GAMMA Investing LLC Grows Position in TTM Technologies, Inc. $TTMI

GAMMA Investing LLC boosted its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 30.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,244 shares of the technology company’s stock after purchasing an additional 760 shares during the period. GAMMA Investing LLC’s holdings in TTM Technologies were worth $132,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TTMI. Quarry LP boosted its holdings in shares of TTM Technologies by 249.9% during the 1st quarter. Quarry LP now owns 2,110 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,507 shares during the last quarter. USA Financial Formulas raised its position in TTM Technologies by 119.1% in the 1st quarter. USA Financial Formulas now owns 2,237 shares of the technology company’s stock worth $46,000 after purchasing an additional 1,216 shares during the period. CWM LLC raised its position in TTM Technologies by 14.4% in the 1st quarter. CWM LLC now owns 4,501 shares of the technology company’s stock worth $92,000 after purchasing an additional 567 shares during the period. PNC Financial Services Group Inc. raised its position in TTM Technologies by 227.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,295 shares of the technology company’s stock worth $150,000 after purchasing an additional 5,064 shares during the period. Finally, Aigen Investment Management LP purchased a new position in shares of TTM Technologies during the first quarter worth approximately $232,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

TTM Technologies Stock Down 0.3%

TTMI stock opened at $57.60 on Wednesday. The stock has a market capitalization of $5.95 billion, a P/E ratio of 64.00 and a beta of 1.57. The firm has a 50-day simple moving average of $47.13 and a 200-day simple moving average of $35.72. The company has a quick ratio of 1.72, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. TTM Technologies, Inc. has a 52 week low of $15.77 and a 52 week high of $58.74.

TTM Technologies (NASDAQ:TTMI) last announced 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. The company had revenue of $730.62 million during the quarter, compared to analysts’ expectations of $668.42 million. TTM Technologies had a net margin of 3.52% and a return on equity of 11.80%. TTM Technologies’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 EPS. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. Equities analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity

In other TTM Technologies news, insider Tom Clapprood sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $44.68, for a total transaction of $670,200.00. Following the transaction, the insider directly owned 23,531 shares of the company’s stock, valued at approximately $1,051,365.08. This trade represents a 38.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert P. Farrell sold 1,500 shares of TTM Technologies stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $46.69, for a total transaction of $70,035.00. Following the completion of the sale, the insider directly owned 23,822 shares in the company, valued at approximately $1,112,249.18. The trade was a 5.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,477 shares of company stock worth $2,867,405 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TTMI. Truist Financial raised their target price on shares of TTM Technologies from $41.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. B. Riley increased their price objective on shares of TTM Technologies from $36.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Wall Street Zen downgraded shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 26th. Stifel Nicolaus increased their price objective on shares of TTM Technologies from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Needham & Company LLC raised their target price on shares of TTM Technologies from $56.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $54.50.

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.