Comerica Bank Sells 38,152 Shares of TTM Technologies, Inc. $TTMI

Comerica Bank reduced its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 43.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,013 shares of the technology company’s stock after selling 38,152 shares during the period. Comerica Bank’s holdings in TTM Technologies were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nuveen LLC bought a new stake in shares of TTM Technologies during the first quarter worth about $31,763,000. Emerald Advisers LLC grew its holdings in shares of TTM Technologies by 34.3% during the first quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company’s stock worth $29,533,000 after purchasing an additional 367,798 shares during the last quarter. Invesco Ltd. grew its holdings in shares of TTM Technologies by 35.3% during the first quarter. Invesco Ltd. now owns 1,357,707 shares of the technology company’s stock worth $27,847,000 after purchasing an additional 354,342 shares during the last quarter. Northern Trust Corp grew its holdings in shares of TTM Technologies by 7.8% during the fourth quarter. Northern Trust Corp now owns 1,159,576 shares of the technology company’s stock worth $28,700,000 after purchasing an additional 84,137 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in shares of TTM Technologies by 52.2% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 886,701 shares of the technology company’s stock worth $18,186,000 after purchasing an additional 304,176 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies Price Performance

TTM Technologies stock opened at $47.70 on Friday. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 53.00 and a beta of 1.57. TTM Technologies, Inc. has a 52-week low of $15.77 and a 52-week high of $51.15. The stock’s 50 day moving average price is $44.43 and its two-hundred day moving average price is $32.30. 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 (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.06. The firm had revenue of $730.62 million for the quarter, compared to analysts’ expectations of $668.42 million. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%.The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 EPS. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. On average, equities analysts predict that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

TTM Technologies declared that its Board of Directors has authorized a share repurchase program on Friday, May 9th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 3.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, Director Wajid Ali bought 5,000 shares of the stock in a transaction dated Monday, August 18th. The shares were bought at an average cost of $41.75 per share, with a total value of $208,750.00. Following the completion of the transaction, the director directly owned 19,024 shares of the company’s stock, valued at $794,252. This trade represents a 35.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Catherine A. Gridley sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $40.46, for a total value of $1,011,500.00. Following the transaction, the executive vice president directly owned 101,986 shares in the company, valued at $4,126,353.56. The trade was a 19.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 108,421 shares of company stock worth $4,398,560. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Stifel Nicolaus upped their target price on TTM Technologies from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Wall Street Zen cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday. B. Riley upped their target price on TTM Technologies from $36.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Truist Financial upped their target price on TTM Technologies from $41.00 to $48.00 and gave the company a “buy” rating in a report on Monday, July 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $56.00 target price on shares of TTM Technologies in a report on Friday, August 15th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $52.25.

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.