Caxton Associates LP Purchases Shares of 53,366 TTM Technologies, Inc. (NASDAQ:TTMI)

Caxton Associates LP acquired a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 53,366 shares of the technology company's stock, valued at approximately $1,321,000. Caxton Associates LP owned approximately 0.05% of TTM Technologies as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. BNP Paribas Financial Markets grew its holdings in shares of TTM Technologies by 45.4% during the fourth quarter. BNP Paribas Financial Markets now owns 88,969 shares of the technology company's stock valued at $2,202,000 after buying an additional 27,780 shares during the last quarter. Algert Global LLC increased its position in shares of TTM Technologies by 2.8% during the 4th quarter. Algert Global LLC now owns 333,259 shares of the technology company's stock valued at $8,248,000 after purchasing an additional 9,083 shares during the last quarter. AXA S.A. purchased a new position in shares of TTM Technologies in the fourth quarter worth about $321,000. Schonfeld Strategic Advisors LLC bought a new position in shares of TTM Technologies during the fourth quarter valued at about $1,025,000. Finally, Emerald Mutual Fund Advisers Trust lifted its position in shares of TTM Technologies by 5.0% in the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 582,525 shares of the technology company's stock worth $14,417,000 after purchasing an additional 27,980 shares during the period. Institutional investors own 95.79% of the company's stock.

Insider Activity at TTM Technologies

In other TTM Technologies news, COO Philip Titterton sold 24,792 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total transaction of $633,683.52. Following the completion of the sale, the chief operating officer now directly owns 157,528 shares in the company, valued at $4,026,415.68. This represents a 13.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Catherine A. Gridley sold 6,000 shares of TTM Technologies stock in a transaction on Friday, February 14th. The stock was sold at an average price of $26.25, for a total transaction of $157,500.00. Following the transaction, the executive vice president now owns 125,206 shares in the company, valued at approximately $3,286,657.50. This trade represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 50,600 shares of company stock worth $1,310,642. 1.30% of the stock is owned by company insiders.

TTM Technologies Stock Performance

TTMI stock traded up $0.74 on Friday, reaching $26.88. The company's stock had a trading volume of 794,833 shares, compared to its average volume of 762,936. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71. The company has a market capitalization of $2.73 billion, a P/E ratio of 49.78 and a beta of 1.20. The firm has a fifty day moving average of $21.16 and a two-hundred day moving average of $23.37. TTM Technologies, Inc. has a 52 week low of $15.77 and a 52 week high of $30.41.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.39 by $0.11. The company had revenue of $648.67 million during the quarter, compared to the consensus estimate of $621.44 million. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 earnings per share. As a group, analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

TTM Technologies announced that its Board of Directors has approved a share buyback plan on Friday, May 9th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 3.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

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

TTM Technologies Company Profile

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.