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

Westfield Capital Management Co. LP bought a new stake in TTM Technologies, Inc. (NASDAQ:TTMI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 994,282 shares of the technology company’s stock, valued at approximately $57,271,000. Westfield Capital Management Co. LP owned 0.96% of TTM Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity

In related news, EVP Catherine A. Gridley sold 20,000 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $105.94, for a total transaction of $2,118,800.00. Following the sale, the executive vice president owned 78,645 shares in the company, valued at $8,331,651.30. This represents a 20.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas T. Edman sold 16,800 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $96.12, for a total value of $1,614,816.00. Following the sale, the director directly owned 783,406 shares of the company’s stock, valued at $75,300,984.72. This represents a 2.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 90,350 shares of company stock worth $8,327,906 in the last three months. Corporate insiders own 1.30% of the company’s stock.

TTM Technologies Price Performance

Shares of TTMI opened at $107.56 on Friday. The business has a 50-day moving average of $89.05 and a 200-day moving average of $68.72. TTM Technologies, Inc. has a 1 year low of $15.77 and a 1 year high of $113.46. The company has a market capitalization 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 current ratio of 1.93 and a quick ratio of 1.67.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, February 4th. The technology company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The business had revenue of $763.53 million during the quarter, compared to the consensus estimate of $752.96 million. TTM Technologies had a net margin of 6.11% and a return on equity of 13.30%. The company’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 firm posted $0.60 EPS. TTM Technologies has set its Q1 2026 guidance at 0.640-0.700 EPS. As a group, equities research analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on TTMI shares. B. Riley Financial boosted their price target on TTM Technologies from $81.00 to $123.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Truist Financial set a $113.00 price target on shares of TTM Technologies in a research report on Wednesday, January 14th. Stifel Nicolaus set a $108.00 price objective on shares of TTM Technologies in a research report on Thursday, February 5th. Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Finally, Needham & Company LLC lifted their price target on TTM Technologies from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat, TTM Technologies currently has an average rating of “Buy” and an average price target of $117.25.

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.