Goldman Sachs Group Inc. Boosts Stock Position in TTM Technologies, Inc. $TTMI

Goldman Sachs Group Inc. grew its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 38.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,687,480 shares of the technology company’s stock after acquiring an additional 471,957 shares during the quarter. Goldman Sachs Group Inc.’s holdings in TTM Technologies were worth $116,436,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Optiver Holding B.V. grew 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 acquiring an additional 170 shares during the period. Bessemer Group Inc. grew its position in TTM Technologies by 448.8% in the third quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock worth $27,000 after acquiring an additional 377 shares during the period. Rakuten Securities Inc. purchased a new position in TTM Technologies in the fourth quarter worth approximately $32,000. Wolff Wiese Magana LLC purchased a new position in TTM Technologies in the fourth quarter worth approximately $34,000. Finally, Danske Bank A S purchased a new position in TTM Technologies in the fourth quarter worth approximately $34,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TTMI shares. Truist Financial increased their price objective on TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Needham & Company LLC increased their price objective on TTM Technologies from $160.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Stifel Nicolaus increased 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. Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Finally, B. Riley Financial increased their price objective on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $209.00.

TTM Technologies Stock Up 6.4%

Shares of NASDAQ TTMI opened at $178.38 on Tuesday. The stock has a market cap of $18.52 billion, a P/E ratio of 96.42 and a beta of 2.10. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 0.50. TTM Technologies, Inc. has a 12-month low of $33.62 and a 12-month high of $200.68. The business’s fifty day simple moving average is $145.59 and its 200-day simple moving average is $107.23.

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

Insider Activity

In other news, Director Thomas T. Edman sold 16,800 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $100.23, for a total value of $1,683,864.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

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.