Scalar Gauge Management LLC Buys New Shares in TTM Technologies, Inc. $TTMI

Scalar Gauge Management LLC purchased a new stake in TTM Technologies, Inc. (NASDAQ:TTMI) in the third quarter, HoldingsChannel reports. The fund purchased 119,000 shares of the technology company’s stock, valued at approximately $6,854,000. TTM Technologies accounts for 3.5% of Scalar Gauge Management LLC’s portfolio, making the stock its 11th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Salomon & Ludwin LLC bought a new stake in shares of TTM Technologies in the third quarter valued at about $39,000. Concord Wealth Partners bought a new position in TTM Technologies during the second quarter valued at about $47,000. EverSource Wealth Advisors LLC raised its holdings in TTM Technologies by 52.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,244 shares of the technology company’s stock valued at $51,000 after acquiring an additional 430 shares in the last quarter. USA Financial Formulas bought a new stake in shares of TTM Technologies in the 3rd quarter worth approximately $141,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of TTM Technologies by 113.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,853 shares of the technology company’s stock worth $164,000 after purchasing an additional 1,518 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Truist Financial set a $113.00 target price on TTM Technologies in a research report on Wednesday, January 14th. Wall Street Zen downgraded shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. B. Riley upped their target price on shares of TTM Technologies from $81.00 to $123.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Zacks Research downgraded TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of TTM Technologies in a research note on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $99.00.

Insiders Place Their Bets

In other TTM Technologies news, Director Julie Spicer England sold 3,784 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $63.34, for a total transaction of $239,678.56. Following the transaction, the director owned 106,541 shares of the company’s stock, valued at approximately $6,748,306.94. This represents a 3.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony Joseph Sandeen sold 2,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $67.30, for a total value of $134,600.00. Following the transaction, the insider directly owned 41,442 shares in the company, valued at $2,789,046.60. This trade represents a 4.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 36,870 shares of company stock valued at $2,520,245 over the last three months. Company insiders own 1.30% of the company’s stock.

TTM Technologies Stock Performance

NASDAQ:TTMI opened at $94.63 on Tuesday. The stock has a market capitalization of $9.78 billion, a P/E ratio of 75.10 and a beta of 1.74. 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 1 year low of $15.77 and a 1 year high of $106.68. The firm has a 50 day moving average of $75.39 and a 200-day moving average of $60.44.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. TTM Technologies had a return on equity of 13.21% and a net margin of 4.74%.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 firm posted $0.41 EPS. The business’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. As a group, sell-side analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

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.