Janney Montgomery Scott LLC Sells 3,470 Shares of TTM Technologies, Inc. $TTMI

Janney Montgomery Scott LLC trimmed its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 7.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,041 shares of the technology company’s stock after selling 3,470 shares during the quarter. Janney Montgomery Scott LLC’s holdings in TTM Technologies were worth $4,388,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TTMI. Royal Bank of Canada increased its position in shares of TTM Technologies by 66.6% during the 1st quarter. Royal Bank of Canada now owns 26,433 shares of the technology company’s stock valued at $543,000 after purchasing an additional 10,565 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in TTM Technologies by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,087 shares of the technology company’s stock valued at $1,232,000 after buying an additional 2,632 shares during the period. Goldman Sachs Group Inc. increased its holdings in TTM Technologies by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock worth $34,989,000 after buying an additional 115,766 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in TTM Technologies by 7.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,563 shares of the technology company’s stock worth $3,908,000 after acquiring an additional 13,691 shares during the period. Finally, Jane Street Group LLC raised its position in TTM Technologies by 1,150.2% in the first quarter. Jane Street Group LLC now owns 139,889 shares of the technology company’s stock worth $2,869,000 after acquiring an additional 128,700 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. B. Riley Financial raised their target price on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Truist Financial boosted their target price on TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday, May 18th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.00.

TTM Technologies Price Performance

TTMI opened at $155.98 on Monday. TTM Technologies, Inc. has a 12 month low of $39.20 and a 12 month high of $223.83. The company has a market cap of $16.20 billion, a PE ratio of 84.31 and a beta of 2.10. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $177.52 and a 200 day moving average of $123.82.

TTM Technologies (NASDAQ:TTMI) last issued 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 net margin of 6.29% and a return on equity of 13.70%. The business had revenue of $845.98 million for the quarter, compared to analysts’ expectations of $789.84 million. During the same quarter in the previous year, the firm posted $0.50 EPS. The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. On average, sell-side analysts expect that TTM Technologies, Inc. will post 3.7 EPS for the current year.

Insider Activity at TTM Technologies

In other TTM Technologies news, EVP Shawn A. Powers sold 3,367 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $208.94, for a total value of $703,500.98. Following the completion of the transaction, the executive vice president owned 120,801 shares in the company, valued at $25,240,160.94. This trade represents a 2.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Catherine A. Gridley sold 3,056 shares of the stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $208.94, for a total transaction of $638,520.64. Following the completion of the sale, the executive vice president directly owned 71,866 shares in the company, valued at approximately $15,015,682.04. The trade was a 4.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 82,043 shares of company stock worth $17,191,859 in the last 90 days. 1.30% of the stock is owned by company insiders.

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.