Calamos Advisors LLC Makes New $1.96 Million Investment in TTM Technologies, Inc. $TTMI

Calamos Advisors LLC bought a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,067 shares of the technology company’s stock, valued at approximately $1,955,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Archer Investment Corp purchased a new stake in shares of TTM Technologies during the 1st quarter valued at about $253,000. State of Michigan Retirement System bought a new stake in shares of TTM Technologies in the first quarter worth $2,426,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of TTM Technologies by 24.4% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 32,164 shares of the technology company’s stock valued at $3,133,000 after purchasing an additional 6,310 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in TTM Technologies during the first quarter valued at approximately $79,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of TTM Technologies by 1.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,890 shares of the technology company’s stock valued at $2,522,000 after acquiring an additional 309 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Shawn A. Powers sold 3,367 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total transaction of $703,500.98. Following the transaction, the executive vice president owned 120,801 shares in the company, valued at $25,240,160.94. This represents a 2.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Weber sold 2,915 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $208.94, for a total value of $609,060.10. Following the transaction, the executive vice president owned 88,250 shares in the company, valued at approximately $18,438,955. This trade represents a 3.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 82,043 shares of company stock valued at $17,191,859. 1.30% of the stock is owned by company insiders.

TTM Technologies Stock Performance

Shares of TTMI opened at $143.62 on Thursday. TTM Technologies, Inc. has a 52 week low of $39.20 and a 52 week high of $223.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.88. The company has a market capitalization of $14.91 billion, a PE ratio of 77.63 and a beta of 2.10. The company’s 50 day moving average price is $176.98 and its 200 day moving average price is $128.07.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. TTM Technologies had a return on equity of 13.70% and a net margin of 6.29%.The firm had revenue of $845.98 million during the quarter, compared to analysts’ expectations of $789.84 million. During the same quarter last year, the firm earned $0.50 earnings per share. The business’s revenue for the quarter was up 30.4% on a year-over-year basis. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. Research analysts expect that TTM Technologies, Inc. will post 3.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TTMI has been the topic of several research reports. Wall Street Zen lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Stifel Nicolaus lifted their price objective on shares of TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Needham & Company LLC upped their target price on TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Zacks Research downgraded shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Truist Financial raised their price objective on TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, TTM Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.00.

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.