TTM Technologies, Inc. $TTMI Shares Sold by Wesbanco Bank Inc.

Key Points

• Wesbanco Bank Inc. reduced its stake in TTM Technologies, Inc. by 20.2%, owning 51,291 shares worth approximately $2,094,000 after selling 13,000 shares in the second quarter.
• TTM Technologies reported a 20.7% year-over-year increase in revenue, with earnings per share of $0.58 for the last quarter, surpassing estimates.
• Analysts have rated TTM Technologies with an average rating of "Buy", and significant price target increases, with B. Riley raising theirs from $36.00 to $50.00.

Wesbanco Bank Inc. lessened its holdings in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 20.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,291 shares of the technology company's stock after selling 13,000 shares during the period. Wesbanco Bank Inc. owned approximately 0.05% of TTM Technologies worth $2,094,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TTMI. Quarry LP lifted its position in shares of TTM Technologies by 249.9% during the 1st quarter. Quarry LP now owns 2,110 shares of the technology company's stock worth $43,000 after purchasing an additional 1,507 shares during the last quarter. USA Financial Formulas boosted its position in shares of TTM Technologies by 119.1% during the 1st quarter. USA Financial Formulas now owns 2,237 shares of the technology company's stock worth $46,000 after acquiring an additional 1,216 shares in the last quarter. CWM LLC boosted its position in shares of TTM Technologies by 14.4% during the 1st quarter. CWM LLC now owns 4,501 shares of the technology company's stock worth $92,000 after acquiring an additional 567 shares in the last quarter. State of Wyoming increased its holdings in shares of TTM Technologies by 103.3% in the 4th quarter. State of Wyoming now owns 5,708 shares of the technology company's stock valued at $141,000 after acquiring an additional 2,900 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of TTM Technologies by 227.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,295 shares of the technology company's stock worth $150,000 after acquiring an additional 5,064 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.

Insider Buying and Selling

In other news, Director Wajid Ali acquired 5,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average cost of $41.75 per share, with a total value of $208,750.00. Following the completion of the acquisition, the director directly owned 19,024 shares in the company, valued at $794,252. This represents a 35.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Steven Spoto sold 3,484 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $46.58, for a total value of $162,284.72. Following the sale, the insider directly owned 28,649 shares in the company, valued at approximately $1,334,470.42. This represents a 10.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,759 shares of company stock worth $4,136,826. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

TTMI has been the topic of a number of recent analyst reports. B. Riley increased their target price on shares of TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Wall Street Zen upgraded TTM Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Stifel Nicolaus boosted their target price on TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Needham & Company LLC restated a "buy" rating and set a $56.00 price target on shares of TTM Technologies in a research note on Friday, August 15th. Finally, Truist Financial boosted their price objective on TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, TTM Technologies currently has an average rating of "Buy" and a consensus price target of $52.25.

TTM Technologies Stock Down 3.2%

Shares of NASDAQ:TTMI opened at $46.77 on Monday. TTM Technologies, Inc. has a 1 year low of $15.77 and a 1 year high of $51.15. The stock has a 50-day simple moving average of $44.97 and a 200-day simple moving average of $33.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.72 and a current ratio of 2.03. The stock has a market capitalization of $4.83 billion, a P/E ratio of 51.97 and a beta of 1.57.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.52 by $0.06. The business had revenue of $730.62 million for the quarter, compared to the consensus estimate of $668.42 million. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%.The company's revenue was up 20.7% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. Equities analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

TTM Technologies Company 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.

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