Point72 Hong Kong Ltd Purchases Shares of 839,096 TTM Technologies, Inc. (NASDAQ:TTMI)

Point72 Hong Kong Ltd bought a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 839,096 shares of the technology company's stock, valued at approximately $15,314,000. TTM Technologies makes up 1.0% of Point72 Hong Kong Ltd's investment portfolio, making the stock its 26th largest holding. Point72 Hong Kong Ltd owned about 0.82% of TTM Technologies at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Natixis Advisors LLC lifted its position in shares of TTM Technologies by 131.7% in the third quarter. Natixis Advisors LLC now owns 80,631 shares of the technology company's stock valued at $1,471,000 after acquiring an additional 45,835 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in TTM Technologies during the second quarter valued at $602,000. First Eagle Investment Management LLC lifted its position in TTM Technologies by 14.6% during the second quarter. First Eagle Investment Management LLC now owns 724,641 shares of the technology company's stock valued at $14,080,000 after purchasing an additional 92,300 shares during the last quarter. Hood River Capital Management LLC purchased a new position in shares of TTM Technologies in the 2nd quarter worth $8,806,000. Finally, Mutual of America Capital Management LLC raised its position in shares of TTM Technologies by 26.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 231,281 shares of the technology company's stock valued at $4,221,000 after buying an additional 48,346 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.

Insider Activity at TTM Technologies

In other news, insider Jeff Jankowsky sold 5,000 shares of TTM Technologies stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $24.23, for a total transaction of $121,150.00. Following the sale, the insider now owns 55,273 shares in the company, valued at approximately $1,339,264.79. The trade was a 8.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Shawn A. Powers sold 6,400 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $23.74, for a total value of $151,936.00. Following the sale, the executive vice president now directly owns 95,341 shares of the company's stock, valued at approximately $2,263,395.34. This represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,044 shares of company stock worth $413,803. Corporate insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC raised their price target on TTM Technologies from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st.

TTM Technologies Trading Up 1.0 %

TTM Technologies stock traded up $0.24 during trading hours on Friday, hitting $24.38. The company had a trading volume of 212,547 shares, compared to its average volume of 642,912. The firm has a market cap of $2.49 billion, a P/E ratio of 36.94 and a beta of 1.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.00. The company has a 50-day moving average price of $21.14 and a two-hundred day moving average price of $19.86. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $25.49.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.