Granahan Investment Management LLC Takes Position in TTM Technologies, Inc. $TTMI

Granahan Investment Management LLC acquired a new stake in TTM Technologies, Inc. (NASDAQ:TTMI) during the fourth quarter, Holdings Channel.com reports. The firm acquired 247,375 shares of the technology company’s stock, valued at approximately $17,069,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of TTM Technologies by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 13,156,053 shares of the technology company’s stock valued at $757,789,000 after purchasing an additional 60,002 shares during the period. Invesco Ltd. lifted its stake in shares of TTM Technologies by 127.7% in the 3rd quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock valued at $277,281,000 after purchasing an additional 2,699,494 shares during the period. Polar Capital Holdings Plc acquired a new position in shares of TTM Technologies in the 3rd quarter valued at about $176,376,000. Geode Capital Management LLC lifted its stake in shares of TTM Technologies by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 2,667,956 shares of the technology company’s stock valued at $184,119,000 after purchasing an additional 81,588 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of TTM Technologies by 22.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,237,627 shares of the technology company’s stock valued at $154,396,000 after purchasing an additional 406,202 shares during the period. 95.79% of the stock is owned by institutional investors and hedge funds.

TTM Technologies Stock Down 3.4%

TTMI stock opened at $199.58 on Wednesday. The stock’s 50 day simple moving average is $156.80 and its 200 day simple moving average is $112.52. TTM Technologies, Inc. has a fifty-two week low of $35.52 and a fifty-two week high of $209.37. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.88. The company has a market cap of $20.73 billion, a P/E ratio of 107.88 and a beta of 2.09.

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. TTM Technologies had a return on equity of 13.70% and a net margin of 6.29%.The business had revenue of $845.98 million for the quarter, compared to the consensus estimate of $789.84 million. During the same period in the prior year, the business earned $0.50 EPS. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. On average, research analysts expect that TTM Technologies, Inc. will post 3.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TTMI. Weiss Ratings reissued a “buy (b-)” rating on shares of TTM Technologies in a research note on Monday, May 18th. B. Riley Financial upped their price target on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Truist Financial upped their price target on TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Wall Street Zen downgraded TTM Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $209.00.

Insider Buying and Selling

In other TTM Technologies news, Director Thomas T. Edman sold 16,800 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $100.23, for a total transaction of $1,683,864.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

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.