TTM Technologies

TTMI

Market cap $7.25B

For 3Q25, the Macquarie Small Cap Value Fund Institutional class shares lagged the stronger return of its benchmark, the Russell 2000 Value Index. Stock selection and an underweight allocation detracted in the healthcare sector. Stock selection in technology detracted as the Fund's positions in the semiconductors and semiconductor equipment industries underperformed.

If there's widespread adoption of Google's TPU ecosystem, there are plenty of stocks that may flourish as a consequence.

San Francisco-based Think Investments added 793,100 shares of TTMI valued at $45.7 million in the third quarter. The stake represents 6% of 13F reportable assets under management at quarter-end, making it the fund's fifth-largest holding.

SANTA ANA, Calif., Nov. 26, 2025 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI), today announced that members of its management team will attend the following investor conferences: Dan Boehle, Chief Financial Officer, will participate in the BofA Securities Leveraged Finance Conference on December 2nd at the Boca Raton Hotel in Boca Raton, FL, with a presentation at 8:50am Eastern Time, and Edwin Roks, President and Chief Executive Officer, and Dan Boehle will participate in the UBS Global Technology and AI Conference on December 3rd and 4th at The Phoenician in Scottsdale, AZ.

The consensus price target hints at a 30% upside potential for TTM (TTMI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

TTM (TTMI) possesses solid growth attributes, which could help it handily outperform the market.

TTM Technologies (TTMI) remains a buy as strong defense-driven PCB demand and operational execution drive a 30% stock price gain since last coverage. TTMI's 90-day backlog rose 14% to $0.61B, with 91% of revenues from US defense, benefiting from a projected $1T FY2026 defense budget. Q3'25 revenue grew 22% YoY to $752.74M and net profit surged 271%, outpacing peers and supporting a revised fair value target of $107.73 (61% upside).

TTM Technologies is a leading global electronics manufacturer specializing in PCBs and RF components, benefiting from strong AI-driven demand. TTMI stock has surged over 200% in the past year, outpacing the market, yet still trades at a modest premium to peers. Despite its premium valuation, TTMI's double-digit growth and industry tailwinds suggest further upside, with future revenue growth not fully priced in.

TTM Technologies is the largest U.S. PCB manufacturer and a key supplier to the defense sector, with strong AI-related revenue growth. TTMI's Q3 2025 showed 22% sales and 40.9% EBIT growth YoY, with management guiding for further strong results and a shift toward AI and data center markets. The "defense + AI" vertical now accounts for approximately 80% of TTMI's sales, indicating a successful pivot into high-growth, high-demand markets.

TTM (TTMI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.