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 its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,800 shares of the technology company’s stock after selling 5,000 shares during the quarter. Wesbanco Bank Inc.’s holdings in TTM Technologies were worth $2,221,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in TTMI. Mitsubishi UFJ Trust & Banking Corp bought a new position in TTM Technologies in the fourth quarter worth about $668,000. Geode Capital Management LLC boosted its position in TTM Technologies by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 2,667,956 shares of the technology company’s stock valued at $184,119,000 after acquiring an additional 81,588 shares in the last quarter. Wealth High Governance Capital Ltda grew 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 worth $12,632,000 after acquiring an additional 147,079 shares during the period. Royce & Associates LP grew 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 worth $18,564,000 after acquiring an additional 136,845 shares during the period. Finally, Divisadero Street Capital Management LP bought a new position in shares of TTM Technologies in the 3rd quarter worth approximately $13,580,000. 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

Insider Activity

In related news, Director Thomas T. Edman sold 16,800 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $100.23, for a total transaction of $1,683,864.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Weber sold 8,533 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total transaction of $1,790,223.40. Following the sale, the executive vice president owned 86,088 shares of the company’s stock, valued at approximately $18,061,262.40. This represents a 9.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 75,023 shares of company stock valued at $13,898,800. 1.30% of the stock is currently owned by insiders.

TTM Technologies Stock Performance

Shares of TTMI opened at $191.49 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 0.50. The stock has a market cap of $19.89 billion, a P/E ratio of 103.51 and a beta of 2.09. The business’s 50 day moving average price is $172.62 and its 200-day moving average price is $120.09. TTM Technologies, Inc. has a 52 week low of $39.20 and a 52 week high of $223.83.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The company had revenue of $845.98 million during 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 firm’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter last year, the company earned $0.50 EPS. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. Equities research analysts anticipate that TTM Technologies, Inc. will post 3.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen cut TTM Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Stifel Nicolaus increased their price objective on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Weiss Ratings restated a “buy (b-)” rating on shares of TTM Technologies in a report on Monday, May 18th. Finally, B. Riley Financial upped 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. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $212.00.

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.