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) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 31,811 shares of the technology company’s stock, valued at approximately $618,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Louisiana State Employees Retirement System increased its position in shares of TTM Technologies by 1.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 51,200 shares of the technology company’s stock valued at $995,000 after acquiring an additional 600 shares during the period. SummerHaven Investment Management LLC grew its stake in TTM Technologies by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 53,788 shares of the technology company’s stock valued at $1,045,000 after purchasing an additional 821 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of TTM Technologies by 5.9% in the first quarter. ProShare Advisors LLC now owns 20,565 shares of the technology company’s stock valued at $322,000 after purchasing an additional 1,150 shares during the period. CWM LLC raised its stake in shares of TTM Technologies by 202.6% in the second quarter. CWM LLC now owns 1,858 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,244 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of TTM Technologies by 2.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 61,101 shares of the technology company’s stock worth $956,000 after purchasing an additional 1,358 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Needham & Company LLC increased their price target on shares of TTM Technologies from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. B. Riley increased their price objective on shares of TTM Technologies from $25.50 to $27.25 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Stifel Nicolaus boosted their target price on shares of TTM Technologies from $19.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Truist Financial reaffirmed a “buy” rating and set a $24.00 price target (up from $22.00) on shares of TTM Technologies in a research report on Thursday, August 1st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, TTM Technologies presently has an average rating of “Buy” and an average price target of $24.31.

Insider Activity at TTM Technologies

In related news, EVP Douglas L. Soder sold 9,714 shares of TTM Technologies stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $20.00, for a total transaction of $194,280.00. Following the completion of the transaction, the executive vice president now directly owns 204,493 shares in the company, valued at $4,089,860. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Catherine A. Gridley sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $17.49, for a total value of $174,900.00. Following the completion of the sale, the executive vice president now directly owns 120,296 shares in the company, valued at $2,103,977.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Douglas L. Soder sold 9,714 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $20.00, for a total value of $194,280.00. Following the completion of the sale, the executive vice president now owns 204,493 shares of the company’s stock, valued at $4,089,860. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,714 shares of company stock worth $1,348,180. 1.30% of the stock is owned by corporate insiders.

TTM Technologies Stock Up 2.7 %

Shares of TTMI stock opened at $18.71 on Friday. The stock has a 50 day moving average of $19.02 and a 200 day moving average of $17.86. The company has a current ratio of 2.04, a quick ratio of 1.74 and a debt-to-equity ratio of 0.60. The stock has a market cap of $1.91 billion, a P/E ratio of -935.03 and a beta of 1.26. TTM Technologies, Inc. has a twelve month low of $11.14 and a twelve month high of $22.70.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05. The company had revenue of $605.10 million during the quarter, compared to analysts’ expectations of $582.70 million. TTM Technologies had a return on equity of 9.01% and a net margin of 0.74%. TTM Technologies’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the business earned $0.28 earnings per share. As a group, sell-side analysts expect that TTM Technologies, Inc. will post 1.31 EPS for the current 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.