Atika Capital Management LLC Sells 8,473 Shares of TTM Technologies, Inc. $TTMI

Atika Capital Management LLC decreased its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 8.4% in the 1st quarter, Holdings Channel reports. The firm owned 93,000 shares of the technology company’s stock after selling 8,473 shares during the period. TTM Technologies comprises 1.1% of Atika Capital Management LLC’s investment portfolio, making the stock its 20th largest holding. Atika Capital Management LLC’s holdings in TTM Technologies were worth $9,060,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TTMI. Inceptionr LLC bought a new stake in TTM Technologies during the first quarter valued at approximately $369,000. Lido Advisors LLC lifted its holdings in shares of TTM Technologies by 9.7% during the 1st quarter. Lido Advisors LLC now owns 8,790 shares of the technology company’s stock worth $856,000 after acquiring an additional 777 shares during the last quarter. Cetera Investment Advisers grew its position in TTM Technologies by 11.8% in the first quarter. Cetera Investment Advisers now owns 14,601 shares of the technology company’s stock worth $1,422,000 after acquiring an additional 1,542 shares in the last quarter. Signature Equity Partners LLC bought a new position in TTM Technologies in the first quarter valued at $40,000. Finally, Baader Bank Aktiengesellschaft purchased a new stake in TTM Technologies during the first quarter valued at about $1,539,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TTM Technologies

In other TTM Technologies news, EVP Shawn A. Powers sold 9,856 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total transaction of $2,067,788.80. Following the completion of the transaction, the executive vice president owned 119,268 shares of the company’s stock, valued at $25,022,426.40. This represents a 7.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Catherine A. Gridley sold 8,966 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total value of $1,881,066.80. Following the completion of the sale, the executive vice president owned 69,679 shares of the company’s stock, valued at approximately $14,618,654.20. This trade represents a 11.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 82,043 shares of company stock worth $17,191,859 over the last 90 days. 1.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TTMI has been the subject of several research analyst reports. B. Riley Financial lifted their price target on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Needham & Company LLC increased their price target on shares of TTM Technologies from $208.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Weiss Ratings downgraded shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Truist Financial boosted their price objective on shares of TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Zacks Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $212.00.

TTM Technologies Price Performance

Shares of TTM Technologies stock opened at $144.85 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.61. The business’s 50 day simple moving average is $174.06 and its two-hundred day simple moving average is $130.96. The stock has a market capitalization of $15.04 billion, a P/E ratio of 78.30 and a beta of 2.10. TTM Technologies, Inc. has a one year low of $39.20 and a one year high of $223.83.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.09. The business had revenue of $845.98 million during the quarter, compared to analysts’ expectations of $789.84 million. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.50 EPS. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. Analysts forecast that TTM Technologies, Inc. will post 3.66 EPS for the current year.

TTM Technologies 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.