Phocas Financial Corp. Sells 89,580 Shares of TTM Technologies, Inc. $TTMI

Phocas Financial Corp. cut its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 35.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 165,357 shares of the technology company’s stock after selling 89,580 shares during the period. TTM Technologies makes up 1.5% of Phocas Financial Corp.’s holdings, making the stock its 13th largest position. Phocas Financial Corp.’s holdings in TTM Technologies were worth $11,410,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings in shares of TTM Technologies by 4.4% in the third quarter. Larson Financial Group LLC now owns 3,978 shares of the technology company’s stock valued at $229,000 after purchasing an additional 167 shares in the last quarter. Optiver Holding B.V. raised its position in TTM Technologies by 66.4% in the 3rd quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock valued at $25,000 after buying an additional 170 shares during the last quarter. Choreo LLC raised its holdings in shares of TTM Technologies by 1.4% in the third quarter. Choreo LLC now owns 14,196 shares of the technology company’s stock valued at $818,000 after purchasing an additional 191 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of TTM Technologies by 8.3% in the third quarter. GAMMA Investing LLC now owns 3,512 shares of the technology company’s stock valued at $202,000 after purchasing an additional 268 shares during the last quarter. Finally, Focus Partners Wealth lifted its position in shares of TTM Technologies by 1.1% in the first quarter. Focus Partners Wealth now owns 31,944 shares of the technology company’s stock worth $655,000 after purchasing an additional 343 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Analysts Set New Price Targets

TTMI has been the subject of several recent research reports. Zacks Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Needham & Company LLC boosted their price target on shares of TTM Technologies from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. B. Riley Financial increased their price objective 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. Weiss Ratings raised TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Finally, Stifel Nicolaus set a $108.00 price target on TTM Technologies in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $117.25.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, EVP Daniel J. Weber sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $93.88, for a total transaction of $1,126,560.00. Following the completion of the sale, the executive vice president directly owned 94,621 shares in the company, valued at $8,883,019.48. This trade represents a 11.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Catherine A. Gridley sold 20,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 78,645 shares in the company, valued at $8,331,651.30. The trade was a 20.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 105,150 shares of company stock worth $10,412,586 over the last ninety days. Insiders own 1.30% of the company’s stock.

TTM Technologies Stock Performance

TTM Technologies stock opened at $97.48 on Monday. The stock has a 50-day simple moving average of $98.18 and a 200 day simple moving average of $78.68. The stock has a market capitalization of $10.12 billion, a P/E ratio of 57.68 and a beta of 1.76. 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, Inc. has a 52 week low of $15.77 and a 52 week high of $113.46.

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

TTM Technologies Company Profile

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.