American Century Companies Inc. Trims Stake in TTM Technologies, Inc. $TTMI

American Century Companies Inc. lowered its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 0.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,810,800 shares of the technology company’s stock after selling 4,172 shares during the period. American Century Companies Inc. owned approximately 1.78% of TTM Technologies worth $37,140,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of TTMI. Wealth Enhancement Advisory Services LLC increased its position in shares of TTM Technologies by 4.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,949 shares of the technology company’s stock worth $345,000 after purchasing an additional 555 shares during the last quarter. New York State Teachers Retirement System grew its stake in TTM Technologies by 0.5% in the 1st quarter. New York State Teachers Retirement System now owns 110,577 shares of the technology company’s stock worth $2,268,000 after buying an additional 567 shares in the last quarter. CWM LLC increased its holdings in shares of TTM Technologies by 14.4% in the 1st quarter. CWM LLC now owns 4,501 shares of the technology company’s stock worth $92,000 after buying an additional 567 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of TTM Technologies by 3.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,797 shares of the technology company’s stock valued at $490,000 after buying an additional 602 shares in the last quarter. Finally, USA Financial Formulas lifted its holdings in shares of TTM Technologies by 119.1% during the 1st quarter. USA Financial Formulas now owns 2,237 shares of the technology company’s stock worth $46,000 after acquiring an additional 1,216 shares during the last quarter. Institutional investors own 95.79% of the company’s stock.

Insiders Place Their Bets

In other TTM Technologies news, insider Steven Spoto sold 3,484 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $46.58, for a total value of $162,284.72. Following the completion of the transaction, the insider directly owned 28,649 shares in the company, valued at approximately $1,334,470.42. This represents a 10.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Catherine A. Gridley sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $40.46, for a total transaction of $1,011,500.00. Following the completion of the sale, the executive vice president directly owned 101,986 shares of the company’s stock, valued at approximately $4,126,353.56. This represents a 19.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 96,568 shares of company stock valued at $3,708,900 over the last quarter. 1.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TTMI shares. Truist Financial increased their target price on TTM Technologies from $41.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Wall Street Zen upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Stifel Nicolaus boosted their target price on TTM Technologies from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. B. Riley increased their price target on shares of TTM Technologies from $36.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Finally, Needham & Company LLC reissued a “buy” rating and set a $56.00 price target on shares of TTM Technologies in a research note on Friday, August 15th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, TTM Technologies presently has a consensus rating of “Buy” and a consensus target price of $52.25.

TTM Technologies Stock Down 1.1%

Shares of NASDAQ:TTMI opened at $40.06 on Thursday. The stock’s 50-day moving average is $42.64 and its 200 day moving average is $30.70. The company has a market cap of $4.14 billion, a PE ratio of 44.51 and a beta of 1.48. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 1.72. TTM Technologies, Inc. has a 1 year low of $15.77 and a 1 year high of $51.15.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.06. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%.The firm had revenue of $730.62 million for the quarter, compared to analyst estimates of $668.42 million. During the same period last year, the company earned $0.39 EPS. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. Sell-side analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current year.

TTM Technologies declared that its board has authorized a share repurchase program on Friday, May 9th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to buy up to 3.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.

TTM Technologies Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.