Castleark Management LLC Sells 40,620 Shares of TTM Technologies, Inc. $TTMI

Castleark Management LLC decreased its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 30.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 91,230 shares of the technology company’s stock after selling 40,620 shares during the period. Castleark Management LLC’s holdings in TTM Technologies were worth $8,888,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Parallel Advisors LLC boosted its stake in TTM Technologies by 36.2% in the first quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock valued at $32,000 after acquiring an additional 87 shares during the last quarter. Lido Advisors LLC raised its position in shares of TTM Technologies by 1.5% during the 4th quarter. Lido Advisors LLC now owns 8,013 shares of the technology company’s stock valued at $553,000 after acquiring an additional 116 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of TTM Technologies by 4.5% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 3,289 shares of the technology company’s stock valued at $320,000 after purchasing an additional 142 shares during the period. Tocqueville Asset Management L.P. boosted its position in shares of TTM Technologies by 0.8% in the 4th quarter. Tocqueville Asset Management L.P. now owns 18,858 shares of the technology company’s stock worth $1,301,000 after purchasing an additional 158 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of TTM Technologies by 4.4% during the third quarter. Larson Financial Group LLC now owns 3,978 shares of the technology company’s stock worth $229,000 after purchasing an additional 167 shares during the period. 95.79% of the stock is currently owned by institutional investors and hedge funds.

TTM Technologies Price Performance

TTMI opened at $131.41 on Monday. The stock has a market cap of $13.65 billion, a P/E ratio of 71.03 and a beta of 2.10. TTM Technologies, Inc. has a 12 month low of $39.20 and a 12 month high of $223.83. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $173.34 and a 200 day simple moving average of $131.40.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, April 29th. The technology company reported $0.75 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $789.84 million. During the same period in the previous year, the company posted $0.50 earnings per share. The company’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. On average, research analysts expect that TTM Technologies, Inc. will post 3.66 EPS for the current year.

Insider Activity at TTM Technologies

In related news, EVP Catherine A. Gridley sold 3,056 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total value of $638,520.64. Following the completion of the transaction, the executive vice president directly owned 71,866 shares in the company, valued at approximately $15,015,682.04. The trade was a 4.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert P. Farrell sold 1,304 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $208.92, for a total value of $272,431.68. Following the sale, the insider directly owned 16,995 shares of the company’s stock, valued at approximately $3,550,595.40. The trade was a 7.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 82,043 shares of company stock valued at $17,191,859 over the last 90 days. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TTMI shares. B. Riley Financial upped their price objective on TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Needham & Company LLC raised their target price on TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Wall Street Zen cut TTM Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Zacks Research downgraded shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Truist Financial lifted their price objective on shares of TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $212.00.

TTM Technologies 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.