Caxton Associates LLP Cuts Position in TTM Technologies, Inc. $TTMI

Caxton Associates LLP lowered its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 38.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,358 shares of the technology company’s stock after selling 15,473 shares during the quarter. Caxton Associates LLP’s holdings in TTM Technologies were worth $2,373,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Invesco Ltd. grew its stake in shares of TTM Technologies by 3.5% during the 4th quarter. Invesco Ltd. now owns 4,980,091 shares of the technology company’s stock worth $343,626,000 after purchasing an additional 166,188 shares during the period. Whale Rock Capital Management LLC lifted its stake in shares of TTM Technologies by 112.1% in the fourth quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company’s stock valued at $295,066,000 after purchasing an additional 2,260,035 shares during the period. Polar Capital Holdings Plc purchased a new stake in TTM Technologies during the third quarter worth about $176,376,000. Geode Capital Management LLC grew its position in TTM Technologies by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 2,667,956 shares of the technology company’s stock worth $184,119,000 after buying an additional 81,588 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in TTM Technologies by 22.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,237,627 shares of the technology company’s stock worth $154,396,000 after buying an additional 406,202 shares during the period. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

TTM Technologies Price Performance

NASDAQ:TTMI opened at $131.41 on Friday. The firm has a market cap of $13.65 billion, a price-to-earnings ratio of 71.03 and a beta of 2.10. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average is $173.34 and its two-hundred day moving average is $130.96. TTM Technologies, Inc. has a 12-month low of $39.20 and a 12-month high of $223.83.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $845.98 million during the quarter, compared to the consensus estimate of $789.84 million. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 earnings per share. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. Research analysts expect that TTM Technologies, Inc. will post 3.66 EPS for the current year.

Analysts Set New Price Targets

TTMI has been the subject of a number of research reports. Weiss Ratings downgraded shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Truist Financial raised their price objective on TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Stifel Nicolaus lifted their price objective on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Wall Street Zen downgraded TTM Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Needham & Company LLC upped their target price on TTM Technologies from $208.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $212.00.

Insider Buying and Selling

In other TTM Technologies news, EVP Douglas L. Soder sold 8,902 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $209.79, for a total value of $1,867,550.58. Following the completion of the transaction, the executive vice president directly owned 208,245 shares in the company, valued at approximately $43,687,718.55. The trade was a 4.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Catherine A. Gridley sold 8,966 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total value of $1,881,066.80. Following the sale, the executive vice president owned 69,679 shares in the company, valued at $14,618,654.20. This trade represents a 11.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 82,043 shares of company stock worth $17,191,859 in the last three months. 1.30% of the stock is currently owned by insiders.

About TTM Technologies

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.