 million during the quarter, compared to analyst estimates of $668.42 million. During the same period in the previous year, the firm earned $0.39 EPS. TTM Technologies’s quarterly revenue was up 20.7% compared to the same quarter last year. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. Sell-side analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

TTM Technologies declared that its board has authorized a share repurchase program on Friday, May 9th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the technology company to buy up to 3.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have weighed in on TTMI shares. Stifel Nicolaus boosted their price objective on TTM Technologies from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. B. Riley upped their price target on TTM Technologies from $36.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Truist Financial upped their price target on TTM Technologies from $41.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Wall Street Zen raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $56.00 price target on shares of TTM Technologies in a research note on Friday, August 15th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $52.25.

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.