Assenagon Asset Management S.A. Has $3.32 Million Stock Position in TTM Technologies, Inc. $TTMI

Assenagon Asset Management S.A. reduced its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 21.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 34,075 shares of the technology company’s stock after selling 9,250 shares during the quarter. Assenagon Asset Management S.A.’s holdings in TTM Technologies were worth $3,320,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TTMI. Kestra Advisory Services LLC bought a new position in shares of TTM Technologies in the 4th quarter worth $30,000. Truvestments Capital LLC acquired a new position in TTM Technologies in the fourth quarter valued at about $30,000. Rakuten Securities Inc. bought a new position in TTM Technologies during the fourth quarter worth about $32,000. Wolff Wiese Magana LLC acquired a new position in shares of TTM Technologies during the 4th quarter worth about $34,000. Finally, Danske Bank A S acquired a new position in shares of TTM Technologies during the 4th quarter worth about $34,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTMI has been the topic of a number of analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday, May 18th. B. Riley Financial increased their target price on shares of TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Stifel Nicolaus boosted their price target on shares of TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, Truist Financial upped their price objective on shares of TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $212.00.

Insiders Place Their Bets

In other news, EVP Shawn A. Powers sold 9,856 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were 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 directly owned 119,268 shares in the company, valued at $25,022,426.40. This represents a 7.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Dale Martin Knecht sold 6,754 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $209.79, for a total value of $1,416,921.66. Following the completion of the transaction, the senior vice president owned 68,350 shares of the company’s stock, valued at $14,339,146.50. The trade was a 8.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 82,043 shares of company stock valued at $17,191,859 in the last quarter. Company insiders own 1.30% of the company’s stock.

Key TTM Technologies News

Here are the key news stories impacting TTM Technologies this week:

• Positive Sentiment: TTM Technologies was upgraded to Zacks Rank #1 (Strong Buy), suggesting improved earnings expectations and stronger near-term sentiment from analysts. TTM upgraded to Strong Buy
• Positive Sentiment: TTMI also made Zacks’ Best Momentum Stocks list, which can attract traders looking for continuing price strength. TTMI on Best Momentum Stocks list
• Positive Sentiment: The stock was added to Zacks’ Strong Buy list, reinforcing bullish sentiment around its earnings outlook and momentum profile. TTMI added to Strong Buy list
• Neutral Sentiment: Several company insiders, including the CAO, CFO, COO, and multiple EVPs, disclosed share sales at around $208.92-$208.95 per share. While these sales may weigh on sentiment, they were modest relative to their remaining holdings and were fully disclosed in SEC filings. Insider selling disclosures

TTM Technologies Stock Up 0.1%

Shares of TTM Technologies stock opened at $187.02 on Wednesday. TTM Technologies, Inc. has a 52-week low of $39.20 and a 52-week high of $223.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.88. The business’s 50 day simple moving average is $175.24 and its 200 day simple moving average is $121.95. The firm has a market cap of $19.42 billion, a PE ratio of 101.09 and a beta of 2.09.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. The company had revenue of $845.98 million during the quarter, compared to analysts’ expectations of $789.84 million. During the same period last year, the business earned $0.50 EPS. The business’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, analysts predict that TTM Technologies, Inc. will post 3.7 earnings per share 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.