Arrowstreet Capital Limited Partnership Sells 27,997 Shares of TTM Technologies, Inc. $TTMI

Arrowstreet Capital Limited Partnership decreased its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 1.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,209,630 shares of the technology company’s stock after selling 27,997 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in TTM Technologies were worth $215,262,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Polar Capital Holdings Plc acquired a new stake in TTM Technologies during the 3rd quarter worth $176,376,000. Invesco Ltd. grew its stake in TTM Technologies by 127.7% in the third quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock valued at $277,281,000 after acquiring an additional 2,699,494 shares during the period. Whale Rock Capital Management LLC increased its holdings in shares of TTM Technologies by 112.1% in the fourth quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company’s stock worth $295,066,000 after acquiring an additional 2,260,035 shares in the last quarter. Castle Hook Partners LP bought a new stake in shares of TTM Technologies in the fourth quarter worth about $133,351,000. Finally, JPMorgan Chase & Co. raised its position in shares of TTM Technologies by 230.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,361,872 shares of the technology company’s stock worth $93,969,000 after purchasing an additional 949,171 shares during the period. Institutional investors own 95.79% of the company’s stock.

Insider Transactions at TTM Technologies

In other news, EVP Douglas L. Soder sold 8,902 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $209.79, for a total value of $1,867,550.58. Following the completion of the sale, the executive vice president owned 208,245 shares of the company’s stock, valued at approximately $43,687,718.55. This represents a 4.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Catherine A. Gridley sold 8,966 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total transaction of $1,881,066.80. Following the completion of the transaction, the executive vice president directly owned 69,679 shares of the company’s stock, valued at $14,618,654.20. This represents a 11.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 82,043 shares of company stock valued at $17,191,859. 1.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TTMI has been the topic of several recent analyst reports. Truist Financial lifted their price objective on TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Wall Street Zen downgraded shares of TTM Technologies from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Zacks Research lowered shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Needham & Company LLC upped their price target on shares of TTM Technologies from $208.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Finally, Weiss Ratings downgraded shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $212.00.

TTM Technologies Trading Down 9.3%

Shares of NASDAQ:TTMI opened at $131.41 on Friday. The company’s 50-day moving average price is $173.34 and its two-hundred day moving average price is $130.96. TTM Technologies, Inc. has a one year low of $39.20 and a one year high of $223.83. 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 stock has a market capitalization of $13.65 billion, a PE ratio of 71.03 and a beta of 2.10.

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

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.