Bridgeway Capital Management LLC Lowers Stock Holdings in TTM Technologies, Inc. $TTMI

Bridgeway Capital Management LLC lowered its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 48.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 522,787 shares of the technology company’s stock after selling 486,206 shares during the period. TTM Technologies comprises about 0.5% of Bridgeway Capital Management LLC’s holdings, making the stock its 24th largest holding. Bridgeway Capital Management LLC’s holdings in TTM Technologies were worth $21,340,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of TTMI. Geode Capital Management LLC raised its holdings in shares of TTM Technologies by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 2,557,256 shares of the technology company’s stock valued at $104,399,000 after buying an additional 7,814 shares in the last quarter. Invesco Ltd. grew its position in TTM Technologies by 55.7% during the second quarter. Invesco Ltd. now owns 2,114,409 shares of the technology company’s stock valued at $86,310,000 after acquiring an additional 756,702 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of 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 acquiring an additional 115,766 shares in the last quarter. Nuveen LLC bought a new stake in shares of TTM Technologies in the 1st quarter worth approximately $31,763,000. Finally, Bank of America Corp DE boosted its stake in shares of TTM Technologies by 8.4% in the 2nd quarter. Bank of America Corp DE now owns 1,197,109 shares of the technology company’s stock valued at $48,866,000 after purchasing an additional 92,366 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, insider Robert P. Farrell sold 643 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $66.98, for a total transaction of $43,068.14. Following the transaction, the insider owned 19,406 shares in the company, valued at approximately $1,299,813.88. This represents a 3.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julie Spicer England sold 3,784 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $63.34, for a total value of $239,678.56. Following the completion of the transaction, the director directly owned 106,541 shares of the company’s stock, valued at $6,748,306.94. This represents a 3.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 20,070 shares of company stock worth $1,348,445. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Truist Financial lifted their target price on shares of TTM Technologies from $60.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Needham & Company LLC lifted their price objective on TTM Technologies from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. B. Riley increased their target price on TTM Technologies from $75.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Weiss Ratings upgraded TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Finally, Wall Street Zen downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 19th. One investment 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 presently has an average rating of “Buy” and a consensus price target of $73.25.

TTM Technologies Stock Down 8.5%

Shares of TTM Technologies stock opened at $73.43 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.66 and a debt-to-equity ratio of 0.54. TTM Technologies, Inc. has a 12-month low of $15.77 and a 12-month high of $80.58. The company has a market cap of $7.59 billion, a P/E ratio of 58.28 and a beta of 1.74. The company’s fifty day simple moving average is $64.62 and its two-hundred day simple moving average is $51.06.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, October 29th. The technology company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. TTM Technologies had a net margin of 4.74% and a return on equity of 13.21%. The firm had revenue of $752.74 million during the quarter, compared to analysts’ expectations of $711.91 million. During the same period last year, the company posted $0.41 EPS. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. Research analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current year.

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.