Counterpoint Mutual Funds LLC Invests $880,000 in TTM Technologies, Inc. $TTMI

Counterpoint Mutual Funds LLC purchased a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,570 shares of the technology company’s stock, valued at approximately $880,000.

Other institutional investors also recently modified their holdings of the company. Quarry LP increased its holdings in shares of TTM Technologies by 249.9% during the first quarter. Quarry LP now owns 2,110 shares of the technology company’s stock worth $43,000 after buying an additional 1,507 shares in the last quarter. USA Financial Formulas increased its holdings in shares of TTM Technologies by 119.1% during the first quarter. USA Financial Formulas now owns 2,237 shares of the technology company’s stock worth $46,000 after buying an additional 1,216 shares in the last quarter. CWM LLC increased its holdings in shares of TTM Technologies by 14.4% during the first quarter. CWM LLC now owns 4,501 shares of the technology company’s stock worth $92,000 after buying an additional 567 shares in the last quarter. GAMMA Investing LLC increased its holdings in TTM Technologies by 30.6% in the second quarter. GAMMA Investing LLC now owns 3,244 shares of the technology company’s stock valued at $132,000 after purchasing an additional 760 shares during the period. Finally, State of Wyoming increased its holdings in TTM Technologies by 103.3% in the fourth quarter. State of Wyoming now owns 5,708 shares of the technology company’s stock valued at $141,000 after purchasing an additional 2,900 shares during the period. 95.79% of the stock is currently owned by institutional investors and hedge funds.

TTM Technologies Price Performance

Shares of NASDAQ TTMI opened at $54.24 on Tuesday. TTM Technologies, Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $54.46. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 60.27 and a beta of 1.57. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.72 and a current ratio of 2.03. The firm’s 50-day simple moving average is $45.91 and its 200 day simple moving average is $34.38.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.06. TTM Technologies had a net margin of 3.52% and a return on equity of 11.80%. The business had revenue of $730.62 million for the quarter, compared to analysts’ expectations of $668.42 million. During the same quarter last year, the firm earned $0.39 EPS. The firm’s revenue for the quarter 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. As a group, research analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. B. Riley increased their price objective on TTM Technologies from $36.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Wall Street Zen upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 13th. Needham & Company LLC restated a “buy” rating and issued a $56.00 price objective on shares of TTM Technologies in a report on Friday, August 15th. Stifel Nicolaus increased their price objective on TTM Technologies from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, Truist Financial increased their price objective on TTM Technologies from $41.00 to $48.00 and gave the company a “buy” rating in a report on Monday, July 7th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $52.25.

Insider Transactions at TTM Technologies

In other news, EVP Catherine A. Gridley sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $40.46, for a total value of $1,011,500.00. Following the transaction, the executive vice president owned 101,986 shares in the company, valued at $4,126,353.56. The trade was a 19.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Dale Martin Knecht sold 7,487 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $39.01, for a total value of $292,067.87. Following the completion of the transaction, the senior vice president owned 59,947 shares in the company, valued at $2,338,532.47. The trade was a 11.10% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,964 shares of company stock worth $3,159,473. 1.30% of the stock is owned by insiders.

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.