Westfield Capital Management Co. LP Takes $57.27 Million Position in TTM Technologies, Inc. $TTMI

Westfield Capital Management Co. LP bought a new stake in TTM Technologies, Inc. (NASDAQ:TTMI) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 994,282 shares of the technology company’s stock, valued at approximately $57,271,000.

A number of other institutional investors have also added to or reduced their stakes in TTMI. Optiver Holding B.V. boosted its holdings in TTM Technologies by 66.4% in the third quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock worth $25,000 after acquiring an additional 170 shares in the last quarter. Bessemer Group Inc. raised its position in shares of TTM Technologies by 448.8% during the third quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock worth $27,000 after purchasing an additional 377 shares during the period. Salomon & Ludwin LLC bought a new position in shares of TTM Technologies in the 3rd quarter worth $39,000. EverSource Wealth Advisors LLC lifted its holdings in shares of TTM Technologies by 52.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,244 shares of the technology company’s stock worth $51,000 after purchasing an additional 430 shares in the last quarter. Finally, Federated Hermes Inc. acquired a new stake in TTM Technologies in the 3rd quarter valued at $60,000. 95.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TTM Technologies

In other news, Director Thomas T. Edman sold 12,750 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $94.92, for a total value of $1,210,230.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Anthony Joseph Sandeen sold 2,000 shares of TTM Technologies stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $67.30, for a total value of $134,600.00. Following the transaction, the insider owned 41,442 shares of the company’s stock, valued at $2,789,046.60. The trade was a 4.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 90,350 shares of company stock worth $8,327,906. 1.30% of the stock is owned by company insiders.

TTM Technologies Stock Performance

TTMI stock opened at $107.56 on Friday. TTM Technologies, Inc. has a one year low of $15.77 and a one year high of $113.46. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 63.64 and a beta of 1.75. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.67 and a current ratio of 1.93. The firm has a 50-day simple moving average of $89.05 and a two-hundred day simple moving average of $68.72.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, February 4th. The technology company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The company had revenue of $763.53 million during the quarter, compared to analysts’ expectations of $752.96 million. TTM Technologies had a net margin of 6.11% and a return on equity of 13.30%. TTM Technologies’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. On average, equities analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TTMI shares. Needham & Company LLC upped their price objective on shares of TTM Technologies from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Weiss Ratings upgraded shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Truist Financial set a $113.00 price target on TTM Technologies in a research note on Wednesday, January 14th. Finally, B. Riley Financial boosted their price objective on TTM Technologies from $81.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $117.25.

TTM Technologies Company 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.