Independent Financial Group LLC Invests $1.32 Million in TTM Technologies, Inc. $TTMI

Independent Financial Group LLC bought a new stake in TTM Technologies, Inc. (NASDAQ:TTMI) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 13,556 shares of the technology company’s stock, valued at approximately $1,321,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new position in TTM Technologies in the fourth quarter worth approximately $30,000. Truvestments Capital LLC acquired a new stake in TTM Technologies in the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. bought a new stake in shares of TTM Technologies during the fourth quarter valued at approximately $32,000. Wolff Wiese Magana LLC bought a new stake in shares of TTM Technologies during the fourth quarter valued at approximately $34,000. Finally, Danske Bank A S acquired a new position in shares of TTM Technologies during the fourth quarter worth approximately $34,000. 95.79% of the stock is owned by institutional investors.

Insider Transactions at TTM Technologies

In other news, 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 transaction, the executive vice president owned 119,268 shares in the company, valued at $25,022,426.40. The trade was a 7.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Douglas L. Soder sold 8,902 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $209.79, for a total value of $1,867,550.58. Following the completion of the transaction, the executive vice president directly owned 208,245 shares of the company’s stock, valued at approximately $43,687,718.55. This represents a 4.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 82,043 shares of company stock worth $17,191,859. 1.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. 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 research report on Thursday, May 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TTM Technologies in a report on Monday, May 18th. Needham & Company LLC boosted 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. Stifel Nicolaus upped their target price 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. Finally, Truist Financial raised 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. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $212.00.

TTM Technologies Stock Performance

Shares of TTMI stock opened at $133.17 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.61. The firm has a 50-day moving average of $175.41 and a 200-day moving average of $129.35. TTM Technologies, Inc. has a one year low of $39.20 and a one year high of $223.83. The company has a market cap of $13.83 billion, a P/E ratio of 71.98 and a beta of 2.10.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. The business had revenue of $845.98 million for the quarter, compared to analysts’ expectations of $789.84 million. During the same period in the previous year, the company earned $0.50 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that TTM Technologies, Inc. will post 3.66 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.