Bouvel Investment Partners LLC Acquires 5,102 Shares of TTM Technologies, Inc. $TTMI

Bouvel Investment Partners LLC boosted its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 20.3% in the third quarter, Holdings Channel reports. The institutional investor owned 30,226 shares of the technology company’s stock after acquiring an additional 5,102 shares during the period. Bouvel Investment Partners LLC’s holdings in TTM Technologies were worth $3,713,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of TTM Technologies during the 2nd quarter valued at $2,053,347,000. Castle Hook Partners LP purchased a new stake in shares of TTM Technologies during the fourth quarter valued at $133,351,000. Atalan Capital Partners LP purchased a new stake in TTM Technologies in the second quarter valued at approximately $189,234,000. Wellington Management Group LLP boosted its holdings in shares of TTM Technologies by 61.9% in the 2nd quarter. Wellington Management Group LLP now owns 2,268,404 shares of the technology company’s stock valued at $424,237,000 after acquiring an additional 867,255 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of TTM Technologies during the second quarter worth $114,470,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

TTM Technologies Stock Up 5.2%

Shares of NASDAQ TTMI traded up $5.77 during midday trading on Tuesday, hitting $116.10. The company’s stock had a trading volume of 3,734,377 shares, compared to its average volume of 2,544,566. TTM Technologies, Inc. has a 1 year low of $53.36 and a 1 year high of $223.83. The business’s fifty day simple moving average is $124.07 and its two-hundred day simple moving average is $142.08. The firm has a market capitalization of $12.23 billion, a price-to-earnings ratio of 52.30 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 (NASDAQ:TTMI) last released 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. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $962.04 million. TTM Technologies had a return on equity of 15.67% and a net margin of 7.01%. TTM Technologies’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 EPS. On average, equities analysts predict that TTM Technologies, Inc. will post 4.26 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on TTMI shares. Truist Financial raised their price target on shares of TTM Technologies from $224.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday. Weiss Ratings downgraded shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Zacks Research cut TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Wall Street Zen downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 30th. Finally, Needham & Company LLC dropped their target price on shares of TTM Technologies from $220.00 to $175.00 and set a “buy” rating for the company in a report on Monday, September 21st. Four research 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 a consensus target price of $204.75.

Insider Activity at TTM Technologies

In other news, CEO Edwin Roks acquired 10,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were bought at an average cost of $111.77 per share, with a total value of $1,117,700.00. Following the purchase, the chief executive officer owned 64,814 shares of the company’s stock, valued at $7,244,260.78. This represents a 18.24% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Dale Knecht sold 26,198 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $142.00, for a total value of $3,720,116.00. Following the completion of the sale, the senior vice president directly owned 40,138 shares of the company’s stock, valued at $5,699,596. This represents a 39.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.30% of the stock is currently owned by insiders.

Key Stories Impacting TTM Technologies

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

• Positive Sentiment: TTM announced a $400 million investment across four facilities in China and its Penang, Malaysia plant to expand production of advanced interconnect products used in AI infrastructure. The brownfield strategy—upgrading existing facilities rather than building new ones—could bring capacity online faster and help the company serve hyperscalers, data-center operators and networking customers. TTM Technologies Boosts AI-Focused Manufacturing Capacity Investments
• Positive Sentiment: The company’s long-term growth case remains supported by a reported $1.7 billion defense backlog and a pipeline exceeding $7 billion. Rising defense demand, advanced-manufacturing investments and AI data-center growth could provide multiple sources of future revenue. TTMI’s Defense Pipeline Strengthens
• Neutral Sentiment: TTM is adding the spending to an earlier commitment to invest $1.2 billion from 2025 through 2029, signaling strong customer demand but also a significantly larger investment program. Management expects to provide more details with its third-quarter 2026 earnings update. TTM Technologies Announces $400 Million in Planned Strategic Investments
• Negative Sentiment: Investors appear concerned that the rapid expansion could pressure free cash flow and returns before the additional capacity generates revenue. The concentration of new investment in China and Malaysia adds geopolitical, supply-chain and execution risks, while TTM also depends on a relatively small number of major customers. TTM Technologies Is Down After Accelerating AI-Focused Capacity Expansion
• Negative Sentiment: The market reaction reflects a “show-me” stance toward the AI buildout: stronger future demand is encouraging, but investors want evidence that the spending will translate into profitable growth without cost overruns or delays. TTM Technologies Slips on a New AI Spending Plan

About TTM Technologies

TTM Technologies, Inc is a manufacturer of technology solutions for the electronics industry. The company primarily produces printed circuit boards, including rigid, flexible, rigid-flex and high-density interconnect boards, as well as specialized radio-frequency and microwave components and assemblies.

TTM’s products and services support applications that require complex electronic circuitry and high reliability. Its customers operate in markets such as aerospace and defense, data-center computing, automotive, medical, industrial and instrumentation, and networking and communications.