Shares of PCB manufacturing company TTM Technologies (NASDAQ:TTMI) jumped 3% in the afternoon session after the company announced the release of a new radiation-hardened switching regulator and received a price target increase from Truist Financial. TTM Technologies, a manufacturer of printed circuit boards and radio frequency components, today announced the launch of its MSK5065RH module.
This new product is a high-efficiency, radiation-hardened switching regulator designed for the demanding environments of space and defense applications. The release is part of TTM’s expansion into space-grade products.
After the initial pop the shares cooled down to $43.09, up 2.9% from previous close.
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TTM Technologies’s shares are very volatile and have had 20 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
TTM Technologies is up 75.3% since the beginning of the year, and at $43.09 per share, it is trading close to its 52-week high of $44.02 from July 2025. Investors who bought $1,000 worth of TTM Technologies’s shares 5 years ago would now be looking at an investment worth $3,715.
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