Mitsubishi UFJ Trust & Banking Corp Acquires New Shares in TTM Technologies, Inc. $TTMI

Key Points

• Mitsubishi UFJ Trust & Banking Corp acquired a new stake of 9,677 shares in TTM Technologies (about $668,000) in Q4, and institutional investors now own roughly 95.79% of the stock.
• TTM beat Q1 expectations with $0.75 EPS (vs. $0.66 est.) and $846M revenue (up 30.4% YoY), and issued Q2 guidance of $0.82–$0.88 EPS.
• Analyst sentiment is largely positive—five Buy ratings vs. one Hold—with several firms raising targets (e.g., Truist to $180, Needham to $160) and an average price target of $149.50.

Mitsubishi UFJ Trust & Banking Corp acquired a new stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,677 shares of the technology company's stock, valued at approximately $668,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC lifted its holdings in TTM Technologies by 3.3% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 6,665 shares of the technology company's stock valued at $460,000 after acquiring an additional 214 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new position in TTM Technologies in the fourth quarter valued at approximately $691,000. Pictet Asset Management Holding SA lifted its stake in TTM Technologies by 5.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 15,517 shares of the technology company's stock worth $1,071,000 after purchasing an additional 851 shares in the last quarter. Elevated Financial Group LLC acquired a new position in TTM Technologies during the fourth quarter worth $315,000. Finally, Sanctuary Advisors LLC acquired a new position in TTM Technologies during the fourth quarter worth $243,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

TTM Technologies Stock Up 1.3%

TTM Technologies stock opened at $159.58 on Wednesday. TTM Technologies, Inc. has a twelve month low of $24.31 and a twelve month high of $180.00. The stock's fifty day simple moving average is $110.15 and its 200-day simple moving average is $88.55. 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 firm has a market capitalization of $16.57 billion, a P/E ratio of 86.26 and a beta of 2.11.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $845.98 million for the quarter, compared to analyst estimates of $789.84 million. TTM Technologies had a return on equity of 13.70% and a net margin of 6.29%.The company's revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 earnings per share. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. As a group, equities analysts expect that TTM Technologies, Inc. will post 2.94 earnings per share for the current fiscal year.

Insider Activity at TTM Technologies

In related news, Director Thomas T. Edman sold 16,800 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $100.23, for a total value of $1,683,864.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Daniel J. Weber sold 12,000 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $93.88, for a total value of $1,126,560.00. Following the completion of the transaction, the executive vice president directly owned 94,621 shares in the company, valued at $8,883,019.48. This trade represents a 11.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 88,350 shares of company stock valued at $8,797,770 over the last quarter. 1.30% of the stock is owned by insiders.

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.

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