Thoroughbred Financial Services LLC Makes New $1.18 Million Investment in TTM Technologies, Inc. $TTMI

Thoroughbred Financial Services LLC bought a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 17,160 shares of the technology company’s stock, valued at approximately $1,184,000.

Other institutional investors also recently modified their holdings of the company. Optiver Holding B.V. boosted its stake in shares of TTM Technologies by 66.4% in the 3rd 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 during the last quarter. Bessemer Group Inc. boosted its stake in shares of TTM Technologies by 448.8% in the 3rd quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock valued at $27,000 after purchasing an additional 377 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of TTM Technologies in the 4th quarter valued at $32,000. Wolff Wiese Magana LLC bought a new stake in shares of TTM Technologies in the 4th quarter valued at $34,000. Finally, Danske Bank A S bought a new stake in shares of TTM Technologies in the 4th quarter valued at $34,000. 95.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TTMI. Zacks Research lowered shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TTM Technologies in a research note on Monday, May 18th. B. Riley Financial upped their price objective on shares of TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday. Needham & Company LLC increased their target price on shares of TTM Technologies from $160.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Truist Financial increased their target price on shares of TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $209.00.

TTM Technologies Stock Down 7.5%

Shares of NASDAQ TTMI opened at $173.72 on Friday. The firm has a market cap of $18.04 billion, a PE ratio of 93.90 and a beta of 2.11. TTM Technologies, Inc. has a 12-month low of $29.26 and a 12-month high of $200.68. The company’s fifty day simple moving average is $136.16 and its 200 day simple moving average is $102.25. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 0.50.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, April 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.09. The business had revenue of $845.98 million for the quarter, compared to analyst estimates of $789.84 million. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. TTM Technologies’s revenue was up 30.4% on a year-over-year basis. During the same period in the prior year, the firm earned $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 forecast that TTM Technologies, Inc. will post 3.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TTM Technologies news, Director Thomas T. Edman sold 16,800 shares of the company’s stock in a transaction on 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 SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

About TTM Technologies

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.