TTM Technologies, Inc. $TTMI Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System reduced its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 50.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,808 shares of the technology company’s stock after selling 14,915 shares during the period. Maryland State Retirement & Pension System’s holdings in TTM Technologies were worth $853,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. FengHe Fund Management Pte. Ltd. acquired a new position in TTM Technologies in the 3rd quarter valued at about $54,148,000. Invesco Ltd. raised its position in shares of TTM Technologies by 55.7% during the 2nd quarter. Invesco Ltd. now owns 2,114,409 shares of the technology company’s stock valued at $86,310,000 after buying an additional 756,702 shares during the period. Neumeier Poma Investment Counsel LLC acquired a new position in TTM Technologies in the second quarter valued at approximately $25,824,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in TTM Technologies in the second quarter valued at approximately $16,914,000. Finally, Hel Ved Capital Management Ltd purchased a new position in TTM Technologies in the second quarter worth approximately $7,962,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TTM Technologies

In other TTM Technologies news, Director John G. Mayer sold 9,167 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $68.13, for a total value of $624,547.71. Following the sale, the director directly owned 165,140 shares of the company’s stock, valued at approximately $11,250,988.20. This represents a 5.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert P. Farrell sold 3,476 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $68.93, for a total transaction of $239,600.68. Following the completion of the sale, the insider owned 20,346 shares in the company, valued at $1,402,449.78. The trade was a 14.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 36,870 shares of company stock worth $2,520,245 over the last ninety days. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on TTMI shares. Truist Financial set a $113.00 target price on TTM Technologies in a research report on Wednesday, January 14th. Weiss Ratings raised TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Zacks Research lowered shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Needham & Company LLC upped their target price on shares of TTM Technologies from $79.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Finally, B. Riley increased their target price on shares of TTM Technologies from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.50.

TTM Technologies Price Performance

TTMI stock opened at $99.87 on Thursday. The business’s fifty day moving average price is $73.56 and its 200 day moving average price is $59.21. TTM Technologies, Inc. has a 12-month low of $15.77 and a 12-month high of $106.68. The company has a current ratio of 1.94, a quick ratio of 1.66 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $10.32 billion, a PE ratio of 79.26 and a beta of 1.74.

TTM Technologies (NASDAQ:TTMI) last released 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. The company had revenue of $752.74 million during the quarter, compared to the consensus estimate of $711.91 million. TTM Technologies had a return on equity of 13.21% and a net margin of 4.74%.TTM Technologies’s revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. On average, sell-side analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current year.

TTM Technologies Company 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.