Janney Montgomery Scott LLC Sells 3,470 Shares of TTM Technologies, Inc. $TTMI

Janney Montgomery Scott LLC lowered its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 7.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 45,041 shares of the technology company’s stock after selling 3,470 shares during the quarter. Janney Montgomery Scott LLC’s holdings in TTM Technologies were worth $4,388,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of TTM Technologies in the fourth quarter worth approximately $668,000. Geode Capital Management LLC grew its holdings in TTM Technologies by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 2,667,956 shares of the technology company’s stock worth $184,119,000 after acquiring an additional 81,588 shares during the last quarter. Royce & Associates LP increased its position in shares of TTM Technologies by 103.5% in the fourth quarter. Royce & Associates LP now owns 269,046 shares of the technology company’s stock valued at $18,564,000 after acquiring an additional 136,845 shares during the period. Wealth High Governance Capital Ltda raised its stake in shares of TTM Technologies by 408.6% during the fourth quarter. Wealth High Governance Capital Ltda now owns 183,079 shares of the technology company’s stock valued at $12,632,000 after acquiring an additional 147,079 shares during the last quarter. Finally, Divisadero Street Capital Management LP bought a new position in shares of TTM Technologies during the third quarter valued at about $13,580,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Insider Activity at TTM Technologies

In other news, EVP Douglas L. Soder sold 8,902 shares of TTM Technologies stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $209.79, for a total transaction of $1,867,550.58. Following the completion of the transaction, the executive vice president directly owned 208,245 shares in the company, valued at approximately $43,687,718.55. This trade represents a 4.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Shawn A. Powers sold 9,856 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total value of $2,067,788.80. Following the completion of the sale, the executive vice president directly owned 119,268 shares in the company, valued at approximately $25,022,426.40. This represents a 7.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 82,043 shares of company stock worth $17,191,859 over the last 90 days. 1.30% of the stock is currently owned by insiders.

TTM Technologies Price Performance

Shares of TTMI stock opened at $155.98 on Monday. The business’s fifty day moving average is $177.52 and its 200 day moving average is $123.82. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 0.50. The stock has a market cap of $16.20 billion, a price-to-earnings ratio of 84.31 and a beta of 2.10. TTM Technologies, Inc. has a twelve month low of $39.20 and a twelve month high of $223.83.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. TTM Technologies had a return on equity of 13.70% and a net margin of 6.29%.The business had revenue of $845.98 million during the quarter, compared to analyst estimates of $789.84 million. During the same quarter last year, the firm posted $0.50 earnings per share. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. Research analysts expect that TTM Technologies, Inc. will post 3.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TTMI. Wall Street Zen cut TTM Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. B. Riley Financial lifted their price target on shares of TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Stifel Nicolaus upped their price objective on shares of TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Needham & Company LLC raised their target price on shares of TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Finally, Zacks Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.00.

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.