Phocas Financial Corp. Buys 54,937 Shares of TTM Technologies, Inc. $TTMI

Phocas Financial Corp. grew its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 15.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 409,203 shares of the technology company’s stock after acquiring an additional 54,937 shares during the quarter. TTM Technologies comprises approximately 2.4% of Phocas Financial Corp.’s investment portfolio, making the stock its 2nd biggest position. Phocas Financial Corp. owned about 0.40% of TTM Technologies worth $16,704,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Nuveen LLC acquired a new position in shares of TTM Technologies during the 1st quarter valued at about $31,763,000. Cubist Systematic Strategies LLC boosted its holdings in TTM Technologies by 1,070.1% in the 1st quarter. Cubist Systematic Strategies LLC now owns 470,679 shares of the technology company’s stock valued at $9,654,000 after purchasing an additional 430,453 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in shares of TTM Technologies in the 2nd quarter valued at approximately $16,914,000. Emerald Advisers LLC increased its holdings in shares of TTM Technologies by 34.3% during the 1st quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company’s stock worth $29,533,000 after buying an additional 367,798 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of TTM Technologies by 35.3% during the 1st quarter. Invesco Ltd. now owns 1,357,707 shares of the technology company’s stock worth $27,847,000 after buying an additional 354,342 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

TTM Technologies Stock Performance

Shares of TTM Technologies stock opened at $70.06 on Thursday. The business has a 50-day moving average of $55.17 and a 200 day moving average of $43.02. TTM Technologies, Inc. has a 12 month low of $15.77 and a 12 month high of $70.35. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 55.60 and a beta of 1.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 1.72.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.67 earnings per share (EPS) for the quarter, topping 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 company had revenue of $752.74 million for the quarter, compared to analyst estimates of $711.91 million. During the same period in the prior year, the firm earned $0.41 earnings per share. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. As a group, sell-side analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TTMI shares. Stifel Nicolaus increased their price objective on TTM Technologies from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Wall Street Zen lowered TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 19th. Needham & Company LLC raised their price objective on TTM Technologies from $65.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Truist Financial boosted their price objective on shares of TTM Technologies from $60.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday. One equities 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, TTM Technologies has an average rating of “Buy” and an average price target of $65.00.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, insider Steven Spoto sold 3,484 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $46.58, for a total value of $162,284.72. Following the completion of the transaction, the insider owned 28,649 shares of the company’s stock, valued at $1,334,470.42. This trade represents a 10.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert P. Farrell sold 3,476 shares of the company’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 sale, the insider directly owned 20,346 shares in the company, valued at $1,402,449.78. This represents a 14.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 54,953 shares of company stock valued at $2,436,805 in the last quarter. Corporate insiders own 1.30% of the company’s stock.

About TTM Technologies

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.