TTM Technologies, Inc. $TTMI Stake Lowered by Franklin Resources Inc.

Franklin Resources Inc. reduced its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 7.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,842,152 shares of the technology company’s stock after selling 156,712 shares during the quarter. Franklin Resources Inc. owned about 1.78% of TTM Technologies worth $75,197,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in shares of TTM Technologies by 0.3% during the second quarter. Geode Capital Management LLC now owns 2,557,256 shares of the technology company’s stock worth $104,399,000 after acquiring an additional 7,814 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of TTM Technologies by 7.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock valued at $34,989,000 after purchasing an additional 115,766 shares during the period. Nuveen LLC bought a new stake in shares of TTM Technologies during the first quarter valued at approximately $31,763,000. Invesco Ltd. boosted its position in shares of TTM Technologies by 35.3% during the first quarter. Invesco Ltd. now owns 1,357,707 shares of the technology company’s stock worth $27,847,000 after buying an additional 354,342 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in TTM Technologies by 9.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 652,034 shares of the technology company’s stock worth $26,616,000 after buying an additional 57,606 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Julie Spicer England sold 3,784 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $63.34, for a total value of $239,678.56. Following the completion of the transaction, the director owned 106,541 shares in the company, valued at approximately $6,748,306.94. This represents a 3.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John G. Mayer sold 9,167 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $68.13, for a total value of $624,547.71. Following the transaction, the director owned 165,140 shares of the company’s stock, valued at $11,250,988.20. This represents a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 39,570 shares of company stock valued at $2,170,080 in the last ninety days. 1.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TTMI. Wall Street Zen lowered TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 19th. Needham & Company LLC upped their price objective on shares of TTM Technologies from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Stifel Nicolaus increased their target price on shares of TTM Technologies from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. B. Riley reissued a “buy” rating on shares of TTM Technologies in a research note on Thursday, October 30th. Finally, Weiss Ratings upgraded shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $65.50.

TTM Technologies Trading Up 10.5%

NASDAQ TTMI opened at $64.94 on Tuesday. The company has a market capitalization of $6.71 billion, a PE ratio of 51.54 and a beta of 1.66. The firm’s fifty day simple moving average is $59.95 and its 200-day simple moving average is $47.13. The company has a current ratio of 2.03, a quick ratio of 1.72 and a debt-to-equity ratio of 0.56. TTM Technologies, Inc. has a 1-year low of $15.77 and a 1-year high of $71.85.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, October 29th. The technology company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. TTM Technologies had a return on equity of 13.43% and a net margin of 4.74%.The company had revenue of $752.74 million for the quarter, compared to analyst estimates of $711.91 million. During the same period last year, the company earned $0.41 earnings per share. The business’s revenue was up 22.1% compared to the same quarter last year. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. As a group, sell-side analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.