Cornerstone Investment Partners LLC Purchases New Stake in TTM Technologies, Inc. $TTMI

Cornerstone Investment Partners LLC acquired a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,581 shares of the technology company’s stock, valued at approximately $391,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TTMI. Quarry LP lifted its position in shares of TTM Technologies by 249.9% during the first quarter. Quarry LP now owns 2,110 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,507 shares during the last quarter. Concord Wealth Partners acquired a new stake in TTM Technologies during the second quarter valued at approximately $47,000. CWM LLC lifted its holdings in TTM Technologies by 14.4% during the 1st quarter. CWM LLC now owns 4,501 shares of the technology company’s stock worth $92,000 after buying an additional 567 shares during the last quarter. GAMMA Investing LLC grew its position in shares of TTM Technologies by 30.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,244 shares of the technology company’s stock worth $132,000 after acquiring an additional 760 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of TTM Technologies by 227.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,295 shares of the technology company’s stock worth $150,000 after acquiring an additional 5,064 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

Insiders Place Their Bets

In other TTM Technologies news, VP Steven Spoto sold 1,000 shares of TTM Technologies stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $66.95, for a total transaction of $66,950.00. Following the sale, the vice president owned 27,649 shares of the company’s stock, valued at $1,851,100.55. The trade was a 3.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert P. Farrell sold 3,476 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $68.93, for a total value of $239,600.68. Following the transaction, the insider owned 20,346 shares of the company’s stock, valued at $1,402,449.78. This trade represents a 14.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 55,953 shares of company stock valued at $2,503,755 in the last quarter. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

TTMI has been the topic of several research analyst reports. B. Riley restated a “buy” rating on shares of TTM Technologies in a research note on Thursday, October 30th. Weiss Ratings raised shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday. Needham & Company LLC boosted their price objective on shares of TTM Technologies from $65.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Wall Street Zen cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $65.00.

TTM Technologies Stock Down 2.8%

TTM Technologies stock opened at $68.11 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.72 and a current ratio of 2.03. TTM Technologies, Inc. has a one year low of $15.77 and a one year high of $71.17. The company has a 50-day simple moving average of $55.59 and a 200-day simple moving average of $43.20. The firm has a market capitalization of $7.04 billion, a P/E ratio of 54.06 and a beta of 1.66.

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

TTM Technologies Profile

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.