Key TakeawaysChina imposes strict export bans on 20 Japanese entities, including major industrial players, to curb what Beijing describes as Japan's "remilitarization."The White House is pressuring technology companies to pledge that massive AI data center expansions will not drive up electricity prices for American consumers.TD Cowen doubled its price target for Ultra Clean Holdings (UCTT) to $70, signaling high confidence in a 2026 semiconductor "super-cycle."Panama has seized two strategic ports previous ...

23/02/202 LACROIX: Growth in the German Energy Transition Strengthens the Smart Grids Business Unit The German market is driven by the energy transition and a robust regulatory framework The energy transition, driven by the rise of renewable energies and the proliferation of decentralized generation (photovoltaic systems, heat pumps, charging stations) is turning households into active players in the grid, and increasing the operational complexity of medium and low voltage networks. While France moved early ...

Corporate Revolution in Japan - Japanese corporations are undergoing significant structural and financial changes to enhance productivity and investment opportunities [1][2] - The concept of requiring companies to develop plans to exceed one times book value has been effective in driving management reforms [2] Changes in Corporate Governance - There is an observable shift towards more diverse boards and proactive decision-making among CEOs in Japan [3] - Companies are increasingly scrutinizing their listing status on the Tokyo Stock Exchange, with a notable rise in delistings from 50 to 125 last year, and 16 already announced for this year [5][6] Business Reorganization and Spin-offs - Japanese companies are beginning to spin off operations, with 280 spin-offs last year compared to none previously, indicating a serious commitment to reorganizing business portfolios [7][8] - Panasonic Holdings sold a majority interest in its automotive division to Apollo Global Management, resulting in a 70% increase in share value since the deal [9] Focus on Core Competencies - Companies like Panasonic are recognizing that they may not be the best owners of certain operations, leading to strategic partnerships that allow for a more focused approach [11][14] - The automotive sector is shifting from traditional driving performance to a broader mobility experience, reflecting changing consumer preferences [10][9] Transformation in Entertainment Sector - Sony is transitioning from manufacturing electronics to producing entertainment, with entertainment revenue growing from 30% to 60% of total revenue by 2024 [20][21] - The gaming sector is a significant focus for Sony, with major titles contributing to its revenue growth [22][23] Investment Strategies and Partnerships - Companies are seeking patient capital to support transformations, as seen in Sony's collaboration with Apollo for music catalog investments [27][29] - The partnership with Apollo is aimed at diversifying business and acquiring assets that align with long-term growth strategies [26][27]

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]

SAN DIEGO, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Ostin Technology Group Co., Ltd. (NASDAQ: OST) ordinary shares between May 11, 2025 and June 26, 2025. OST purports to be a manufacturer of thin-film transistor liquid crystal display ("TFT-LCD") modules and polarizers used in consumer electronics, commercial LCD displays, and automotive displays. For more information, submit a form, email ...

LOS ANGELES, Feb. 20, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Ostin Technology Group Co., Ltd., (“Ostin” or the "Company") (NASDAQ: OST) investors off a class action on behalf of investors that bought securities between May 11, 2025 and June 26, 2025, inclusive (the “Class Period”). Ostin investors have until April 217, 2026 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their le ...

Core Viewpoint - A class action lawsuit has been filed against Ostin Technology Group Co., Ltd. (NASDAQ: OST) for allegedly engaging in a pump-and-dump scheme that defrauded investors, resulting in significant financial losses [1]. Allegations - The lawsuit alleges that from April 2025, OST's co-CEO Lai Kui Sen and co-conspirators orchestrated a fraudulent sequence of securities offerings, placing the majority of OST shares in the hands of at least fifteen co-conspirators for minimal or no cost [1]. - The U.S. Department of Justice unsealed a criminal indictment on September 12, 2025, charging Lai Kui Sen and financial advisor Yan Zhao with conspiracy to commit securities fraud and wire fraud, with the scheme netting over $110 million in illicit proceeds [1]. - The fraudulent promotional campaign inflated OST's market capitalization from approximately $22 million (stock price of $0.78 on April 14, 2025) to over $1 billion (peak stock price of $9.40 on June 26, 2025) [1]. Financial Impact - On June 26, 2025, OST investors faced devastating losses, with over $950 million (more than 94%) of OST's market capitalization wiped out in a single day as the stock price plummeted from an intraday high of $9.40 to a closing price of $0.55 [1].

