SummitTX Capital L.P. Acquires Shares of 63,522 TTM Technologies, Inc. $TTMI

SummitTX Capital L.P. bought a new stake in TTM Technologies, Inc. (NASDAQ:TTMI) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 63,522 shares of the technology company’s stock, valued at approximately $6,188,000.

Several other large investors have also made changes to their positions in TTMI. Kestra Advisory Services LLC acquired a new stake in shares of TTM Technologies during the 4th quarter worth about $30,000. Truvestments Capital LLC acquired a new position in TTM Technologies in the fourth 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. Parallel Advisors LLC grew its stake in TTM Technologies by 36.2% during the first quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock worth $32,000 after buying an additional 87 shares during the last quarter. Finally, Danske Bank A S bought a new stake in TTM Technologies during the fourth quarter worth about $34,000. Institutional investors own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TTMI shares. B. Riley Financial raised their price objective on shares of TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Zacks Research downgraded TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Truist Financial increased their price target on TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Needham & Company LLC raised their price target on TTM Technologies from $208.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Finally, Stifel Nicolaus lifted their price objective on TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.00.

Insider Buying and Selling at TTM Technologies

In related news, EVP Daniel J. Weber sold 2,915 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total value of $609,060.10. Following the completion of the transaction, the executive vice president owned 88,250 shares in the company, valued at $18,438,955. The trade was a 3.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert P. Farrell sold 1,304 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $208.92, for a total value of $272,431.68. Following the transaction, the insider directly owned 16,995 shares in the company, valued at approximately $3,550,595.40. This represents a 7.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 82,043 shares of company stock valued at $17,191,859 over the last three months. Insiders own 1.30% of the company’s stock.

TTM Technologies Stock Down 5.9%

Shares of NASDAQ:TTMI opened at $123.71 on Tuesday. TTM Technologies, Inc. has a 12 month low of $39.20 and a 12 month high of $223.83. The company’s 50-day moving average price is $172.63 and its two-hundred day moving average price is $131.78. 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 firm has a market cap of $12.85 billion, a P/E ratio of 66.87 and a beta of 2.10.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 earnings per share for the quarter, beating 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 firm had revenue of $845.98 million during the quarter, compared to analysts’ expectations of $789.84 million. During the same quarter last year, the company posted $0.50 EPS. The company’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. As a group, research analysts forecast that TTM Technologies, Inc. will post 3.66 EPS for the current fiscal year.

TTM Technologies Company Profile

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.