Jennison Associates LLC Raises Stock Position in TTM Technologies, Inc. $TTMI

Key Points

• Jennison Associates increased its stake in TTM by 2,056.2% to 640,047 shares (~0.62% ownership, $44.16M) amid broad institutional buying; hedge funds and other institutions now own 95.79% of the stock.
• Q1 beat and raised guidance: TTM posted $0.75 EPS and $845.98M revenue (up 30.4% YoY), topped estimates, set Q2 EPS guidance of $0.82–$0.88, and drew analyst price-target upgrades (Truist to $180).
• Insider activity shows selling pressure—company insiders disposed of 105,150 shares (~$10.41M) in the past 90 days, leaving insiders with just 1.30% ownership.

Jennison Associates LLC increased its holdings in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 2,056.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 640,047 shares of the technology company's stock after acquiring an additional 610,363 shares during the quarter. Jennison Associates LLC owned approximately 0.62% of TTM Technologies worth $44,163,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TTMI. Polar Capital Holdings Plc purchased a new stake in TTM Technologies in the 3rd quarter valued at $176,376,000. Invesco Ltd. raised its position in 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 last quarter. Arrowstreet Capital Limited Partnership raised its position in TTM Technologies by 575.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,831,425 shares of the technology company's stock valued at $105,490,000 after purchasing an additional 1,560,394 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in TTM Technologies in the 3rd quarter valued at $57,271,000. Finally, FengHe Fund Management Pte. Ltd. purchased a new stake in TTM Technologies in the 3rd quarter valued at $54,148,000. Hedge funds and other institutional investors own 95.79% of the company's stock.

Insider Transactions at TTM Technologies

In other news, EVP Catherine A. Gridley sold 20,000 shares of the company's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $105.94, for a total transaction of $2,118,800.00. Following the transaction, the executive vice president directly owned 78,645 shares of the company's stock, valued at $8,331,651.30. This represents a 20.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas T. Edman sold 16,800 shares of the company's stock in a transaction 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 105,150 shares of company stock valued at $10,412,586 in the last ninety days. 1.30% of the stock is currently owned by company insiders.

TTM Technologies Stock Performance

NASDAQ:TTMI opened at $158.99 on Friday. The company has a quick ratio of 1.67, a current ratio of 1.88 and a debt-to-equity ratio of 0.50. TTM Technologies, Inc. has a fifty-two week low of $23.61 and a fifty-two week high of $180.00. The stock has a market cap of $16.51 billion, a PE ratio of 85.94 and a beta of 1.76. The firm's fifty day simple moving average is $109.11 and its 200-day simple moving average is $87.38.

TTM Technologies (NASDAQ:TTMI - Get Free Report) 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 net margin of 6.29% and a return on equity of 13.70%. The business had revenue of $845.98 million for the quarter, compared to analysts' expectations of $789.84 million. During the same period in the prior year, the company posted $0.50 EPS. The business'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. Analysts expect that TTM Technologies, Inc. will post 2.94 earnings per share for the current fiscal year.

Key TTM Technologies News

Here are the key news stories impacting TTM Technologies this week:

• Positive Sentiment: Q1 results beat and management raised guidance — TTMI reported record revenue and beat EPS/revenue estimates; management set Q2 EPS guidance of $0.82–$0.88 and revenue guidance well above consensus, signaling ongoing demand strength. Press release & slides
• Positive Sentiment: AI, data-center and defense end markets are driving growth — multiple reports highlight strong AI-related and data-center demand, expanding margins and a rising backlog that support upside to revenue and profitability expectations. Zacks article
• Positive Sentiment: Analyst upgrades and price-target bumps — Needham raised its price target to $160 (buy) and Truist raised its target up to $180, giving institutional validation to the company’s growth outlook and supporting the rally. Needham price-target note
• Neutral Sentiment: Market coverage and call details available — Earnings call transcript, slide deck and analyst summaries are widely posted for investor review; these provide transparency but no new facts beyond guidance and results. Earnings call transcript
• Negative Sentiment: Valuation concerns — Some analysts/commentary caution that the stock’s rally already prices in near-perfect execution (high multiple), raising risk of profit-taking if growth moderates. Seeking Alpha valuation piece

Wall Street Analysts Forecast Growth

TTMI has been the subject of several research reports. Truist Financial upped their price target on shares of TTM Technologies from $115.00 to $180.00 and gave the company a "buy" rating in a research report on Thursday. Weiss Ratings upgraded shares of TTM Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, February 18th. Stifel Nicolaus upped their price target on shares of TTM Technologies from $108.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, April 20th. Needham & Company LLC upped their price target on shares of TTM Technologies from $125.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday. Finally, B. Riley Financial reiterated a "buy" rating on shares of TTM Technologies in a research report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $149.50.

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.

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