Palestra Capital Management LLC Buys Shares of 562,582 TTM Technologies, Inc. $TTMI

Posted by Stanley Muller on Aug 27th, 2026

Palestra Capital Management LLC bought a new stake in TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 562,582 shares of the technology company’s stock, valued at approximately $105,214,000. TTM Technologies accounts for approximately 3.6% of Palestra Capital Management LLC’s investment portfolio, making the stock its 15th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Harbor Investment Advisory LLC purchased a new stake in shares of TTM Technologies in the 2nd quarter valued at $29,000. GoalVest Advisory LLC boosted its holdings in TTM Technologies by 456.7% during the 2nd quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock valued at $31,000 after acquiring an additional 137 shares during the period. Manning & Napier Advisors LLC acquired a new position in TTM Technologies in the 2nd quarter valued at about $47,000. Persistent Asset Partners Ltd purchased a new stake in TTM Technologies during the second quarter worth about $49,000. Finally, Parallel Advisors LLC increased its stake in TTM Technologies by 36.2% during the first quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock worth $32,000 after purchasing an additional 87 shares during the period. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

TTM Technologies News Roundup

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

Positive Sentiment: AI data-center demand is strengthening the commercial business. TTM’s AI-driven data-center surge is improving Commercial segment sales, margins and backlog, while next-generation N+M printed-circuit-board revenue is expected to ramp in the second half of 2026. Can TTMI’s AI Data-Center Boom Reshape Its Commercial Business?
Positive Sentiment: Management highlighted record growth on its earnings call. The update reinforces the view that demand from computing, communications and defense customers is translating into stronger bookings and future revenue visibility. TTM Technologies’ Earnings Call Highlights Record Growth
Positive Sentiment: CEO Edwin Roks purchased 10,000 shares for approximately $1.12 million. The open-market purchase increased his direct stake by about 18%, a signal of management confidence in TTM’s outlook. TTM Technologies CEO Edwin Roks Buys 10,000 Shares
Positive Sentiment: Recent earnings support the bullish narrative. TTM previously exceeded EPS and revenue expectations, with revenue up 37.4% year over year, while analysts maintain a consensus “Buy” rating and targets above the current trading level.
Neutral Sentiment: Short-interest data offers little explanatory value. Reported short interest was zero, suggesting the move is not being driven by a conventional short squeeze, although the figure may reflect a reporting-data issue.
Negative Sentiment: The CFO sold nearly 5,900 shares worth about $660,500. The sale represented roughly 8% of the CFO’s prior stake and may temper the positive insider-buying signal. Investors are also watching the cost and execution risks associated with the company’s planned acquisition. TTM Technologies CFO Sells Nearly 6,000 Shares

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, EVP Douglas L. Soder sold 2,874 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total value of $600,493.56. Following the transaction, the executive vice president directly owned 210,634 shares in the company, valued at $44,009,867.96. This represents a 1.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Dale Martin Knecht sold 26,198 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $142.00, for a total transaction of $3,720,116.00. Following the sale, the senior vice president directly owned 40,138 shares in the company, valued at approximately $5,699,596. The trade was a 39.49% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 108,241 shares of company stock worth $20,911,975. 1.30% of the stock is currently owned by corporate insiders.

TTM Technologies Stock Performance

Shares of TTMI stock opened at $121.70 on Thursday. The company has a current ratio of 1.78, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50. The firm has a fifty day moving average price of $146.32 and a 200 day moving average price of $136.52. The company has a market cap of $12.82 billion, a P/E ratio of 54.82 and a beta of 2.14. TTM Technologies, Inc. has a 12 month low of $42.69 and a 12 month high of $223.83.

TTM Technologies (NASDAQ:TTMI – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.10. The company had revenue of $1 billion for 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 quarterly revenue was up 37.4% on a year-over-year basis. During the same period last year, the firm earned $0.58 earnings per share. Sell-side analysts predict that TTM Technologies, Inc. will post 4.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Truist Financial raised their price objective on shares of TTM Technologies from $215.00 to $224.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Stifel Nicolaus increased 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. B. Riley Financial raised their price target on shares of TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Wall Street Zen upgraded shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 22nd. Finally, Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, TTM Technologies presently has an average rating of “Buy” and an average target price of $214.25.

Check Out Our Latest Report on TTMI

About TTM Technologies

(Free Report)

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.