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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP boosted its holdings in shares of TTM Technologies by 249.9% in the first quarter. Quarry LP now owns 2,110 shares of the technology company's stock valued at $43,000 after acquiring an additional 1,507 shares in the last quarter. USA Financial Formulas lifted its stake in shares of TTM Technologies by 119.1% in the first quarter. USA Financial Formulas now owns 2,237 shares of the technology company's stock valued at $46,000 after purchasing an additional 1,216 shares during the period. CWM LLC lifted its stake in shares of TTM Technologies by 14.4% in the first quarter. CWM LLC now owns 4,501 shares of the technology company's stock valued at $92,000 after purchasing an additional 567 shares during the period. State of Wyoming lifted its stake in shares of TTM Technologies by 103.3% in the fourth quarter. State of Wyoming now owns 5,708 shares of the technology company's stock valued at $141,000 after purchasing an additional 2,900 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of TTM Technologies by 227.0% in the first quarter. PNC Financial Services Group Inc. now owns 7,295 shares of the technology company's stock valued at $150,000 after purchasing an additional 5,064 shares during the period. Hedge funds and other institutional investors own 95.79% of the company's stock.

TTM Technologies Price Performance

TTMI traded up $1.77 during midday trading on Monday, reaching $48.54. 558,980 shares of the company's stock were exchanged, compared to its average volume of 1,343,788. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 1.72. The stock has a market capitalization of $5.01 billion, a PE ratio of 53.99 and a beta of 1.57. The business's 50-day moving average price is $44.97 and its 200 day moving average price is $33.19. TTM Technologies, Inc. has a 1-year low of $15.77 and a 1-year high of $51.15.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TTMI. Truist Financial raised their price objective on shares of TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Wall Street Zen upgraded shares of TTM Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday. B. Riley raised their price objective on shares of TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Stifel Nicolaus raised their price objective on shares of TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Needham & Company LLC reiterated a "buy" rating and issued 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 currently has an average rating of "Buy" and an average price target of $52.25.

Insider Activity at TTM Technologies

In other news, Director Wajid Ali acquired 5,000 shares of the business's stock in a transaction dated Monday, August 18th. The stock was acquired at an average price of $41.75 per share, with a total value of $208,750.00. Following the completion of the transaction, the director directly owned 19,024 shares in the company, valued at approximately $794,252. This represents a 35.65% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Philip Titterton sold 23,486 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $36.39, for a total transaction of $854,655.54. Following the completion of the transaction, the chief operating officer directly owned 123,338 shares of the company's stock, valued at approximately $4,488,269.82. This represents a 16.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,759 shares of company stock valued at $4,136,826 in the last quarter. 1.30% of the stock is owned by corporate insiders.

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.