TTM Technologies, Inc. $TTMI Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard trimmed its position by 2.2% in Q4, selling 291,746 shares and now holds 12,864,307 shares (about 12.45%) of TTM valued at $887.6 million, while institutional investors collectively own 95.79% of the stock.
• Q1 results beat expectations—EPS $0.75 and revenue $845.98M (up 30.4% YoY)—and management set Q2 guidance of $0.82–$0.88, with AI, data-center and defense demand cited as key growth drivers and analysts raising price targets up to $180.
• Insiders have been selling (105,150 shares worth $10.4M over the past 90 days) and the stock trades at a rich valuation (PE ~85.9 and near its 12‑month high), prompting some caution about downside if growth moderates.

Vanguard Group Inc. decreased its stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,864,307 shares of the technology company's stock after selling 291,746 shares during the quarter. Vanguard Group Inc. owned approximately 12.45% of TTM Technologies worth $887,637,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Royal Bank of Canada boosted its position in TTM Technologies by 66.6% during the first quarter. Royal Bank of Canada now owns 26,433 shares of the technology company's stock worth $543,000 after acquiring an additional 10,565 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in TTM Technologies by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,087 shares of the technology company's stock worth $1,232,000 after acquiring an additional 2,632 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in TTM Technologies by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company's stock worth $34,989,000 after acquiring an additional 115,766 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in TTM Technologies by 7.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,563 shares of the technology company's stock worth $3,908,000 after acquiring an additional 13,691 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in TTM Technologies by 1,150.2% during the first quarter. Jane Street Group LLC now owns 139,889 shares of the technology company's stock worth $2,869,000 after acquiring an additional 128,700 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

Key Stories Impacting TTM Technologies

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

• Positive Sentiment: Q1 results beat and management raised guidance — TTMI reported record revenue and beat EPS/revenue estimates; management set Q2 EPS guidance of $0.82–$0.88 and revenue guidance well above consensus, signaling ongoing demand strength. Press release & slides
• Positive Sentiment: AI, data-center and defense end markets are driving growth — multiple reports highlight strong AI-related and data-center demand, expanding margins and a rising backlog that support upside to revenue and profitability expectations. Zacks article
• Positive Sentiment: Analyst upgrades and price-target bumps — Needham raised its price target to $160 (buy) and Truist raised its target up to $180, giving institutional validation to the company’s growth outlook and supporting the rally. Needham price-target note
• Neutral Sentiment: Market coverage and call details available — Earnings call transcript, slide deck and analyst summaries are widely posted for investor review; these provide transparency but no new facts beyond guidance and results. Earnings call transcript
• Negative Sentiment: Valuation concerns — Some analysts/commentary caution that the stock’s rally already prices in near-perfect execution (high multiple), raising risk of profit-taking if growth moderates. Seeking Alpha valuation piece

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TTMI shares. Weiss Ratings upgraded 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 stock a "buy" rating in a research report on Thursday. Needham & Company LLC boosted their price target on shares of TTM Technologies from $125.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday. Stifel Nicolaus boosted their price target on shares of TTM Technologies from $108.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, April 20th. Finally, Zacks Research lowered shares of TTM Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 6th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, TTM Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.50.

Insiders Place Their Bets

In other TTM Technologies news, EVP Daniel J. Weber sold 12,000 shares of TTM Technologies stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $93.88, for a total transaction of $1,126,560.00. Following the transaction, the executive vice president directly owned 94,621 shares of the company's stock, valued at $8,883,019.48. The trade was a 11.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas T. Edman sold 16,800 shares of the business's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $100.23, for a total transaction of $1,683,864.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 105,150 shares of company stock valued at $10,412,586 over the last ninety days. Company insiders own 1.30% of the company's stock.

TTM Technologies Price Performance

Shares of TTMI stock opened at $158.99 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.67. The firm's 50-day moving average is $109.11 and its two-hundred day moving average is $87.60. TTM Technologies, Inc. has a 12 month low of $23.61 and a 12 month high of $180.00. The company has a market capitalization of $16.51 billion, a PE ratio of 85.94 and a beta of 2.11.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its earnings results on Wednesday, April 29th. The technology company reported $0.75 EPS for the quarter, topping 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 the consensus estimate of $789.84 million. During the same period in the previous year, the firm earned $0.50 earnings per share. TTM Technologies'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. Analysts predict that TTM Technologies, Inc. will post 2.94 earnings per share for the current year.

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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