TTM Technologies, Inc. $TTMI Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 11.1% during the first quarter, Holdings Channel.com reports. The firm owned 104,045 shares of the technology company’s stock after selling 12,961 shares during the period. New York State Teachers Retirement System’s holdings in TTM Technologies were worth $10,136,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Kestra Advisory Services LLC purchased a new position in shares of TTM Technologies during the 4th quarter worth $30,000. Truvestments Capital LLC purchased a new stake in TTM Technologies in the 4th quarter valued at about $30,000. Rakuten Securities Inc. acquired a new position in TTM Technologies in the fourth quarter valued at about $32,000. Wolff Wiese Magana LLC acquired a new position in TTM Technologies in the fourth quarter valued at about $34,000. Finally, Danske Bank A S purchased a new position in TTM Technologies during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insider Buying and Selling

In other TTM Technologies news, EVP Catherine A. Gridley sold 8,966 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total value of $1,881,066.80. Following the completion of the transaction, the executive vice president owned 69,679 shares in the company, valued at $14,618,654.20. The trade was a 11.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Dale Martin Knecht sold 6,754 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $209.79, for a total value of $1,416,921.66. Following the sale, the senior vice president directly owned 68,350 shares in the company, valued at $14,339,146.50. This represents a 8.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 82,043 shares of company stock worth $17,191,859 over the last three months. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TTMI has been the subject of a number of recent analyst reports. Truist Financial lifted their price target on shares of TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Needham & Company LLC upped their price objective on shares of TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Wall Street Zen cut shares of TTM Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Zacks Research downgraded shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday, May 18th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $212.00.

TTM Technologies Price Performance

Shares of TTMI opened at $155.98 on Monday. The stock has a market capitalization of $16.20 billion, a PE ratio of 84.31 and a beta of 2.10. TTM Technologies, Inc. has a 1 year low of $39.20 and a 1 year high of $223.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.88. The company’s 50-day simple moving average is $177.52 and its 200-day simple moving average is $123.82.

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