Castleark Management LLC Acquires 3,990 Shares of TTM Technologies, Inc. $TTMI

Castleark Management LLC raised its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 3.1% in the fourth quarter, Holdings Channel reports. The fund owned 131,850 shares of the technology company’s stock after buying an additional 3,990 shares during the quarter. Castleark Management LLC’s holdings in TTM Technologies were worth $9,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Optiver Holding B.V. raised its position in TTM Technologies by 66.4% in the third quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock worth $25,000 after purchasing an additional 170 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of TTM Technologies by 448.8% during the third quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock valued at $27,000 after purchasing an additional 377 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of TTM Technologies during the fourth quarter valued at approximately $32,000. Wolff Wiese Magana LLC bought a new stake in shares of TTM Technologies during the fourth quarter valued at approximately $34,000. Finally, Danske Bank A S bought a new stake in shares of TTM Technologies during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

TTMI has been the topic of a number of recent research reports. Stifel Nicolaus raised their price objective on shares of TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Wall Street Zen lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Needham & Company LLC restated a “buy” rating and set a $208.00 price objective on shares of TTM Technologies in a report on Thursday. Finally, Truist Financial raised 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. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat.com, TTM Technologies has a consensus rating of “Buy” and an average target price of $209.00.

TTM Technologies Stock Up 3.7%

TTM Technologies stock opened at $194.05 on Friday. The firm has a market capitalization of $20.15 billion, a PE ratio of 104.89 and a beta of 2.09. The company’s 50-day moving average is $152.57 and its 200-day moving average is $110.30. TTM Technologies, Inc. has a fifty-two week low of $35.01 and a fifty-two week high of $200.68. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.61.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The company had revenue of $845.98 million for the quarter, compared to analyst estimates of $789.84 million. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. TTM Technologies’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 EPS. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. Sell-side analysts anticipate that TTM Technologies, Inc. will post 3.7 earnings per share for the current year.

Insider Activity at TTM Technologies

In related news, Director Thomas T. Edman sold 16,800 shares of TTM Technologies stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $100.23, for a total transaction of $1,683,864.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

TTM Technologies 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.