Connor Clark & Lunn Investment Management Ltd. Invests $8.13 Million in TTM Technologies, Inc. $TTMI

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 43,484 shares of the technology company’s stock, valued at approximately $8,132,000.

A number of other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of TTM Technologies by 1.8% during the 2nd quarter. GAMMA Investing LLC now owns 4,340 shares of the technology company’s stock valued at $812,000 after purchasing an additional 75 shares during the last quarter. Parallel Advisors LLC lifted its stake in TTM Technologies by 36.2% in 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 during the last quarter. Lido Advisors LLC lifted its stake in TTM Technologies by 1.5% in the fourth quarter. Lido Advisors LLC now owns 8,013 shares of the technology company’s stock worth $553,000 after purchasing an additional 116 shares during the last quarter. GoalVest Advisory LLC boosted its position in TTM Technologies by 456.7% during the second quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock valued at $31,000 after buying an additional 137 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its position in TTM Technologies by 4.5% during the first quarter. Fifth Third Wealth Advisors LLC now owns 3,289 shares of the technology company’s stock valued at $320,000 after buying an additional 142 shares during the period. 95.79% of the stock is owned by hedge funds and other institutional investors.

TTM Technologies Price Performance

TTMI stock opened at $121.70 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.78 and a quick ratio of 1.54. TTM Technologies, Inc. has a 1 year low of $42.69 and a 1 year high of $223.83. The firm has a 50-day moving average of $146.32 and a 200 day moving average of $136.52. The company has a market cap of $12.82 billion, a P/E 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 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.10. TTM Technologies had a return on equity of 15.67% and a net margin of 7.01%.The company had revenue of $1 billion for the quarter, compared to analyst estimates of $962.04 million. During the same period in the previous year, the company posted $0.58 earnings per share. The firm’s revenue was up 37.4% on a year-over-year basis. On average, sell-side analysts forecast that TTM Technologies, Inc. will post 4.26 EPS for the current year.

Key Headlines Impacting TTM Technologies

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

Insider Transactions at TTM Technologies

In related news, SVP Dale Martin Knecht sold 26,198 shares of TTM Technologies stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $142.00, for a total value of $3,720,116.00. Following the completion of the sale, the senior vice president directly owned 40,138 shares in the company, valued at approximately $5,699,596. This trade represents a 39.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Shawn A. Powers sold 9,856 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was 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 directly owned 119,268 shares of the company’s stock, valued at approximately $25,022,426.40. This trade represents a 7.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 108,241 shares of company stock valued at $20,911,975. 1.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on TTMI. Stifel Nicolaus raised their price target on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price objective on shares of TTM Technologies in a research report on Tuesday, August 18th. Wall Street Zen raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 22nd. B. Riley Financial raised their target price on shares of TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $214.25.

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.