TTM Technologies, Inc. $TTMI Shares Sold by Caxton Associates LLP

Caxton Associates LLP cut its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 66.1% in the second quarter, Holdings Channel reports. The fund owned 23,279 shares of the technology company’s stock after selling 45,311 shares during the period. Caxton Associates LLP’s holdings in TTM Technologies were worth $950,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TTMI. Invesco Ltd. increased its position in TTM Technologies by 55.7% during the second quarter. Invesco Ltd. now owns 2,114,409 shares of the technology company’s stock worth $86,310,000 after purchasing an additional 756,702 shares during the last quarter. Neumeier Poma Investment Counsel LLC acquired a new position in TTM Technologies in the second quarter valued at approximately $25,824,000. Cubist Systematic Strategies LLC grew its position in TTM Technologies by 1,070.1% in the first quarter. Cubist Systematic Strategies LLC now owns 470,679 shares of the technology company’s stock worth $9,654,000 after acquiring an additional 430,453 shares during the period. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in TTM Technologies in the second quarter valued at $16,914,000. Finally, Brant Point Investment Management LLC acquired a new position in shares of TTM Technologies in the 1st quarter valued at $4,541,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Insiders Place Their Bets

In other news, insider Robert P. Farrell sold 643 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $66.98, for a total value of $43,068.14. Following the transaction, the insider directly owned 19,406 shares in the company, valued at approximately $1,299,813.88. This trade represents a 3.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Steven Spoto sold 1,000 shares of TTM Technologies stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $66.95, for a total value of $66,950.00. Following the completion of the transaction, the vice president owned 27,649 shares of the company’s stock, valued at approximately $1,851,100.55. The trade was a 3.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 20,070 shares of company stock worth $1,348,445. Company insiders own 1.30% of the company’s stock.

TTM Technologies Stock Down 1.9%

Shares of NASDAQ:TTMI opened at $72.05 on Tuesday. The stock has a 50-day simple moving average of $64.86 and a 200-day simple moving average of $51.65. TTM Technologies, Inc. has a 1 year low of $15.77 and a 1 year high of $80.58. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.66 and a current ratio of 1.94. The stock has a market capitalization of $7.44 billion, a P/E ratio of 57.18 and a beta of 1.74.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. TTM Technologies had a return on equity of 13.21% and a net margin of 4.74%.The firm had revenue of $752.74 million for the quarter, compared to analyst estimates of $711.91 million. During the same period in the previous year, the company posted $0.41 EPS. TTM Technologies’s revenue for the quarter was up 22.1% on a year-over-year basis. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. Equities analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Wall Street Analyst Weigh In

TTMI has been the topic of several research analyst reports. Wall Street Zen lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. B. Riley increased their price objective on shares of TTM Technologies from $75.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Truist Financial upped their price target on TTM Technologies from $60.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings upgraded TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Finally, Needham & Company LLC lifted their target price on TTM Technologies from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $73.25.

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.