Is TTM Technologies Stock a Buy After Metavasi Capital Initiated a Position Worth $11.8 Million?

Core Insights - TTM Technologies is a leading manufacturer of advanced circuit boards and RF components, serving various sectors including aerospace and automotive [1][6] Investment Activity - Metavasi Capital LP disclosed a new stake in TTM Technologies, acquiring 171,202 shares valued at approximately $11.81 million during Q4 2025 [2] - This new position represents 4.81% of Metavasi's $245.42 million U.S. equity assets as of December 31, 2025 [3] Stock Performance - As of February 17, 2026, TTM Technologies shares were priced at $90.91, reflecting a 249.1% increase over the past year, significantly outperforming the S&P 500 by 231.79 percentage points [3] - The company's market capitalization stands at $9.62 billion, with a TTM revenue of $2.91 billion and a net income of $177.45 million [4] Company Overview - TTM Technologies employs over 16,000 people and specializes in manufacturing a wide range of printed circuit boards and RF components, catering to OEMs and EMS companies [6][8] - The company generates revenue from PCB and RF component sales, along with value-added services such as RF design and PCB layout [8] Recent Financial Performance - In Q4 2025, TTM Technologies reported a 19% year-over-year increase in sales, reaching $774.3 million, with net income rising to $50.7 million from $5.2 million in 2024 [10] - The strong demand from data centers for products used in artificial intelligence systems has contributed to this performance [10]