KLP Kapitalforvaltning AS Has $865,000 Holdings in TTM Technologies, Inc. $TTMI

KLP Kapitalforvaltning AS grew its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 2.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,200 shares of the technology company’s stock after purchasing an additional 500 shares during the period. KLP Kapitalforvaltning AS’s holdings in TTM Technologies were worth $865,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TTMI. Focus Partners Wealth lifted its stake in TTM Technologies by 1.1% in the 1st quarter. Focus Partners Wealth now owns 31,944 shares of the technology company’s stock valued at $655,000 after purchasing an additional 343 shares during the last quarter. New York State Teachers Retirement System lifted its stake in TTM Technologies by 0.5% in the 1st quarter. New York State Teachers Retirement System now owns 110,577 shares of the technology company’s stock valued at $2,268,000 after purchasing an additional 567 shares during the last quarter. CWM LLC lifted its stake in TTM Technologies by 14.4% in the 1st quarter. CWM LLC now owns 4,501 shares of the technology company’s stock valued at $92,000 after purchasing an additional 567 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in TTM Technologies by 4.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,609 shares of the technology company’s stock valued at $300,000 after purchasing an additional 660 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in TTM Technologies by 30.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,244 shares of the technology company’s stock valued at $132,000 after purchasing an additional 760 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

TTM Technologies Trading Up 5.4%

NASDAQ:TTMI opened at $58.21 on Thursday. The company has a current ratio of 2.03, a quick ratio of 1.72 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of 64.68 and a beta of 1.63. The firm has a fifty day simple moving average of $49.77 and a two-hundred day simple moving average of $38.31. TTM Technologies, Inc. has a 12 month low of $15.77 and a 12 month high of $62.60.

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 analysts’ consensus estimates of $0.52 by $0.06. The firm 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%. The business’s revenue was up 20.7% on a year-over-year basis. During the same period last year, the company earned $0.39 earnings per share. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. Analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Insider Activity

In other news, insider Steven Spoto sold 3,484 shares of TTM Technologies stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $46.58, for a total transaction of $162,284.72. Following the completion of the transaction, the insider directly owned 28,649 shares in the company, valued at $1,334,470.42. This trade represents a 10.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Wajid Ali acquired 5,000 shares of TTM Technologies stock in a transaction dated Monday, August 18th. The shares were acquired at an average price of $41.75 per share, with a total value of $208,750.00. Following the completion of the acquisition, the director directly owned 19,024 shares of the company’s stock, valued at approximately $794,252. The trade was a 35.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 66,477 shares of company stock valued at $2,867,405. 1.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Weiss Ratings downgraded shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. 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. Truist Financial raised their price target on shares of TTM Technologies from $41.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Needham & Company LLC raised their price target 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. Finally, B. Riley reaffirmed a “buy” rating on shares of TTM Technologies in a research note on Friday, October 10th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

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.