Castle Hook Partners LP Buys Shares of 1,932,618 TTM Technologies, Inc. $TTMI

Castle Hook Partners LP bought a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,932,618 shares of the technology company’s stock, valued at approximately $133,351,000. TTM Technologies accounts for about 0.6% of Castle Hook Partners LP’s investment portfolio, making the stock its 24th biggest holding. Castle Hook Partners LP owned approximately 1.87% of TTM Technologies at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Optiver Holding B.V. grew its position in shares of TTM Technologies by 66.4% during the 3rd quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock worth $25,000 after buying an additional 170 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of TTM Technologies during the 4th quarter worth approximately $30,000. Truvestments Capital LLC acquired a new stake in shares of TTM Technologies during the 4th quarter worth approximately $30,000. Rakuten Securities Inc. acquired a new stake in shares of TTM Technologies during the 4th quarter worth approximately $32,000. Finally, Wolff Wiese Magana LLC acquired a new stake in shares of TTM Technologies during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

TTM Technologies Price Performance

Shares of NASDAQ:TTMI opened at $202.70 on Thursday. 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 stock’s fifty day simple moving average is $158.94 and its two-hundred day simple moving average is $113.46. TTM Technologies, Inc. has a 1-year low of $35.52 and a 1-year high of $209.37. The stock has a market cap of $21.05 billion, a PE ratio of 109.57 and a beta of 2.09.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.09. TTM Technologies had a return on equity of 13.70% and a net margin of 6.29%.The business had revenue of $845.98 million for the quarter, compared to analysts’ expectations of $789.84 million. During the same period last year, the business earned $0.50 EPS. The business’s revenue was up 30.4% on a year-over-year basis. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. As a group, analysts forecast that TTM Technologies, Inc. will post 3.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other TTM Technologies news, Director Thomas T. Edman sold 16,800 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $100.23, for a total transaction of $1,683,864.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Stifel Nicolaus raised their price objective on shares of TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Wall Street Zen downgraded shares of TTM Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Needham & Company LLC reissued a “buy” rating and issued a $208.00 price target on shares of TTM Technologies in a research report on Thursday, June 11th. Finally, B. Riley Financial lifted their price target on shares of TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $209.00.

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.