Bank of New York Mellon Corp Boosts Stock Holdings in TTM Technologies, Inc. $TTMI

Bank of New York Mellon Corp boosted its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 1.6% in the first quarter, Holdings Channel.com reports. The firm owned 715,543 shares of the technology company’s stock after acquiring an additional 11,610 shares during the quarter. Bank of New York Mellon Corp’s holdings in TTM Technologies were worth $69,708,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. grew its holdings in TTM Technologies by 2,984.6% during the first quarter. Hillsdale Investment Management Inc. now owns 4,010 shares of the technology company’s stock worth $391,000 after acquiring an additional 3,880 shares during the period. Calamos Advisors LLC acquired a new stake in TTM Technologies in the first quarter valued at $1,955,000. Archer Investment Corp purchased a new stake in shares of TTM Technologies during the 1st quarter worth $253,000. State of Michigan Retirement System purchased a new stake in shares of TTM Technologies during the 1st quarter worth $2,426,000. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in TTM Technologies by 24.4% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 32,164 shares of the technology company’s stock worth $3,133,000 after buying an additional 6,310 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Analyst Upgrades and Downgrades

TTMI has been the subject of a number of research analyst reports. Weiss Ratings cut shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Wall Street Zen lowered TTM Technologies from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Stifel Nicolaus raised their price target on TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Needham & Company LLC raised their target price on shares of TTM Technologies from $208.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Finally, B. Riley Financial lifted their target price on shares of TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, TTM Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $212.00.

TTM Technologies Stock Performance

Shares of TTMI opened at $144.70 on Thursday. TTM Technologies, Inc. has a 1 year low of $39.20 and a 1 year high of $223.83. The company’s 50 day simple moving average is $174.60 and its 200 day simple moving average is $130.43. The company has a market capitalization of $15.03 billion, a price-to-earnings ratio of 78.22 and a beta of 2.10. 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 (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.75 earnings per share 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 analyst estimates of $789.84 million. During the same quarter in the prior year, the company posted $0.50 EPS. The business’s revenue for the quarter 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. On average, sell-side analysts predict that TTM Technologies, Inc. will post 3.66 EPS for the current year.

Insider Transactions at TTM Technologies

In other news, EVP Catherine A. Gridley sold 3,056 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total transaction of $638,520.64. Following the completion of the sale, the executive vice president directly owned 71,866 shares of the company’s stock, valued at $15,015,682.04. The trade was a 4.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert P. Farrell sold 1,304 shares of the company’s stock in a transaction 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 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 disclosure for this sale is available in the SEC filing. Insiders sold 82,043 shares of company stock worth $17,191,859 in the last quarter. 1.30% of the stock is currently owned by corporate insiders.

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.