Y Intercept Hong Kong Ltd Makes New $1.34 Million Investment in TTM Technologies, Inc. $TTMI

Y Intercept Hong Kong Ltd acquired a new position in TTM Technologies, Inc. (NASDAQ:TTMI) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,800 shares of the technology company’s stock, valued at approximately $1,344,000.

Several other hedge funds also recently modified their holdings of TTMI. AMI Asset Management Corp bought a new stake in TTM Technologies during the first quarter worth $517,000. Pictet Asset Management Holding SA lifted its stake in TTM Technologies by 9.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 16,935 shares of the technology company’s stock valued at $1,650,000 after acquiring an additional 1,418 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in TTM Technologies during the 1st quarter worth $2,923,000. Ritholtz Wealth Management boosted its holdings in TTM Technologies by 35.0% during the 1st quarter. Ritholtz Wealth Management now owns 11,912 shares of the technology company’s stock worth $1,160,000 after acquiring an additional 3,087 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its stake in shares of TTM Technologies by 4.5% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 3,289 shares of the technology company’s stock worth $320,000 after acquiring an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Insider Activity

In other TTM Technologies news, EVP Douglas L. Soder sold 8,902 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $209.79, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Shawn A. Powers sold 9,856 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 $2,067,788.80. Following the completion of the sale, the executive vice president directly owned 119,268 shares of the company’s stock, valued at $25,022,426.40. This represents a 7.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 82,043 shares of company stock worth $17,191,859. 1.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TTMI has been the subject of several analyst reports. Truist Financial increased their target price on shares of TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Zacks Research downgraded shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TTM Technologies in a research note on Monday, May 18th. Wall Street Zen downgraded TTM Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, B. Riley Financial upped their target price on TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, TTM Technologies has a consensus rating of “Moderate Buy” and an average price target of $212.00.

TTM Technologies Stock Performance

Shares of NASDAQ:TTMI traded down $3.53 during midday trading on Friday, reaching $146.44. The company had a trading volume of 1,660,304 shares, compared to its average volume of 2,964,412. The company’s 50 day moving average price is $178.19 and its 200 day moving average price is $126.23. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 0.50. The stock has a market cap of $15.21 billion, a P/E ratio of 79.16 and a beta of 2.10. TTM Technologies, Inc. has a 52-week low of $39.20 and a 52-week high of $223.83.

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. The business had revenue of $845.98 million during the quarter, compared to the consensus estimate of $789.84 million. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 earnings per share. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. As a group, sell-side analysts anticipate that TTM Technologies, Inc. will post 3.7 EPS for the current fiscal year.

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.