Meeder Asset Management Inc. Invests $2.12 Million in TTM Technologies, Inc. $TTMI

Meeder Asset Management Inc. acquired a new position in TTM Technologies, Inc. (NASDAQ:TTMI) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,309 shares of the technology company’s stock, valued at approximately $2,115,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TTMI. GAMMA Investing LLC grew its stake in TTM Technologies by 1.8% during the 2nd quarter. GAMMA Investing LLC now owns 4,340 shares of the technology company’s stock valued at $812,000 after purchasing an additional 75 shares in the last quarter. Parallel Advisors LLC grew its position in shares of 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 in the last quarter. Lido Advisors LLC increased its stake in shares of TTM Technologies by 1.5% in the fourth quarter. Lido Advisors LLC now owns 8,013 shares of the technology company’s stock worth $553,000 after buying an additional 116 shares during the last quarter. GoalVest Advisory LLC boosted its stake in TTM Technologies by 456.7% during the 2nd quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock valued at $31,000 after acquiring an additional 137 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its position in shares of TTM Technologies by 4.5% during the first quarter. Fifth Third Wealth Advisors LLC now owns 3,289 shares of the technology company’s stock worth $320,000 after purchasing an additional 142 shares during the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TTMI has been the topic of several research reports. Stifel Nicolaus upped their price objective on TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Wall Street Zen upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Needham & Company LLC reissued a “buy” rating and issued a $220.00 target price on shares of TTM Technologies in a report on Tuesday. Finally, Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, TTM Technologies currently has an average rating of “Buy” and a consensus price target of $214.25.

Insider Transactions at TTM Technologies

In other news, EVP Catherine A. Gridley sold 8,966 shares of TTM Technologies stock in a transaction that occurred 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 transaction, the executive vice president directly owned 69,679 shares of the company’s stock, valued at $14,618,654.20. This trade represents 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 this link. Also, EVP Daniel J. Weber sold 8,533 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total value of $1,790,223.40. Following the completion of the sale, the executive vice president directly owned 86,088 shares of the company’s stock, valued at approximately $18,061,262.40. This trade represents a 9.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 108,241 shares of company stock worth $20,911,975 in the last three months. Insiders own 1.30% of the company’s stock.

TTM Technologies Price Performance

NASDAQ TTMI opened at $125.71 on Wednesday. The company’s 50 day simple moving average is $155.92 and its 200 day simple moving average is $135.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.78 and a quick ratio of 1.54. The firm has a market capitalization of $13.24 billion, a PE ratio of 56.63 and a beta of 2.15. TTM Technologies, Inc. has a 12 month low of $39.20 and a 12 month high of $223.83.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Thursday, August 6th. The technology company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.10. TTM Technologies had a return on equity of 15.67% and a net margin of 7.01%.The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $962.04 million. During the same period in the previous year, the company earned $0.58 earnings per share. TTM Technologies’s revenue was up 37.4% compared to the same quarter last year. As a group, equities research analysts forecast that TTM Technologies, Inc. will post 4.26 EPS for the current fiscal year.

Key Stories Impacting TTM Technologies

Here are the key news stories impacting TTM Technologies this week:

• Positive Sentiment: TTM agreed to acquire Epiq in an all-cash transaction, expanding its portfolio of AI-enabled software-defined radios, RF products and radiation-tolerant space computing for defense, electronic warfare, signals intelligence and space applications. Management expects the deal to be immediately accretive to adjusted EBITDA margins and accretive to non-GAAP EPS in 2028. TTM Technologies Epiq acquisition announcement
• Positive Sentiment: The acquisition supports TTM’s strategy of moving into higher-value, vertically integrated defense electronics, while the company also plans substantial investments in data-center capacity and U.S. manufacturing. Analysts and market commentary point to continued demand from AI data centers, aerospace and defense, European expansion and potential valuation upside. Zacks TTM Technologies stock analysis
• Positive Sentiment: Needham reaffirmed a Buy rating and set a $220 price target, indicating substantial potential upside if TTM delivers on its growth and acquisition plans. Benzinga analyst rating report
• Neutral Sentiment: Management’s M&A call focused on the strategic rationale, financing and expected synergies. The transaction remains subject to customary closing conditions and regulatory approvals. TTM Technologies M&A call transcript
• Negative Sentiment: The all-cash purchase will raise TTM’s estimated net leverage to 2.3 times at closing. Although management expects leverage to fall to 1.5–1.7 times within 12–18 months, investors may be concerned about higher debt, financing costs, integration risk and the 17.4-times estimated 2027 adjusted EBITDA transaction multiple. Yahoo Finance Epiq acquisition report
• Negative Sentiment: Valuation is another concern after a major one-year rally; commentary cautions that the current multiple leaves little room for execution missteps. Separately, reported insider activity shows numerous sales and no purchases over the past six months, which may add to short-term investor caution. Seeking Alpha TTM Technologies valuation analysis

TTM Technologies 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.