Envestnet Asset Management Inc. Sells 3,266 Shares of TTM Technologies, Inc. $TTMI

Envestnet Asset Management Inc. reduced its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 23.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,608 shares of the technology company’s stock after selling 3,266 shares during the quarter. Envestnet Asset Management Inc.’s holdings in TTM Technologies were worth $433,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its position in shares of TTM Technologies by 7.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock worth $34,989,000 after acquiring an additional 115,766 shares in the last quarter. Nuveen LLC acquired a new stake in shares of TTM Technologies in the 1st quarter valued at $31,763,000. Invesco Ltd. increased its stake in shares of TTM Technologies by 35.3% in the 1st quarter. Invesco Ltd. now owns 1,357,707 shares of the technology company’s stock valued at $27,847,000 after purchasing an additional 354,342 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of TTM Technologies by 2.6% during the 1st quarter. Empowered Funds LLC now owns 571,239 shares of the technology company’s stock worth $11,716,000 after buying an additional 14,253 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in shares of TTM Technologies by 1,070.1% during the 1st quarter. Cubist Systematic Strategies LLC now owns 470,679 shares of the technology company’s stock worth $9,654,000 after buying an additional 430,453 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on TTMI shares. Truist Financial lifted their target price on TTM Technologies from $60.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Needham & Company LLC lifted their price target on shares of TTM Technologies from $77.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. B. Riley reiterated a “buy” rating on shares of TTM Technologies in a research report on Thursday, October 30th. Wall Street Zen lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 19th. Finally, Stifel Nicolaus boosted their target price on shares of TTM Technologies from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat.com, TTM Technologies presently has an average rating of “Buy” and an average price target of $65.50.

Insider Buying and Selling

In other news, Director John G. Mayer sold 9,167 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $68.13, for a total value of $624,547.71. Following the completion of the sale, the director owned 165,140 shares of the company’s stock, valued at approximately $11,250,988.20. This represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Julie Spicer England sold 3,784 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $63.34, for a total value of $239,678.56. Following the transaction, the director owned 106,541 shares of the company’s stock, valued at $6,748,306.94. This trade represents a 3.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 19,570 shares of company stock worth $1,283,880. Corporate insiders own 1.30% of the company’s stock.

TTM Technologies Trading Up 5.5%

TTMI opened at $68.51 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 1.72. TTM Technologies, Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $71.85. The company’s 50 day moving average price is $60.31 and its two-hundred day moving average price is $47.43. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 54.37 and a beta of 1.66.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $752.74 million for the quarter, compared to analyst estimates of $711.91 million. TTM Technologies had a net margin of 4.74% and a return on equity of 13.43%. TTM Technologies’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. As a group, research analysts predict that TTM Technologies, Inc. will post 1.76 earnings per share for the current 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.