JPMorgan Chase & Co. Sells 239,333 Shares of TTM Technologies, Inc. $TTMI

JPMorgan Chase & Co. decreased its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 36.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 412,701 shares of the technology company’s stock after selling 239,333 shares during the period. JPMorgan Chase & Co. owned approximately 0.40% of TTM Technologies worth $23,772,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in shares of TTM Technologies by 4.4% during the 3rd quarter. Larson Financial Group LLC now owns 3,978 shares of the technology company’s stock valued at $229,000 after purchasing an additional 167 shares during the last quarter. Optiver Holding B.V. boosted its stake in TTM Technologies by 66.4% in the third quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock worth $25,000 after buying an additional 170 shares in the last quarter. Choreo LLC boosted its stake in TTM Technologies by 1.4% in the third quarter. Choreo LLC now owns 14,196 shares of the technology company’s stock worth $818,000 after buying an additional 191 shares in the last quarter. GAMMA Investing LLC grew its position in TTM Technologies by 8.3% during the third quarter. GAMMA Investing LLC now owns 3,512 shares of the technology company’s stock valued at $202,000 after acquiring an additional 268 shares during the last quarter. Finally, Focus Partners Wealth grew its position in TTM Technologies by 1.1% during the first quarter. Focus Partners Wealth now owns 31,944 shares of the technology company’s stock valued at $655,000 after acquiring an additional 343 shares during the last quarter. Institutional investors own 95.79% of the company’s stock.

TTM Technologies Stock Up 10.8%

Shares of NASDAQ TTMI opened at $101.42 on Tuesday. The firm’s fifty day moving average is $98.16 and its 200 day moving average is $75.52. TTM Technologies, Inc. has a 52 week low of $15.77 and a 52 week high of $113.46. The company has a quick ratio of 1.67, a current ratio of 1.93 and a debt-to-equity ratio of 0.52. The company has a market cap of $10.53 billion, a price-to-earnings ratio of 60.01 and a beta of 1.74.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. TTM Technologies had a net margin of 6.11% and a return on equity of 13.30%. The business had revenue of $763.53 million during the quarter, compared to analysts’ expectations of $752.96 million. During the same quarter in the prior year, the company posted $0.60 EPS. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. On average, equities research analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Weiss Ratings raised shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. Truist Financial set a $113.00 price target on shares of TTM Technologies in a research report on Wednesday, January 14th. Stifel Nicolaus set a $108.00 price objective on TTM Technologies in a research note on Thursday, February 5th. Finally, Needham & Company LLC lifted their price objective on TTM Technologies from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $117.25.

Insider Transactions at TTM Technologies

In related news, EVP Catherine A. Gridley sold 20,000 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $105.94, for a total value of $2,118,800.00. Following the sale, the executive vice president directly owned 78,645 shares of the company’s stock, valued at $8,331,651.30. This trade represents a 20.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Weber sold 12,000 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $93.88, for a total value of $1,126,560.00. Following the transaction, the executive vice president owned 94,621 shares in the company, valued at approximately $8,883,019.48. This represents a 11.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 105,150 shares of company stock worth $9,900,522. Company insiders own 1.30% of the company’s stock.

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.