Cascade Investment Advisors Inc. Cuts Stock Position in TTM Technologies, Inc. $TTMI

Cascade Investment Advisors Inc. cut its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 8.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,775 shares of the technology company’s stock after selling 2,550 shares during the period. Cascade Investment Advisors Inc.’s holdings in TTM Technologies were worth $1,093,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its stake in TTM Technologies by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock worth $34,989,000 after purchasing an additional 115,766 shares during the period. Nuveen LLC purchased a new stake in TTM Technologies during the first quarter worth about $31,763,000. Emerald Advisers LLC increased its stake in TTM Technologies by 34.3% during the first 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 period. Invesco Ltd. increased its stake in TTM Technologies by 35.3% during the first 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 period. Finally, Emerald Mutual Fund Advisers Trust increased its stake in TTM Technologies by 52.2% during the first 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 period. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. B. Riley reiterated a “buy” rating on shares of TTM Technologies in a research note on Friday. Wall Street Zen upgraded shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Research lowered shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Needham & Company LLC upped their target price on shares of TTM Technologies from $56.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Finally, Weiss Ratings lowered shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, TTM Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.50.

Insiders Place Their Bets

In other news, insider Tom Clapprood sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $44.68, for a total value of $670,200.00. Following the completion of the sale, the insider directly owned 23,531 shares of the company’s stock, valued at approximately $1,051,365.08. This represents a 38.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven Spoto sold 3,484 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $46.58, for a total value of $162,284.72. Following the completion of the sale, the insider directly owned 28,649 shares of the company’s stock, valued at $1,334,470.42. The trade was a 10.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 66,477 shares of company stock valued at $2,867,405. 1.30% of the stock is owned by insiders.

TTM Technologies Stock Performance

Shares of TTMI opened at $53.58 on Monday. The stock has a 50 day moving average price of $49.03 and a 200 day moving average price of $37.81. The company has a quick ratio of 1.72, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 59.53 and a beta of 1.63. TTM Technologies, Inc. has a 52-week low of $15.77 and a 52-week high of $62.60.

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

About TTM Technologies

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.