State of Michigan Retirement System Invests $2.43 Million in TTM Technologies, Inc. $TTMI

State of Michigan Retirement System acquired a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 24,900 shares of the technology company’s stock, valued at approximately $2,426,000.

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

Insider Activity at TTM Technologies

In related news, EVP Shawn A. Powers sold 9,856 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total value of $2,067,788.80. Following the completion of the transaction, the executive vice president owned 119,268 shares of the company’s stock, valued at $25,022,426.40. This represents a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Douglas L. Soder sold 8,902 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $209.79, for a total transaction of $1,867,550.58. Following the transaction, the executive vice president owned 208,245 shares of the company’s stock, valued at approximately $43,687,718.55. This represents a 4.10% 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 in the last ninety days. Company insiders own 1.30% of the company’s stock.

TTM Technologies Stock Performance

Shares of NASDAQ TTMI opened at $132.00 on Friday. The firm has a market capitalization of $13.71 billion, a price-to-earnings ratio of 71.35 and a beta of 2.10. TTM Technologies, Inc. has a one year low of $39.20 and a one year high of $223.83. The business has a fifty day simple moving average of $176.01 and a 200 day simple moving average of $128.51. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 0.50.

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

Analyst Ratings Changes

Several research firms recently commented on TTMI. Weiss Ratings reiterated a “buy (b-)” rating on shares of TTM Technologies in a research note on Monday, May 18th. Zacks Research lowered shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Truist Financial boosted their price objective on shares of TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. B. Riley Financial upped their price objective on shares of TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen cut shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, TTM Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $212.00.

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.