Caxton Associates LP Makes New Investment in TTM Technologies, Inc. (NASDAQ:TTMI)

Caxton Associates LP purchased a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 53,366 shares of the technology company's stock, valued at approximately $1,321,000. Caxton Associates LP owned about 0.05% of TTM Technologies at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. USA Financial Formulas purchased a new stake in shares of TTM Technologies during the 4th quarter valued at $25,000. Smartleaf Asset Management LLC raised its position in TTM Technologies by 670.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company's stock worth $35,000 after acquiring an additional 1,220 shares during the period. GAMMA Investing LLC boosted its stake in TTM Technologies by 27.7% in the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company's stock valued at $51,000 after acquiring an additional 443 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of TTM Technologies by 808.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company's stock valued at $79,000 after acquiring an additional 2,831 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of TTM Technologies during the 4th quarter worth approximately $83,000. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies Stock Down 0.5 %

Shares of NASDAQ TTMI opened at $24.91 on Tuesday. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. The company has a market cap of $2.53 billion, a P/E ratio of 46.13 and a beta of 1.20. TTM Technologies, Inc. has a 52 week low of $15.77 and a 52 week high of $30.41. The business has a 50-day simple moving average of $20.95 and a two-hundred day simple moving average of $23.20.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The technology company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.11. The company had revenue of $648.67 million during the quarter, compared to analyst estimates of $621.44 million. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. TTM Technologies's revenue was up 13.8% compared to the same quarter last year. During the same period last year, the business earned $0.28 earnings per share. Research analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Daniel J. Weber sold 15,000 shares of TTM Technologies stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.34, for a total transaction of $395,100.00. Following the completion of the sale, the executive vice president now owns 95,153 shares of the company's stock, valued at approximately $2,506,330.02. This trade represents a 13.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Dale Martin Knecht sold 3,848 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.01, for a total value of $100,086.48. Following the completion of the transaction, the senior vice president now owns 86,346 shares in the company, valued at $2,245,859.46. This represents a 4.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,628 shares of company stock worth $1,311,482 in the last three months. Corporate insiders own 1.30% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on TTMI shares. B. Riley increased their price objective on TTM Technologies from $35.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Needham & Company LLC lifted their price objective on TTM Technologies from $33.00 to $35.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Truist Financial dropped their price objective on shares of TTM Technologies from $38.00 to $36.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Stifel Nicolaus initiated coverage on shares of TTM Technologies in a research note on Tuesday, February 11th. They issued a "buy" rating and a $33.00 target price for the company.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.

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