Economic Overview - US headline inflation cooled to 2.4% in January, down from 2.7% in December and below the expected 2.5%, increasing expectations for a Federal Reserve rate cut by June [2][8] - Global trading remains thin due to US markets being closed for Presidents' Day and major Asian markets, including China and South Korea, closed for the Lunar New Year holidays [8] Technology Sector - The technology sector is facing significant challenges as fears of "AI cannibalization" lead to a rotation out of major tech stocks like Nvidia (NVDA) and Apple (AAPL), with software and services indices dropping 20% over the last month [3][8] - Nvidia and Apple both saw declines of more than 2.2% on Friday, contributing to a 0.2% drop in the Nasdaq Composite [3] Commodities Market - Gold prices are holding firm near record levels, trading at $5,030.30 per ounce, supported by falling Treasury yields and significant inflows into gold ETFs totaling $19 billion in January [4][8] - Precious metals are a focus for diversification, with gold testing the $5,140 resistance level after recovering from a brief "flash crash" [4] Corporate Activity - A developing situation in the logistics sector involves Aberdeen opposing a $9.25 billion takeover of InPost (INPST) by a FedEx-led consortium, labeling the bid as an "opportunistic attempt" [5] - Traders are anticipating a busy earnings week with reports expected from Walmart (WMT), Warner Bros. Discovery (WBD), and Palo Alto Networks (PANW) [5]

Core Viewpoint - Espey Mfg. & Electronics Corp. has experienced a significant decline in stock price despite reporting increased net income, indicating potential market concerns despite improved profitability metrics. Financial Performance - For Q2 of fiscal 2026, Espey reported net income of $0.99 per share, an increase from $0.71 per share in the same quarter last year [1] - Net sales decreased by 10.8% to $12.1 million from $13.6 million a year earlier, yet net income rose by 47% to $2.8 million compared to $1.9 million in the prior-year quarter [2] - Gross profit increased to $4.2 million from $3.2 million, raising gross margin to 34.7% from 23.2%, attributed to product mix, labor efficiencies, and process improvements [3] Expenses and Income - Selling, general and administrative (SG&A) expenses remained flat at $1.1 million, with increases in ESOP contributions and salaries offset by lower stock option expenses [4] - Other income rose to $0.4 million from $0.3 million, reflecting higher interest earned on cash and investment balances [4] Backlog and Orders - Total backlog increased to $134.7 million as of Dec. 31, 2025, from $120.1 million a year earlier, with $88.8 million tied to three significant customers [5] - New orders in the first half of fiscal 2026 totaled approximately $16.3 million, a decrease from $46.9 million in the prior-year period, with expectations for lower new orders compared to fiscal 2025 [6] Management Outlook - Management anticipates higher revenues in fiscal 2026 compared to fiscal 2025, driven by existing backlog, despite lighter first-half sales [7] - Full-year net income is expected to approximate fiscal 2025 levels [7] Risks and Challenges - The company cited ongoing inflationary pressures, tariffs, and potential supply chain or labor constraints as risks, but does not expect a material impact on fiscal 2026 operating income based on current conditions [8] Liquidity and Capital Position - Working capital was approximately $48.9 million at Dec. 31, 2025, up from $40.2 million a year earlier, with cash and cash equivalents totaling $17.8 million [9] - Operating cash flow for the six months was $2.9 million, down from $6.8 million in the prior-year period, primarily due to inventory builds and working capital changes [9] Other Developments - During the six months ended Dec. 31, 2025, Espey received $2 million in milestone reimbursements under a $3.4 million U.S. Navy funding award for facility and capital equipment upgrades, with completion expected by the end of fiscal 2026 [11]

Company Overview - TTM Technologies is a leading global supplier of advanced printed circuit boards (PCBs) and RF components, focusing on high-complexity and mission-critical applications [6] - The company leverages scale, engineering expertise, and a diversified product mix to meet demanding customer requirements in technology-driven industries [6] - TTM Technologies serves various sectors, including aerospace and defense, data center computing, automotive, medical, industrial, and instrumentation [8] Financial Performance - As of February 12, 2026, TTM Technologies had a market capitalization of $9.56 billion and revenue of $2.91 billion for the trailing twelve months (TTM) [4] - The company reported a net income of $177.45 million for the TTM [4] - In the fourth quarter, net sales increased by 19% year-over-year to $774.3 million, with non-GAAP EPS reaching a record $0.70 [7] - Full-year 2025 revenue was $2.9 billion, up 19%, while non-GAAP net income rose to $259.0 million, or $2.46 per diluted share [9] Recent Developments - On February 13, 2026, Neo Ivy Capital Management disclosed a new position in TTM Technologies, acquiring 100,879 shares valued at approximately $6.96 million [2] - TTM Technologies shares were priced at $92.33, reflecting a significant increase of 259.82% over the prior year, outperforming the S&P 500 by 246.92 percentage points [7] - The company's adjusted EBITDA margin expanded to 16.3% [9] Market Position and Strategy - TTM Technologies offers a comprehensive portfolio that includes high-density interconnect PCBs, flexible and rigid-flex PCBs, IC substrates, and advanced ceramic RF components [8] - The company generates revenue primarily through the manufacture and sale of advanced PCB and RF products, as well as system integration and custom assembly solutions [8] - Data Center Computing and Networking revenue accounted for 36% of total sales, driven by demand for generative AI [9]