Dana Investment Advisors Inc. Cuts Holdings in TTM Technologies, Inc. $TTMI

Dana Investment Advisors Inc. cut its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 22.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 197,574 shares of the technology company’s stock after selling 56,520 shares during the quarter. Dana Investment Advisors Inc.’s holdings in TTM Technologies were worth $13,633,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TTMI. Optiver Holding B.V. boosted its holdings in TTM Technologies by 66.4% during the third quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock worth $25,000 after purchasing an additional 170 shares during the last quarter. Bessemer Group Inc. boosted its holdings in TTM Technologies by 448.8% during the third quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock worth $27,000 after purchasing an additional 377 shares during the last quarter. Rakuten Securities Inc. purchased a new position in TTM Technologies during the fourth quarter worth about $32,000. Wolff Wiese Magana LLC purchased a new position in TTM Technologies during the fourth quarter worth about $34,000. Finally, Danske Bank A S purchased a new position in TTM Technologies during the fourth quarter worth about $34,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TTM Technologies

In other news, EVP Catherine A. Gridley sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $105.94, for a total value of $2,118,800.00. Following the sale, the executive vice president owned 78,645 shares of the company’s stock, valued at $8,331,651.30. The trade was a 20.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas T. Edman sold 16,800 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $100.23, for a total transaction of $1,683,864.00. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 53,600 shares of company stock worth $5,509,880. Insiders own 1.30% of the company’s stock.

TTM Technologies Stock Performance

Shares of TTMI stock opened at $167.35 on Friday. The firm has a market cap of $17.38 billion, a price-to-earnings ratio of 90.46 and a beta of 2.11. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.88. TTM Technologies, Inc. has a 52 week low of $28.12 and a 52 week high of $180.00. The firm’s 50-day simple moving average is $119.22 and its two-hundred day simple moving average is $94.27.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. The business had revenue of $845.98 million for the quarter, compared to analyst estimates of $789.84 million. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 earnings per share. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. As a group, equities analysts forecast that TTM Technologies, Inc. will post 3.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TTMI. Stifel Nicolaus boosted their price target on shares of TTM Technologies from $108.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, April 20th. B. Riley Financial restated a “buy” rating on shares of TTM Technologies in a report on Friday, April 24th. Zacks Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Truist Financial lifted their price objective on shares of TTM Technologies from $115.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Needham & Company LLC lifted their price objective on shares of TTM Technologies from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, TTM Technologies has a consensus rating of “Moderate Buy” and an average price target of $149.50.

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.