Principal Financial Group Inc. Sells 347,666 Shares of TTM Technologies, Inc. $TTMI

Principal Financial Group Inc. reduced its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 49.8% during the 1st quarter, HoldingsChannel reports. The fund owned 351,049 shares of the technology company’s stock after selling 347,666 shares during the period. Principal Financial Group Inc.’s holdings in TTM Technologies were worth $34,199,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TTMI. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of TTM Technologies by 24.4% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 32,164 shares of the technology company’s stock worth $3,133,000 after purchasing an additional 6,310 shares during the period. International Assets Investment Management LLC bought a new stake in TTM Technologies in the first quarter worth $79,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in TTM Technologies by 1.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,890 shares of the technology company’s stock worth $2,522,000 after buying an additional 309 shares during the period. Fifth Third Bancorp boosted its stake in TTM Technologies by 9,873.1% during the first quarter. Fifth Third Bancorp now owns 23,736 shares of the technology company’s stock worth $2,312,000 after buying an additional 23,498 shares during the period. Finally, Hsbc Holdings PLC increased its position in TTM Technologies by 29.7% during the first quarter. Hsbc Holdings PLC now owns 18,209 shares of the technology company’s stock valued at $1,726,000 after acquiring an additional 4,173 shares during the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TTMI shares. B. Riley Financial increased their target price on shares of TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Weiss Ratings restated a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday, May 18th. Needham & Company LLC upped their target price on TTM Technologies from $208.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Zacks Research downgraded TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Truist Financial raised their price target on TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $212.00.

TTM Technologies Stock Performance

Shares of NASDAQ:TTMI opened at $132.00 on Friday. The firm has a market cap of $13.71 billion, a PE ratio of 71.35 and a beta of 2.10. The firm’s 50 day simple moving average is $176.01 and its 200-day simple moving average is $128.51. TTM Technologies, Inc. has a one year low of $39.20 and a one year high of $223.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.88.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. TTM Technologies had a return on equity of 13.70% and a net margin of 6.29%.The firm had revenue of $845.98 million during the quarter, compared to analyst estimates of $789.84 million. During the same quarter in the previous year, the business earned $0.50 earnings per share. TTM Technologies’s quarterly revenue was up 30.4% on a year-over-year basis. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. As a group, equities analysts predict that TTM Technologies, Inc. will post 3.66 EPS for the current year.

Insider Activity at TTM Technologies

In other news, EVP Catherine A. Gridley sold 8,966 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total value of $1,881,066.80. Following the completion of the sale, the executive vice president owned 69,679 shares of the company’s stock, valued at approximately $14,618,654.20. This represents a 11.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Weber sold 8,533 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total value 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 82,043 shares of company stock worth $17,191,859 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

TTM Technologies Company 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.