562,582 Shares in TTM Technologies, Inc. $TTMI Purchased by Palestra Capital Management LLC

Palestra Capital Management LLC purchased a new stake in TTM Technologies, Inc. (NASDAQ:TTMI) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 562,582 shares of the technology company’s stock, valued at approximately $105,214,000. TTM Technologies makes up approximately 3.6% of Palestra Capital Management LLC’s holdings, making the stock its 15th biggest holding. Palestra Capital Management LLC owned approximately 0.53% of TTM Technologies at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Harbor Investment Advisory LLC purchased a new stake in TTM Technologies during the 2nd quarter worth approximately $29,000. Kestra Advisory Services LLC purchased a new position in shares of TTM Technologies in the fourth quarter valued at approximately $30,000. Truvestments Capital LLC acquired a new stake in shares of TTM Technologies in the fourth quarter worth approximately $30,000. GoalVest Advisory LLC boosted its stake in shares of TTM Technologies by 456.7% in the second quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock worth $31,000 after acquiring an additional 137 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in shares of TTM Technologies by 36.2% during the first quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock worth $32,000 after purchasing an additional 87 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Dale Martin Knecht sold 26,198 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $142.00, for a total transaction of $3,720,116.00. Following the completion of the sale, the senior vice president directly owned 40,138 shares of the company’s stock, valued at approximately $5,699,596. This trade represents a 39.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edwin Roks acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were acquired at an average cost of $111.77 per share, with a total value of $1,117,700.00. Following the completion of the transaction, the chief executive officer directly owned 64,814 shares in the company, valued at approximately $7,244,260.78. The trade was a 18.24% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have sold 108,241 shares of company stock valued at $20,911,975. 1.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TTMI shares. Needham & Company LLC restated a “buy” rating and issued a $220.00 price objective on shares of TTM Technologies in a report on Tuesday, August 18th. Truist Financial upped their target price on shares of TTM Technologies from $215.00 to $224.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Zacks Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Stifel Nicolaus raised their price target on shares of TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, B. Riley Financial boosted their price target 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 equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, TTM Technologies has a consensus rating of “Buy” and an average target price of $214.25.

TTM Technologies News Roundup

Here are the key news stories impacting TTM Technologies this week:

• Positive Sentiment: AI data-center demand is strengthening the commercial business. TTM’s AI-driven data-center surge is improving Commercial segment sales, margins and backlog, while next-generation N+M printed-circuit-board revenue is expected to ramp in the second half of 2026. Can TTMI’s AI Data-Center Boom Reshape Its Commercial Business?
• Positive Sentiment: Management highlighted record growth on its earnings call. The update reinforces the view that demand from computing, communications and defense customers is translating into stronger bookings and future revenue visibility. TTM Technologies’ Earnings Call Highlights Record Growth
• Positive Sentiment: CEO Edwin Roks purchased 10,000 shares for approximately $1.12 million. The open-market purchase increased his direct stake by about 18%, a signal of management confidence in TTM’s outlook. TTM Technologies CEO Edwin Roks Buys 10,000 Shares
• Positive Sentiment: Recent earnings support the bullish narrative. TTM previously exceeded EPS and revenue expectations, with revenue up 37.4% year over year, while analysts maintain a consensus “Buy” rating and targets above the current trading level.
• Neutral Sentiment: Short-interest data offers little explanatory value. Reported short interest was zero, suggesting the move is not being driven by a conventional short squeeze, although the figure may reflect a reporting-data issue.
• Negative Sentiment: The CFO sold nearly 5,900 shares worth about $660,500. The sale represented roughly 8% of the CFO’s prior stake and may temper the positive insider-buying signal. Investors are also watching the cost and execution risks associated with the company’s planned acquisition. TTM Technologies CFO Sells Nearly 6,000 Shares

TTM Technologies Stock Performance

TTM Technologies stock opened at $121.70 on Thursday. The firm has a 50 day simple moving average of $146.32 and a 200-day simple moving average of $136.52. TTM Technologies, Inc. has a 1-year low of $42.69 and a 1-year high of $223.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.78 and a quick ratio of 1.54. The stock has a market cap of $12.82 billion, a price-to-earnings ratio of 54.82 and a beta of 2.14.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.89 by $0.10. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $962.04 million. During the same quarter in the previous year, the company earned $0.58 EPS. The business’s revenue for the quarter was up 37.4% compared to the same quarter last year. On average, analysts expect that TTM Technologies, Inc. will post 4.26 EPS for the current year.

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.