Empowered Funds LLC Lowers Holdings in TTM Technologies, Inc. $TTMI

Empowered Funds LLC lowered its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 59.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 229,242 shares of the technology company’s stock after selling 341,997 shares during the period. Empowered Funds LLC owned approximately 0.22% of TTM Technologies worth $9,358,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Focus Partners Wealth boosted its position 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 buying an additional 343 shares during the period. Yousif Capital Management LLC boosted its holdings in TTM Technologies by 1.0% in the second quarter. Yousif Capital Management LLC now owns 38,027 shares of the technology company’s stock valued at $1,552,000 after purchasing an additional 374 shares during the period. KLP Kapitalforvaltning AS boosted its holdings in TTM Technologies by 2.4% in the second quarter. KLP Kapitalforvaltning AS now owns 21,200 shares of the technology company’s stock valued at $865,000 after purchasing an additional 500 shares during the period. CWM LLC grew its stake in TTM Technologies by 14.4% during the 1st quarter. CWM LLC now owns 4,501 shares of the technology company’s stock worth $92,000 after purchasing an additional 567 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in TTM Technologies by 30.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,244 shares of the technology company’s stock worth $132,000 after purchasing an additional 760 shares during the period. 95.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Needham & Company LLC lifted their price target on shares of TTM Technologies from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Wall Street Zen cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. Truist Financial raised their price objective on shares of TTM Technologies from $60.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Stifel Nicolaus lifted their price objective on shares of TTM Technologies from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $65.50.

Insider Transactions at TTM Technologies

In other news, EVP Catherine A. Gridley sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $44.31, for a total value of $886,200.00. Following the completion of the sale, the executive vice president directly owned 81,986 shares of the company’s stock, valued at approximately $3,632,799.66. The trade was a 19.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Steven Spoto sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $66.95, for a total value of $66,950.00. Following the transaction, the vice president owned 27,649 shares in the company, valued at $1,851,100.55. This represents a 3.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,279 shares of company stock worth $1,997,587 over the last three months. 1.30% of the stock is currently owned by company insiders.

TTM Technologies Stock Down 1.6%

TTMI stock opened at $63.34 on Wednesday. The stock has a market cap of $6.54 billion, a P/E ratio of 50.27 and a beta of 1.66. The company has a current ratio of 2.03, a quick ratio of 1.72 and a debt-to-equity ratio of 0.56. TTM Technologies, Inc. has a twelve month low of $15.77 and a twelve month high of $71.85. The company’s 50 day moving average is $58.90 and its two-hundred day moving average is $46.12.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, October 29th. The technology company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. TTM Technologies had a net margin of 4.74% and a return on equity of 13.43%. The business had revenue of $752.74 million during the quarter, compared to analysts’ expectations of $711.91 million. During the same quarter in the prior year, the business posted $0.41 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. Research analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

TTM Technologies Company 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.