Wesbanco Bank Inc. Sells 5,000 Shares of TTM Technologies, Inc. $TTMI

Wesbanco Bank Inc. decreased its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 18.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,800 shares of the technology company’s stock after selling 5,000 shares during the period. Wesbanco Bank Inc.’s holdings in TTM Technologies were worth $2,221,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TTMI. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of TTM Technologies during the fourth quarter valued at $668,000. Geode Capital Management LLC raised its position in TTM Technologies by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 2,667,956 shares of the technology company’s stock worth $184,119,000 after buying an additional 81,588 shares during the last quarter. Wealth High Governance Capital Ltda boosted its holdings in shares of TTM Technologies by 408.6% during the 4th quarter. Wealth High Governance Capital Ltda now owns 183,079 shares of the technology company’s stock valued at $12,632,000 after acquiring an additional 147,079 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of TTM Technologies by 103.5% during the 4th quarter. Royce & Associates LP now owns 269,046 shares of the technology company’s stock valued at $18,564,000 after acquiring an additional 136,845 shares during the last quarter. Finally, Divisadero Street Capital Management LP bought a new stake in shares of TTM Technologies in the third quarter worth approximately $13,580,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Key Headlines Impacting TTM Technologies

Here are the key news stories impacting TTM Technologies this week:

• Positive Sentiment: TTM Technologies will join the Russell 1000 Index on June 26 after moving up from the Russell 2000. Index inclusion can lift demand from passive funds and increase institutional visibility. Russell 1000 Index inclusion announcement
• Positive Sentiment: The company’s recent results were strong, with revenue and earnings beating expectations and sales up sharply year over year, supporting the longer-term bullish case for TTMI.
• Neutral Sentiment: TTM also announced a European expansion deal and a new credit agreement earlier this month, which could support growth but also adds execution and financing considerations.
• Negative Sentiment: Multiple insiders, including the COO, CFO, and several EVPs, sold shares near recent highs. The broad insider selling is likely weighing on sentiment and may be reinforcing concerns that the stock had gotten ahead of itself after its rally. Insider sale SEC filing

TTM Technologies Stock Performance

TTMI opened at $191.49 on Friday. 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 company has a market cap of $19.89 billion, a price-to-earnings ratio of 103.51 and a beta of 2.09. The company’s 50 day moving average is $172.62 and its 200 day moving average is $120.09. TTM Technologies, Inc. has a 12-month low of $39.20 and a 12-month high of $223.83.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, April 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.09. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. The company had revenue of $845.98 million during the quarter, compared to analyst estimates of $789.84 million. During the same period in the previous year, the business posted $0.50 earnings per share. The firm’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. On average, equities research analysts predict that TTM Technologies, Inc. will post 3.7 EPS for the current year.

Insider Buying and Selling at TTM Technologies

In other news, EVP Douglas L. Soder sold 8,902 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $209.79, for a total transaction of $1,867,550.58. Following the completion of the sale, the executive vice president owned 208,245 shares of the company’s stock, valued at $43,687,718.55. The trade was a 4.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Catherine A. Gridley sold 8,966 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total value of $1,881,066.80. Following the completion of the sale, the executive vice president owned 69,679 shares of the company’s stock, valued at $14,618,654.20. This trade represents a 11.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 75,023 shares of company stock worth $13,898,800. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TTMI. Weiss Ratings restated a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday, May 18th. 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. Truist Financial increased their price target on TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Finally, Needham & Company LLC lifted their price objective on TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $212.00.

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.