Fifth Third Bancorp Raises Stake in TTM Technologies, Inc. $TTMI

Fifth Third Bancorp increased its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 9,873.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,736 shares of the technology company’s stock after purchasing an additional 23,498 shares during the quarter. Fifth Third Bancorp’s holdings in TTM Technologies were worth $2,312,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new position in TTM Technologies during the fourth quarter worth $30,000. Truvestments Capital LLC acquired a new position in shares of TTM Technologies during the 4th quarter worth $30,000. Rakuten Securities Inc. purchased a new stake in shares of TTM Technologies in the 4th quarter worth about $32,000. Wolff Wiese Magana LLC acquired a new stake in TTM Technologies in the 4th quarter valued at about $34,000. Finally, Danske Bank A S acquired a new stake in shares of TTM Technologies in the fourth quarter valued at approximately $34,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on TTMI. Truist Financial upped their target price on TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Wall Street Zen lowered TTM Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Stifel Nicolaus boosted their target price 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. Weiss Ratings cut shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Finally, B. Riley Financial boosted their price objective on shares of TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $212.00.

Insider Transactions at TTM Technologies

In other TTM Technologies news, EVP Shawn A. Powers sold 9,856 shares of TTM Technologies stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total transaction of $2,067,788.80. Following the transaction, the executive vice president directly owned 119,268 shares of the company’s stock, valued at $25,022,426.40. The trade was a 7.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Douglas L. Soder sold 8,902 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $209.79, for a total transaction of $1,867,550.58. Following the sale, the executive vice president owned 208,245 shares of the company’s stock, valued at approximately $43,687,718.55. This represents a 4.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 82,043 shares of company stock valued at $17,191,859 in the last three months. 1.30% of the stock is owned by company insiders.

TTM Technologies Price Performance

TTMI stock opened at $146.85 on Wednesday. The company has a market cap of $15.25 billion, a PE ratio of 79.38 and a beta of 2.10. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average price of $175.08 and a two-hundred day moving average price of $129.90. TTM Technologies, Inc. has a 12-month low of $39.20 and a 12-month high of $223.83.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 EPS for the quarter, topping 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 company had revenue of $845.98 million for the quarter, compared to the consensus estimate of $789.84 million. During the same period last year, the business posted $0.50 EPS. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. As a group, research analysts predict that TTM Technologies, Inc. will post 3.66 EPS for the current year.

TTM Technologies Company 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.