Brant Point Investment Management LLC Sells 61,122 Shares of TTM Technologies, Inc. $TTMI

Brant Point Investment Management LLC lowered its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 27.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 160,288 shares of the technology company’s stock after selling 61,122 shares during the period. TTM Technologies comprises 0.7% of Brant Point Investment Management LLC’s holdings, making the stock its 16th largest position. Brant Point Investment Management LLC owned approximately 0.16% of TTM Technologies worth $6,543,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Nuveen LLC bought a new stake in shares of TTM Technologies during the 1st quarter worth $31,763,000. Invesco Ltd. increased its holdings in TTM Technologies by 55.7% during the second quarter. Invesco Ltd. now owns 2,114,409 shares of the technology company’s stock worth $86,310,000 after buying an additional 756,702 shares during the last quarter. Neumeier Poma Investment Counsel LLC purchased a new stake in TTM Technologies during the second quarter worth about $25,824,000. Cubist Systematic Strategies LLC raised its position in TTM Technologies by 1,070.1% in the first quarter. Cubist Systematic Strategies LLC now owns 470,679 shares of the technology company’s stock worth $9,654,000 after acquiring an additional 430,453 shares during the period. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of TTM Technologies in the 2nd quarter worth approximately $16,914,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Truist Financial increased their price objective on TTM Technologies from $60.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Needham & Company LLC increased their price target on TTM Technologies from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Weiss Ratings raised TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Finally, B. Riley boosted their price objective on TTM Technologies from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat.com, TTM Technologies has a consensus rating of “Buy” and a consensus target price of $73.25.

Insider Transactions at TTM Technologies

In other news, insider Anthony Joseph Sandeen sold 2,000 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $67.30, for a total value of $134,600.00. Following the sale, the insider directly owned 41,442 shares of the company’s stock, valued at approximately $2,789,046.60. This represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John G. Mayer sold 9,167 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $68.13, for a total transaction of $624,547.71. Following the transaction, the director directly owned 165,140 shares of the company’s stock, valued at approximately $11,250,988.20. This represents a 5.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 20,070 shares of company stock valued at $1,348,445. Company insiders own 1.30% of the company’s stock.

TTM Technologies Price Performance

TTM Technologies stock opened at $73.74 on Monday. The firm has a market capitalization of $7.62 billion, a P/E ratio of 58.52 and a beta of 1.74. TTM Technologies, Inc. has a one year low of $15.77 and a one year high of $75.00. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.94 and a quick ratio of 1.66. The business has a fifty day moving average price of $62.83 and a 200-day moving average price of $49.68.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. TTM Technologies had a return on equity of 13.21% and a net margin of 4.74%.The company had revenue of $752.74 million for the quarter, compared to analyst estimates of $711.91 million. During the same period in the previous year, the company posted $0.41 EPS. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. As a group, equities research analysts forecast that TTM Technologies, Inc. will post 1.76 EPS 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.