Caxton Associates LLP Buys New Holdings in TTM Technologies, Inc. $TTMI

Key Points

• Caxton Associates LLP recently acquired 68,590 shares of TTM Technologies, representing a stake valued at approximately $1.4 million, as disclosed in their 13F filing with the SEC.
• TTM Technologies has seen significant upgrades from multiple analysts, with target prices raised to as high as $56.00, reflecting a generally positive consensus rating of "Buy."
• The company's stock price has risen 1.3%, with a current market cap of $4.92 billion and a reported EPS of $0.58 for the last quarter, exceeding analyst expectations.

Caxton Associates LLP bought a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 68,590 shares of the technology company's stock, valued at approximately $1,407,000. Caxton Associates LLP owned 0.07% of TTM Technologies as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Quarry LP increased its holdings in TTM Technologies by 249.9% in the 1st quarter. Quarry LP now owns 2,110 shares of the technology company's stock worth $43,000 after acquiring an additional 1,507 shares in the last quarter. USA Financial Formulas lifted its stake in TTM Technologies by 119.1% during the 1st quarter. USA Financial Formulas now owns 2,237 shares of the technology company's stock worth $46,000 after acquiring an additional 1,216 shares in the last quarter. CWM LLC increased its holdings in TTM Technologies by 14.4% during the 1st quarter. CWM LLC now owns 4,501 shares of the technology company's stock worth $92,000 after purchasing an additional 567 shares during the period. State of Wyoming increased its holdings in shares of TTM Technologies by 103.3% in the 4th quarter. State of Wyoming now owns 5,708 shares of the technology company's stock valued at $141,000 after acquiring an additional 2,900 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of TTM Technologies by 227.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,295 shares of the technology company's stock valued at $150,000 after acquiring an additional 5,064 shares during the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Steven Spoto sold 3,484 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $46.58, for a total value of $162,284.72. Following the sale, the insider directly owned 28,649 shares of the company's stock, valued at approximately $1,334,470.42. This trade represents a 10.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Wajid Ali bought 5,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average cost of $41.75 per share, for a total transaction of $208,750.00. Following the completion of the transaction, the director owned 19,024 shares of the company's stock, valued at $794,252. This represents a 35.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 100,759 shares of company stock valued at $4,136,826 in the last quarter. Insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

TTMI has been the subject of a number of recent research reports. Wall Street Zen raised TTM Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Stifel Nicolaus lifted their price objective on TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. B. Riley lifted their target price on TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Truist Financial lifted their target price on TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a report on Monday, July 7th. Finally, Needham & Company LLC restated a "buy" rating and set a $56.00 price objective on shares of TTM Technologies in a research note on Friday, August 15th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average target price of $52.25.

TTM Technologies Price Performance

Shares of NASDAQ:TTMI traded down $1.55 on Friday, reaching $46.77. 2,018,919 shares of the company traded hands, compared to its average volume of 1,931,371. TTM Technologies, Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $51.15. The company's 50 day moving average is $44.97 and its 200-day moving average is $33.07. The stock has a market capitalization of $4.83 billion, a PE ratio of 51.97 and a beta of 1.57. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 1.72.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.06. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%.The company had revenue of $730.62 million during the quarter, compared to analyst estimates of $668.42 million. During the same quarter in the prior year, the company earned $0.39 earnings per share. The company's revenue for the quarter was up 20.7% on a year-over-year basis. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. As a group, analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

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.