TTM Technologies Falls as Investors Weigh New AI Capacity Spending Plan

TTM Technologies (TTMI) is down 6.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be investor concern over a fresh wave of spending after TTM disclosed an additional $400 million AI-related capacity expansion. This could be because the market is weighing that new commitment against the company’s already large acquisition and financing activity, even though management framed the investment as a response to strong AI infrastructure demand.

Details:

TTM filed a current report this week describing plans to invest an additional $400 million to expand manufacturing capacity across four facilities in China and one facility in Penang, Malaysia for AI infrastructure demand.

The company said this new spending is incremental to its previously disclosed $1.2 billion investment commitment for 2025 through 2029, which may have raised questions about capital intensity and execution risk.

TTM also completed its acquisition of Epiq Solutions on September 30, 2026, in a transaction valued at about $1.1 billion in cash, adding another major strategic and financing commitment for investors to digest.

Management has scheduled its third-quarter 2026 earnings call for October 22, 2026, so some of the selling may reflect caution ahead of results and the possibility of more commentary on spending, leverage, and demand.

Sources:

TTM Technologies Investor Relations, SEC, Zacks

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$TTMI Insider Trading Activity

$TTMI insiders have traded $TTMI stock on the open market 243 times in the past 6 months. Of those trades, 2 have been purchases and 241 have been sales.

Here’s a breakdown of recent trading of $TTMI stock by insiders over the last 6 months:

DALE MARTIN KNECHT (SVP Information Technology) has made 0 purchases and 26 sales selling 34,966 shares for an estimated $5,557,868.
SHAWN A. POWERS (EVP, CHRO) has made 0 purchases and 25 sales selling 13,223 shares for an estimated $2,771,251.
THOMAS T EDMAN sold 16,800 shares for an estimated $2,638,608
CATHERINE A GRIDLEY (EVP, A&D Sector President) has made 0 purchases and 25 sales selling 12,022 shares for an estimated $2,519,544.
DOUGLAS L SODER (EVP, Commercial Sector Pres.) has made 0 purchases and 25 sales selling 11,776 shares for an estimated $2,468,083.
DANIEL J WEBER (EVP, CLO & Secretary) has made 0 purchases and 25 sales selling 11,448 shares for an estimated $2,399,238.
DANIEL L. BOEHLE (EVP and CFO) has made 0 purchases and 26 sales selling 10,559 shares for an estimated $2,211,597.
EDWIN ROKS (President and CEO) purchased 10,000 shares for an estimated $1,117,700
JAMES P WALSH (Chief Operating Officer) has made 0 purchases and 25 sales selling 5,029 shares for an estimated $1,053,248.
TOM CLAPPROOD (PresA&D Interconnect Solutions) has made 0 purchases and 25 sales selling 4,274 shares for an estimated $895,626.
ROBERT P. FARRELL (President C&C) has made 0 purchases and 25 sales selling 4,224 shares for an estimated $885,035.
REX D GEVEDEN purchased 5,000 shares for an estimated $524,500
ELIZABETH ROMO (Chief Accounting Officer) has made 0 purchases and 13 sales selling 720 shares for an estimated $150,422.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$TTMI Hedge Fund Activity

We have seen 377 institutional investors add shares of $TTMI stock to their portfolio, and 251 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

LONE PINE CAPITAL LLC added 2,738,075 shares (+inf%) to their portfolio in Q2 2026, for an estimated $512,074,786
BLACKROCK, INC. removed 2,658,468 shares (-19.5%) from their portfolio in Q2 2026, for an estimated $497,186,685
JANE STREET GROUP, LLC added 1,918,712 shares (+229.0%) to their portfolio in Q2 2026, for an estimated $358,837,518
JPMORGAN CHASE & CO added 1,863,572 shares (+inf%) to their portfolio in Q2 2026, for an estimated $348,525,235
DIMENSIONAL FUND ADVISORS LP removed 1,665,397 shares (-38.6%) from their portfolio in Q2 2026, for an estimated $311,462,546
CAPITAL WORLD INVESTORS added 1,369,236 shares (+215.6%) to their portfolio in Q2 2026, for an estimated $256,074,516
NORGES BANK added 1,273,139 shares (+inf%) to their portfolio in Q2 2026, for an estimated $238,102,455

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$TTMI Government Contracts

We have seen $28,916,259 of award payments to $TTMI over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

AWARD CLINS 0007 AND 0009 TO ALLOW WORK ON PASSIVE MODE S/ADS-B: $16,022,537
INTERROGATOR IDENTI: $548,296
REPAIR OF RECEIVER/TRANSMITTER: $269,942
TT&E FOR RADAR LRUS: $193,011

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$TTMI Analyst Ratings

Wall Street analysts have issued reports on $TTMI in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Truist Securities issued a "Buy" rating on 04/30/2026

To track analyst ratings and price targets for $TTMI, check out Quiver Quantitative's $TTMI forecast page.

$TTMI Price Targets

Multiple analysts have issued price targets for $TTMI recently. We have seen 4 analysts offer price targets for $TTMI in the last 6 months, with a median target of $211.5.

Here are some recent targets:

James Ricchiuti from Needham set a target price of $220.0 on 06/18/2026
Mike Crawford from B. Riley Securities set a target price of $208.0 on 05/28/2026
Ruben Roy from Stifel set a target price of $205.0 on 05/28/2026
William Stein from Truist Securities set a target price of $215.0 on 05/28/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.