Empowered Funds LLC Trims Position in TTM Technologies, Inc. $TTMI

Empowered Funds LLC lowered its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 59.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 229,242 shares of the technology company’s stock after selling 341,997 shares during the quarter. Empowered Funds LLC’s holdings in TTM Technologies were worth $9,358,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP lifted its position in TTM Technologies by 249.9% during the 1st quarter. Quarry LP now owns 2,110 shares of the technology company’s stock worth $43,000 after acquiring an additional 1,507 shares during the period. Concord Wealth Partners purchased a new stake in shares of TTM Technologies during the second quarter worth approximately $47,000. CWM LLC lifted 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 purchasing an additional 567 shares during the period. GAMMA Investing LLC grew its position in TTM Technologies by 30.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,244 shares of the technology company’s stock valued at $132,000 after buying an additional 760 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in TTM Technologies by 227.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,295 shares of the technology company’s stock valued at $150,000 after buying an additional 5,064 shares during the period. 95.79% of the stock is owned by hedge funds and other institutional investors.

TTM Technologies Stock Performance

NASDAQ TTMI opened at $63.34 on Wednesday. The company has a market capitalization of $6.54 billion, a P/E ratio of 50.27 and a beta of 1.66. 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 $71.85. The business has a 50 day moving average price of $58.90 and a 200 day moving average price of $46.12.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. TTM Technologies had a net margin of 4.74% and a return on equity of 13.43%. The firm had revenue of $752.74 million for the quarter, compared to analysts’ expectations of $711.91 million. During the same period in the prior year, the company earned $0.41 EPS. The firm’s revenue was up 22.1% on a year-over-year basis. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. Sell-side analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Truist Financial raised their target price on shares of TTM Technologies from $60.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Zacks Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Needham & Company LLC boosted their target price on TTM Technologies from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Weiss Ratings raised TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Finally, Stifel Nicolaus lifted their price target on TTM Technologies from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat, TTM Technologies currently has a consensus rating of “Buy” and an average price target of $65.50.

Insider Buying and Selling

In related news, Director John G. Mayer sold 9,167 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $68.13, for a total transaction of $624,547.71. Following the sale, the director owned 165,140 shares of the company’s stock, valued at $11,250,988.20. This trade represents a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert P. Farrell sold 643 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $66.98, for a total transaction of $43,068.14. Following the completion of the transaction, the insider directly owned 19,406 shares of the company’s stock, valued at $1,299,813.88. The trade was a 3.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 37,279 shares of company stock worth $1,997,587 in the last quarter. Corporate insiders own 1.30% of the company’s stock.

About TTM Technologies

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.