Is TTM Technologies, Inc. (TTMI) A Good Stock To Buy?

As aggregate interest increased, key hedge funds were leading the bulls’ herd. Laurion Capital Management, led by Benjamin A. Smith, assembled the biggest position in TTM Technologies, Inc. (NASDAQ:TTMI). Laurion Capital Management had $3 million invested in the company at the end of the quarter. David Costen Haley’s HBK Investments also made a $2 million investment in the stock during the quarter. The other funds with brand new TTMI positions are Neil Chriss’ Hutchin Hill Capital, Mike Vranos’ Ellington, and Glenn Russell Dubin’s Highbridge Capital Management.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as TTM Technologies, Inc. (NASDAQ:TTMI) but similarly valued. We will take a look at Gentherm Inc (NASDAQ:THRM), Tree.com Inc (NASDAQ:TREE), Calavo Growers, Inc. (NASDAQ:CVGW), and Astronics Corporation (NASDAQ:ATRO). This group of stocks’ market caps match TTMI’s market cap.

As you can see these stocks had an average of 14 funds with bullish positions and the average amount invested in these stocks was $53 million, which is lower than the $86 million figure in TTMI’s case. Tree.com Inc (NASDAQ:TREE) is the most popular stock in this table. On the other hand Astronics Corporation (NASDAQ:ATRO) is the least popular one with only nine investors holding long positions. Compared to these stocks TTM Technologies, Inc. (NASDAQ:TTMI) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none