TTM Technologies, Inc. $TTMI Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its holdings in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 60.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,913 shares of the technology company's stock after selling 4,382 shares during the quarter. PNC Financial Services Group Inc.'s holdings in TTM Technologies were worth $119,000 as of its most recent filing with the SEC.

• Top 3 Behind-the-Scenes Electronic Component Companies to Watch

A number of other institutional investors and hedge funds have also recently bought and sold shares of TTMI. Phocas Financial Corp. increased its holdings in TTM Technologies by 23.1% during the 1st quarter. Phocas Financial Corp. now owns 354,266 shares of the technology company's stock worth $7,266,000 after purchasing an additional 66,393 shares during the last quarter. Headlands Technologies LLC increased its stake in shares of TTM Technologies by 35.6% in the first quarter. Headlands Technologies LLC now owns 26,471 shares of the technology company's stock worth $543,000 after buying an additional 6,949 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in TTM Technologies by 41.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 87,597 shares of the technology company's stock valued at $1,797,000 after acquiring an additional 25,775 shares in the last quarter. Invesco Ltd. boosted its stake in TTM Technologies by 35.3% during the 1st quarter. Invesco Ltd. now owns 1,357,707 shares of the technology company's stock valued at $27,847,000 after acquiring an additional 354,342 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in TTM Technologies during the 1st quarter worth $232,000. Hedge funds and other institutional investors own 95.79% of the company's stock.

TTM Technologies Stock Performance

Shares of TTMI stock opened at $70.36 on Friday. The company has a market cap of $7.27 billion, a P/E ratio of 55.84 and a beta of 1.66. The business has a 50 day moving average of $61.37 and a two-hundred day moving average of $48.13. TTM Technologies, Inc. has a 52 week low of $15.77 and a 52 week high of $71.85. The company has a quick ratio of 1.72, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.06. TTM Technologies had a return on equity of 13.43% and a net margin of 4.74%.The business had revenue of $752.74 million for the quarter, compared to analysts' expectations of $711.91 million. During the same period in the prior year, the firm earned $0.41 EPS. The business's quarterly revenue was up 22.1% on a year-over-year basis. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. As a group, analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TTMI shares. Zacks Research raised shares of TTM Technologies from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 3rd. Needham & Company LLC boosted their price objective on TTM Technologies from $77.00 to $79.00 and gave the company a "buy" rating in a report on Wednesday, November 12th. Weiss Ratings raised TTM Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, October 24th. Truist Financial lifted their target price on TTM Technologies from $60.00 to $78.00 and gave the stock a "buy" rating in a research report on Thursday, October 30th. Finally, Wall Street Zen lowered TTM Technologies from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 19th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $65.50.

Check Out Our Latest Research Report on TTM Technologies

Insider Buying and Selling

In other news, insider Robert P. Farrell sold 643 shares of the business's stock in a transaction on Monday, November 17th. The shares were sold at an average price of $66.98, for a total transaction of $43,068.14. Following the completion of the transaction, the insider owned 19,406 shares of the company's stock, valued at approximately $1,299,813.88. The trade was a 3.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Julie Spicer England sold 3,784 shares of the stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $63.34, for a total transaction of $239,678.56. Following the completion of the sale, the director directly owned 106,541 shares in the company, valued at approximately $6,748,306.94. This trade represents a 3.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 18,070 shares of company stock valued at $1,213,845. 1.30% of the stock is owned by corporate insiders.

TTM Technologies Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.

Featured Stories

• Five stocks we like better than TTM Technologies
• Buy P&G Now, Before It Sets A New All-Time High
• Meta Platforms May Ditch NVIDIA Chips—Here’s Why Investors Care
• Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
• SoFi Technologies: From Fintech Speculation to Profit Engine
• How to Invest in the Best Canadian Stocks
• Gold to $5,000? What Bank of America and UBS Have to Say

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in TTM Technologies Right Now?

Before you consider TTM Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TTM Technologies wasn't on the list.

While TTM Technologies currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here