Comerica Bank Reduces Position in TTM Technologies, Inc. $TTMI

Key Points

• Comerica Bank cut its stake in TTM Technologies by 73.6% in Q4, selling 64,325 shares and leaving 23,089 shares valued at about $1,593,000.
• Large institutions have been adding exposure—Vanguard now owns ~13.16 million shares and Invesco added ~2.7 million shares—leaving institutional investors with roughly 95.79% of the stock.
• TTM beat Q1 expectations (EPS $0.75 vs. $0.66; revenue $846M, up 30.4% YoY), gave Q2 guidance of $0.82–$0.88, and trades near its 12‑month high with a market cap of $15.97B and a P/E of 83.12.

Comerica Bank decreased its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 73.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,089 shares of the technology company's stock after selling 64,325 shares during the quarter. Comerica Bank's holdings in TTM Technologies were worth $1,593,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of TTM Technologies by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 13,156,053 shares of the technology company's stock valued at $757,789,000 after acquiring an additional 60,002 shares during the last quarter. Invesco Ltd. boosted its position in shares of TTM Technologies by 127.7% during the 3rd quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company's stock valued at $277,281,000 after acquiring an additional 2,699,494 shares during the last quarter. Polar Capital Holdings Plc acquired a new position in shares of TTM Technologies during the 3rd quarter valued at about $176,376,000. Arrowstreet Capital Limited Partnership boosted its position in shares of TTM Technologies by 575.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,831,425 shares of the technology company's stock valued at $105,490,000 after acquiring an additional 1,560,394 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of TTM Technologies by 7.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company's stock valued at $34,989,000 after acquiring an additional 115,766 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

TTM Technologies Trading Down 6.6%

NASDAQ TTMI opened at $153.77 on Friday. The firm's 50-day moving average is $112.24 and its two-hundred day moving average is $89.97. TTM Technologies, Inc. has a 12 month low of $25.67 and a 12 month high of $180.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.61. The stock has a market capitalization of $15.97 billion, a P/E ratio of 83.12 and a beta of 2.11.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its earnings results on Wednesday, April 29th. The technology company reported $0.75 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $789.84 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. TTM Technologies'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 anticipate that TTM Technologies, Inc. will post 3.17 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on TTMI shares. Needham & Company LLC boosted their price target on shares of TTM Technologies from $125.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Zacks Research cut shares of TTM Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 6th. Weiss Ratings raised shares of TTM Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, February 18th. Truist Financial boosted their price target on shares of TTM Technologies from $115.00 to $180.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Finally, B. Riley Financial reissued a "buy" rating on shares of TTM Technologies in a research report on Friday, April 24th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $149.50.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, EVP Catherine A. Gridley sold 20,000 shares of the business's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $105.94, for a total transaction of $2,118,800.00. Following the sale, the executive vice president directly owned 78,645 shares in the company, valued at $8,331,651.30. This represents a 20.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel J. Weber sold 12,000 shares of the business's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $93.88, for a total transaction of $1,126,560.00. Following the sale, the executive vice president owned 94,621 shares in the company, valued at $8,883,019.48. This trade represents a 11.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 88,350 shares of company stock valued at $8,797,770 over the last 90 days. 1.30% of the stock is owned by 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.

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