Wesbanco Bank Inc. Has $2.29 Million Position in TTM Technologies, Inc. $TTMI

Wesbanco Bank Inc. decreased its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 22.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 39,800 shares of the technology company’s stock after selling 11,491 shares during the period. Wesbanco Bank Inc.’s holdings in TTM Technologies were worth $2,292,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in shares of TTM Technologies by 0.3% during the second quarter. Geode Capital Management LLC now owns 2,557,256 shares of the technology company’s stock valued at $104,399,000 after buying an additional 7,814 shares during the last quarter. Invesco Ltd. lifted its position in TTM Technologies by 55.7% in the 2nd quarter. Invesco Ltd. now owns 2,114,409 shares of the technology company’s stock valued at $86,310,000 after acquiring an additional 756,702 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in TTM Technologies by 7.3% in 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 in the last quarter. Bank of America Corp DE boosted its stake in TTM Technologies by 8.4% during the 2nd quarter. Bank of America Corp DE now owns 1,197,109 shares of the technology company’s stock valued at $48,866,000 after purchasing an additional 92,366 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in TTM Technologies by 3.1% during the 2nd quarter. Loomis Sayles & Co. L P now owns 1,141,308 shares of the technology company’s stock worth $46,588,000 after purchasing an additional 34,520 shares in the last quarter. 95.79% of the stock is owned by institutional investors.

TTM Technologies Stock Down 4.3%

Shares of NASDAQ:TTMI opened at $93.77 on Wednesday. TTM Technologies, Inc. has a 1 year low of $15.77 and a 1 year high of $111.00. The company has a market capitalization of $9.69 billion, a PE ratio of 55.49 and a beta of 1.75. The business has a fifty day moving average price of $82.53 and a two-hundred day moving average price of $64.50. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.93 and a quick ratio of 1.67.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The company had revenue of $763.53 million for the quarter, compared to the consensus estimate of $752.96 million. TTM Technologies had a net margin of 6.11% and a return on equity of 13.30%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. Analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on TTMI. B. Riley Financial raised their target price on TTM Technologies from $81.00 to $123.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Stifel Nicolaus set a $108.00 price objective on TTM Technologies in a research note on Thursday, February 5th. Needham & Company LLC upped their target price on shares of TTM Technologies from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Zacks Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Finally, Truist Financial set a $113.00 price target on shares of TTM Technologies in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $117.25.

Insider Transactions at TTM Technologies

In related news, insider Robert P. Farrell sold 643 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $66.98, for a total value of $43,068.14. Following the transaction, the insider owned 19,406 shares in the company, valued at approximately $1,299,813.88. This represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John G. Mayer sold 9,167 shares of the stock in a transaction on Friday, November 14th. The shares were sold at an average price of $68.13, for a total value of $624,547.71. Following the transaction, the director directly owned 165,140 shares of the company’s stock, valued at approximately $11,250,988.20. This trade represents a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 49,194 shares of company stock valued at $3,828,510. Corporate insiders own 1.30% of the company’s stock.

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.