Granahan Investment Management LLC Purchases 80,059 Shares of TTM Technologies, Inc. $TTMI

Granahan Investment Management LLC grew its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 32.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 327,434 shares of the technology company’s stock after purchasing an additional 80,059 shares during the period. TTM Technologies comprises about 1.5% of Granahan Investment Management LLC’s portfolio, making the stock its 16th largest holding. Granahan Investment Management LLC’s holdings in TTM Technologies were worth $31,899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in the company. Invesco Ltd. boosted its holdings in TTM Technologies by 3.5% during the fourth quarter. Invesco Ltd. now owns 4,980,091 shares of the technology company’s stock worth $343,626,000 after purchasing an additional 166,188 shares during the last quarter. Whale Rock Capital Management LLC increased its stake 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 buying an additional 2,260,035 shares during the last quarter. Polar Capital Holdings Plc purchased a new stake in TTM Technologies in the 3rd quarter valued at about $176,376,000. Geode Capital Management LLC lifted its position in shares of 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 worth $184,119,000 after buying an additional 81,588 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of TTM Technologies by 22.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,237,627 shares of the technology company’s stock worth $154,396,000 after buying an additional 406,202 shares in the last quarter. 95.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Shawn A. Powers sold 9,856 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total value of $2,067,788.80. Following the completion of the transaction, the executive vice president directly owned 119,268 shares in the company, valued at approximately $25,022,426.40. This represents a 7.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Catherine A. Gridley sold 8,966 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total value of $1,881,066.80. Following the transaction, the executive vice president owned 69,679 shares in the company, valued at $14,618,654.20. This trade represents a 11.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 82,043 shares of company stock valued at $17,191,859 over the last quarter. Insiders own 1.30% of the company’s stock.

TTM Technologies Trading Down 9.3%

Shares of TTM Technologies stock opened at $131.41 on Friday. 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, Inc. has a 1 year low of $39.20 and a 1 year high of $223.83. The firm has a market cap of $13.65 billion, a PE ratio of 71.03 and a beta of 2.10. The company has a 50 day simple moving average of $173.34 and a two-hundred day simple moving average of $130.96.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The firm 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%. The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 EPS. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. Analysts expect that TTM Technologies, Inc. will post 3.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Needham & Company LLC upped their target price on TTM Technologies from $208.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Truist Financial lifted their price target on TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Stifel Nicolaus boosted their price objective on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Wall Street Zen downgraded TTM Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, TTM Technologies has an average rating of “Moderate Buy” and an average price target of $212.00.

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.