Caxton Associates LP Acquires Shares of 31,811 TTM Technologies, Inc. (NASDAQ:TTMI)

Caxton Associates LP bought a new position in TTM Technologies, Inc. (NASDAQ:TTMI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 31,811 shares of the technology company’s stock, valued at approximately $618,000.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in TTM Technologies by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 13,610,120 shares of the technology company’s stock worth $212,998,000 after purchasing an additional 63,073 shares during the period. American Century Companies Inc. grew its stake in shares of TTM Technologies by 88.8% during the second quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company’s stock valued at $28,745,000 after buying an additional 695,844 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of TTM Technologies by 4.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 934,498 shares of the technology company’s stock worth $14,774,000 after buying an additional 40,111 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of TTM Technologies by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 863,309 shares of the technology company’s stock worth $16,774,000 after acquiring an additional 12,789 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in TTM Technologies by 14.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 724,641 shares of the technology company’s stock valued at $14,080,000 after acquiring an additional 92,300 shares during the period. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Douglas L. Soder sold 9,714 shares of TTM Technologies stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $20.00, for a total value of $194,280.00. Following the transaction, the executive vice president now directly owns 204,493 shares in the company, valued at approximately $4,089,860. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Douglas L. Soder sold 9,714 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $20.00, for a total transaction of $194,280.00. Following the sale, the executive vice president now owns 204,493 shares of the company’s stock, valued at $4,089,860. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Shawn A. Powers sold 7,000 shares of TTM Technologies stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $20.50, for a total value of $143,500.00. Following the completion of the transaction, the executive vice president now owns 101,741 shares in the company, valued at approximately $2,085,690.50. The disclosure for this sale can be found here. Insiders sold 72,714 shares of company stock valued at $1,348,180 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

TTM Technologies Price Performance

TTMI opened at $18.71 on Friday. 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 business’s fifty day simple moving average is $19.02 and its 200-day simple moving average is $17.86. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of -935.03 and a beta of 1.26. TTM Technologies, Inc. has a 12-month low of $11.14 and a 12-month high of $22.70.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, July 31st. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. TTM Technologies had a net margin of 0.74% and a return on equity of 9.01%. The business had revenue of $605.10 million for the quarter, compared to the consensus estimate of $582.70 million. During the same quarter last year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities research analysts anticipate that TTM Technologies, Inc. will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on TTMI shares. Truist Financial reiterated a “buy” rating and issued a $24.00 target price (up previously from $22.00) on shares of TTM Technologies in a research note on Thursday, August 1st. Stifel Nicolaus raised their price target on shares of TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. B. Riley boosted their price objective on shares of TTM Technologies from $25.50 to $27.25 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Needham & Company LLC upped their target price on shares of TTM Technologies from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $24.31.

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.