1,011,840 Shares in TTM Technologies, Inc. $TTMI Bought by Atalan Capital Partners LP

Key Points

• Atalan Capital Partners acquired 1,011,840 TTM Technologies shares worth approximately $189.2 million, making TTMI its third-largest holding and representing about 11.6% of its portfolio. Institutional investors collectively own 95.79% of the company.
• Analysts maintain a favorable outlook, with TTM Technologies carrying a consensus “Buy” rating and an average price target of $214.25, despite mixed individual rating changes.
• TTM Technologies exceeded quarterly expectations, reporting $0.99 in EPS and $1.0 billion in revenue, with revenue rising 37.4% year over year. CEO Edwin Roks also bought 10,000 shares for roughly $1.12 million, although other insiders have sold shares recently.

Atalan Capital Partners LP purchased a new position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,011,840 shares of the technology company's stock, valued at approximately $189,234,000. TTM Technologies accounts for approximately 11.6% of Atalan Capital Partners LP's investment portfolio, making the stock its 3rd biggest position. Atalan Capital Partners LP owned about 0.96% of TTM Technologies as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in TTM Technologies in the second quarter worth approximately $2,053,347,000. Invesco Ltd. grew its position in TTM Technologies by 3.5% in the 4th quarter. Invesco Ltd. now owns 4,980,091 shares of the technology company's stock valued at $343,626,000 after purchasing an additional 166,188 shares during the period. Whale Rock Capital Management LLC grew its position in TTM Technologies by 112.1% in the 4th quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company's stock valued at $295,066,000 after purchasing an additional 2,260,035 shares during the period. Polar Capital Holdings Plc bought a new stake in TTM Technologies during the 3rd quarter valued at $176,376,000. Finally, Geode Capital Management LLC increased its stake in TTM Technologies by 3.2% during 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 in the last quarter. 95.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Zacks Research raised shares of TTM Technologies from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 12th. Weiss Ratings downgraded shares of TTM Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday. Needham & Company LLC restated a "buy" rating and issued a $220.00 target price on shares of TTM Technologies in a report on Tuesday, August 18th. B. Riley Financial raised their price target on shares of TTM Technologies from $182.00 to $208.00 and gave the company a "buy" rating in a research report on Thursday, May 28th. Finally, Truist Financial lifted their price target on TTM Technologies from $215.00 to $224.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, TTM Technologies currently has a consensus rating of "Buy" and a consensus price target of $214.25.

TTM Technologies Stock Performance

Shares of TTMI stock opened at $121.70 on Thursday. 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. 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 one year low of $42.69 and a one year high of $223.83.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its earnings results on Thursday, August 6th. The technology company reported $0.99 EPS for the quarter, topping 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 analysts' expectations of $962.04 million. During the same quarter last year, the firm earned $0.58 EPS. The company's quarterly revenue was up 37.4% compared to the same quarter last year. Equities research analysts forecast that TTM Technologies, Inc. will post 4.26 EPS for the current fiscal year.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, CEO Edwin Roks bought 10,000 shares of the firm's stock in a transaction dated Tuesday, August 25th. The stock was purchased at an average cost of $111.77 per share, with a total value of $1,117,700.00. Following the transaction, the chief executive officer directly owned 64,814 shares in the company, valued at $7,244,260.78. This trade represents a 18.24% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Weber sold 2,915 shares of TTM Technologies stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total value of $609,060.10. Following the sale, the executive vice president owned 88,250 shares in the company, valued at $18,438,955. The trade was a 3.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 108,241 shares of company stock valued at $20,911,975 in the last ninety days. 1.30% of the stock is owned by corporate insiders.

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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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