Castle Hook Partners LP Invests $133.35 Million in TTM Technologies, Inc. $TTMI

Castle Hook Partners LP bought a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the fourth quarter, Holdings Channel reports. The firm bought 1,932,618 shares of the technology company’s stock, valued at approximately $133,351,000. TTM Technologies accounts for 0.6% of Castle Hook Partners LP’s investment portfolio, making the stock its 24th biggest holding.

A number of other hedge funds also recently made changes to their positions in TTMI. Optiver Holding B.V. raised its stake 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 purchasing an additional 170 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of TTM Technologies during the 4th quarter worth $30,000. Truvestments Capital LLC bought a new stake in shares of TTM Technologies during the 4th quarter worth $30,000. Rakuten Securities Inc. bought a new stake in shares of TTM Technologies during the 4th quarter worth $32,000. Finally, Wolff Wiese Magana LLC bought a new stake in shares of TTM Technologies during the 4th quarter worth $34,000. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies Trading Up 1.6%

Shares of TTM Technologies stock opened at $202.70 on Thursday. TTM Technologies, Inc. has a 52-week low of $35.52 and a 52-week high of $209.37. The stock’s 50-day simple moving average is $158.94 and its 200 day simple moving average is $113.46. The stock has a market capitalization of $21.05 billion, a P/E ratio of 109.57 and a beta of 2.09. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.88.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business posted $0.50 EPS. The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. As a group, research analysts anticipate that TTM Technologies, Inc. will post 3.7 EPS for the current year.

Wall Street Analyst Weigh In

TTMI has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of TTM Technologies in a research note on Monday, May 18th. Truist Financial lifted their target price on TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Needham & Company LLC restated a “buy” rating and issued a $208.00 price objective on shares of TTM Technologies in a research note on Thursday, June 11th. Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Finally, B. Riley Financial boosted their price objective on TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to MarketBeat.com, TTM Technologies currently has a consensus rating of “Buy” and a consensus price target of $209.00.

Insiders Place Their Bets

In other TTM Technologies news, Director Thomas T. Edman sold 16,800 shares of TTM Technologies stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $100.23, for a total transaction of $1,683,864.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by insiders.

TTM Technologies Profile

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.