Assenagon Asset Management S.A. Sells 26,158 Shares of TTM Technologies, Inc. $TTMI

Assenagon Asset Management S.A. trimmed its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 37.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,325 shares of the technology company’s stock after selling 26,158 shares during the quarter. Assenagon Asset Management S.A.’s holdings in TTM Technologies were worth $2,989,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Polar Capital Holdings Plc bought a new stake in shares of TTM Technologies during the 3rd quarter valued at about $176,376,000. Invesco Ltd. increased its position in shares of TTM Technologies by 127.7% in the third quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock worth $277,281,000 after purchasing an additional 2,699,494 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in TTM Technologies by 575.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,831,425 shares of the technology company’s stock valued at $105,490,000 after purchasing an additional 1,560,394 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in TTM Technologies in the third quarter valued at approximately $57,271,000. Finally, FengHe Fund Management Pte. Ltd. bought a new stake in TTM Technologies during the third quarter valued at approximately $54,148,000. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies Trading Down 7.5%

TTMI stock opened at $88.29 on Tuesday. The company has a market capitalization of $9.17 billion, a PE ratio of 52.24 and a beta of 1.74. TTM Technologies, Inc. has a one year low of $15.77 and a one year high of $113.46. The company’s 50 day moving average price is $98.20 and its two-hundred day moving average price is $77.31. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.67 and a current ratio of 1.93.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. TTM Technologies had a net margin of 6.11% and a return on equity of 13.30%. The company had revenue of $763.53 million during the quarter, compared to analysts’ expectations of $752.96 million. During the same quarter in the prior year, the company earned $0.60 EPS. The firm’s revenue was up 19.0% on a year-over-year basis. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. As a group, analysts predict that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on TTMI. B. Riley Financial boosted their price target on shares of TTM Technologies from $81.00 to $123.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Needham & Company LLC raised their price objective on shares of TTM Technologies from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Zacks Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Stifel Nicolaus set a $108.00 target price on TTM Technologies in a research note on Thursday, February 5th. Finally, Weiss Ratings upgraded TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $117.25.

Insiders Place Their Bets

In other news, EVP Daniel J. Weber sold 12,000 shares of TTM Technologies stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $93.88, for a total value of $1,126,560.00. Following the transaction, the executive vice president owned 94,621 shares in the company, valued at approximately $8,883,019.48. The trade was a 11.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Catherine A. Gridley sold 20,000 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $105.94, for a total value of $2,118,800.00. Following the completion of the sale, the executive vice president directly owned 78,645 shares of the company’s stock, valued at approximately $8,331,651.30. This trade represents a 20.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 105,150 shares of company stock valued at $9,900,522 over the last three months. Insiders own 1.30% of the company’s stock.

About TTM Technologies

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.