TTM Technologies, Inc. $TTMI Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 43.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,143 shares of the technology company’s stock after selling 21,290 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in TTM Technologies were worth $1,143,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC acquired a new position in shares of TTM Technologies in the 2nd quarter valued at $229,000. KLP Kapitalforvaltning AS raised its position in shares of TTM Technologies by 2.4% in the second quarter. KLP Kapitalforvaltning AS now owns 21,200 shares of the technology company’s stock worth $865,000 after acquiring an additional 500 shares during the period. State of Alaska Department of Revenue raised its position in shares of TTM Technologies by 7.2% in the second quarter. State of Alaska Department of Revenue now owns 60,543 shares of the technology company’s stock worth $2,470,000 after acquiring an additional 4,043 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in shares of TTM Technologies during the 2nd quarter worth about $880,000. Finally, GAMMA Investing LLC grew its position in shares of TTM Technologies by 30.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,244 shares of the technology company’s stock valued at $132,000 after acquiring an additional 760 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Insiders Place Their Bets

In related news, insider Steven Spoto sold 3,484 shares of the company’s stock in a transaction dated 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 owned 28,649 shares of the company’s stock, valued at approximately $1,334,470.42. This represents a 10.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Wajid Ali acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average cost of $41.75 per share, with a total value of $208,750.00. Following the acquisition, the director directly owned 19,024 shares of the company’s stock, valued at $794,252. This trade represents a 35.65% increase in their position. 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. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

TTMI has been the topic of a number of recent analyst reports. B. Riley reiterated a “buy” rating on shares of TTM Technologies in a research report on Friday, October 10th. Needham & Company LLC lifted 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. Wall Street Zen lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday. Truist Financial increased their price objective on shares of TTM Technologies from $41.00 to $48.00 and gave the company a “buy” rating in a report on Monday, July 7th. Finally, Stifel Nicolaus lifted their target price on shares of TTM Technologies from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

TTM Technologies Price Performance

Shares of NASDAQ TTMI opened at $55.69 on Thursday. The firm has a 50-day simple moving average of $51.00 and a 200-day simple moving average of $39.60. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 61.88 and a beta of 1.63. 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 $62.60.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, July 30th. The technology company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. The business 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 company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 earnings per share. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. On average, equities analysts predict that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

TTM Technologies 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.