Thoroughbred Financial Services LLC Purchases Shares of 17,160 TTM Technologies, Inc. $TTMI

Thoroughbred Financial Services LLC purchased a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the fourth quarter, Holdings Channel.com reports. The firm purchased 17,160 shares of the technology company’s stock, valued at approximately $1,184,000.

A number of other hedge funds have also added to or reduced their stakes in TTMI. Optiver Holding B.V. lifted its position in shares of TTM Technologies by 66.4% during the third quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock valued at $25,000 after purchasing an additional 170 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of TTM Technologies by 448.8% during the third quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock valued at $27,000 after purchasing an additional 377 shares in the last quarter. Rakuten Securities Inc. bought a new position in shares of TTM Technologies during the fourth quarter valued at about $32,000. Wolff Wiese Magana LLC bought a new position in shares of TTM Technologies during the fourth quarter valued at about $34,000. Finally, Danske Bank A S bought a new position in shares of TTM Technologies during the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insider Transactions at TTM Technologies

In related news, Director Thomas T. Edman sold 16,800 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $100.23, for a total transaction of $1,683,864.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

TTM Technologies Stock Performance

NASDAQ TTMI opened at $173.72 on Friday. TTM Technologies, Inc. has a 52-week low of $29.26 and a 52-week high of $200.68. The company has a 50-day simple moving average of $136.16 and a 200 day simple moving average of $102.25. 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 has a market capitalization of $18.04 billion, a PE ratio of 93.90 and a beta of 2.11.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $789.84 million. During the same quarter last year, the company posted $0.50 earnings per share. The firm’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. On average, research analysts predict that TTM Technologies, Inc. will post 3.35 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TTMI shares. 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. Zacks Research lowered shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Stifel Nicolaus raised their price target on shares of TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday. B. Riley Financial raised 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. 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 issued a Hold rating to the company. According to data from MarketBeat, TTM Technologies has an average rating of “Moderate Buy” and an average target price of $209.00.

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.