PNC Financial Services Group Inc. Sells 4,976 Shares of TTM Technologies, Inc. $TTMI

PNC Financial Services Group Inc. decreased its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 38.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,801 shares of the technology company’s stock after selling 4,976 shares during the period. PNC Financial Services Group Inc.’s holdings in TTM Technologies were worth $538,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TTMI. Polar Capital Holdings Plc bought a new stake in shares of TTM Technologies during the third quarter worth $176,376,000. Invesco Ltd. increased its position in shares of TTM Technologies by 127.7% during the third quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock worth $277,281,000 after acquiring an additional 2,699,494 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of TTM Technologies by 575.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,831,425 shares of the technology company’s stock worth $105,490,000 after acquiring an additional 1,560,394 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of TTM Technologies during the third quarter worth $57,271,000. Finally, SG Capital Management LLC bought a new stake in shares of TTM Technologies during the third quarter worth $53,803,000. Institutional investors own 95.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. B. Riley Financial increased their price objective on shares of TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Research downgraded shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday, May 18th. Stifel Nicolaus raised their target price on shares of TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Truist Financial raised their target price on shares of TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday. Five equities 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $209.00.

TTM Technologies Price Performance

TTM Technologies stock opened at $173.72 on Monday. The company has a market cap of $18.04 billion, a P/E ratio of 93.90 and a beta of 2.10. TTM Technologies, Inc. has a 1-year low of $29.26 and a 1-year high of $200.68. The company has a fifty day simple moving average of $136.16 and a 200 day simple moving average of $102.48. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 0.50.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, April 29th. The technology company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $845.98 million during the quarter, compared to the consensus estimate of $789.84 million. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. Research analysts anticipate that TTM Technologies, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other TTM Technologies news, Director Thomas T. Edman sold 16,800 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $100.23, for a total value of $1,683,864.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by corporate insiders.

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.