Polar Capital Holdings Plc Has $179.22 Million Holdings in TTM Technologies, Inc. $TTMI

Polar Capital Holdings Plc cut its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 15.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,597,412 shares of the technology company’s stock after selling 464,671 shares during the period. Polar Capital Holdings Plc owned about 2.51% of TTM Technologies worth $179,221,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Optiver Holding B.V. raised its holdings in shares of TTM Technologies by 66.4% in the third quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock valued at $25,000 after purchasing an additional 170 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of TTM Technologies in the fourth quarter valued at approximately $30,000. Truvestments Capital LLC acquired a new position in TTM Technologies during the fourth quarter worth $30,000. Rakuten Securities Inc. acquired a new position in TTM Technologies during the fourth quarter worth $32,000. Finally, Wolff Wiese Magana LLC acquired a new position in TTM Technologies during the fourth quarter worth $34,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TTM Technologies

In other TTM Technologies news, Director Thomas T. Edman sold 16,800 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $100.23, for a total value of $1,683,864.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus boosted their target price on shares of TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Needham & Company LLC restated a “buy” rating and set a $208.00 target price on shares of TTM Technologies in a report on Thursday, June 11th. Wall Street Zen downgraded shares of TTM Technologies from a “buy” rating to a “hold” rating in a report on Saturday. Truist Financial boosted their target price on shares of TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of TTM Technologies in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat, TTM Technologies has an average rating of “Buy” and a consensus target price of $209.00.

TTM Technologies Price Performance

NASDAQ:TTMI opened at $199.58 on Wednesday. TTM Technologies, Inc. has a one year low of $35.52 and a one year high of $209.37. The company has a market cap of $20.73 billion, a P/E ratio of 107.88 and a beta of 2.09. The firm’s fifty day moving average price is $156.80 and its two-hundred day moving average price is $112.52. 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 (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. The firm had revenue of $845.98 million for the quarter, compared to the consensus estimate of $789.84 million. During the same period in the previous year, the company earned $0.50 earnings per share. The company’s quarterly revenue was up 30.4% on a year-over-year basis. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. Equities analysts expect that TTM Technologies, Inc. will post 3.7 earnings per share for the current year.

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.