Portolan Capital Management LLC Raises Stock Position in TTM Technologies, Inc. $TTMI

Portolan Capital Management LLC raised its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,188,822 shares of the technology company’s stock after purchasing an additional 64,665 shares during the period. TTM Technologies accounts for approximately 3.7% of Portolan Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position. Portolan Capital Management LLC owned approximately 1.15% of TTM Technologies worth $68,476,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Optiver Holding B.V. increased its stake in shares of TTM Technologies by 66.4% in the third quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock valued at $25,000 after buying an additional 170 shares during the period. Bessemer Group Inc. lifted its stake in shares of TTM Technologies by 448.8% in the third quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock worth $27,000 after acquiring an additional 377 shares during the period. Salomon & Ludwin LLC acquired a new position in shares of TTM Technologies in the third quarter worth approximately $39,000. EverSource Wealth Advisors LLC boosted its holdings in TTM Technologies by 52.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,244 shares of the technology company’s stock valued at $51,000 after acquiring an additional 430 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new stake in TTM Technologies in the third quarter valued at approximately $56,000. 95.79% of the stock is owned by institutional investors and hedge funds.

TTM Technologies Stock Performance

NASDAQ:TTMI opened at $90.64 on Friday. The company has a quick ratio of 1.67, a current ratio of 1.93 and a debt-to-equity ratio of 0.52. TTM Technologies, Inc. has a twelve month low of $15.77 and a twelve month high of $113.46. The company has a fifty day moving average of $95.12 and a 200-day moving average of $72.97. The firm has a market capitalization of $9.37 billion, a P/E ratio of 53.63 and a beta of 1.74.

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

Insider Activity

In related news, EVP Catherine A. Gridley sold 20,000 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $105.94, for a total value of $2,118,800.00. Following the completion of the sale, the executive vice president directly owned 78,645 shares of the company’s stock, valued at $8,331,651.30. The trade was a 20.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Daniel J. Weber sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $93.88, for a total value of $1,126,560.00. Following the transaction, the executive vice president directly owned 94,621 shares in the company, valued at approximately $8,883,019.48. This trade represents a 11.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 105,150 shares of company stock worth $9,900,522. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

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

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.