Point72 DIFC Ltd Takes Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Point72 DIFC Ltd acquired a new stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 25,737 shares of the technology company's stock, valued at approximately $470,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new position in TTM Technologies in the third quarter valued at approximately $18,600,000. Point72 Hong Kong Ltd purchased a new position in shares of TTM Technologies during the 3rd quarter valued at approximately $15,314,000. Emerald Advisers LLC acquired a new position in shares of TTM Technologies in the 3rd quarter valued at $13,693,000. American Century Companies Inc. boosted its holdings in TTM Technologies by 88.8% during the second quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company's stock worth $28,745,000 after buying an additional 695,844 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in TTM Technologies during the third quarter valued at $10,120,000. Institutional investors and hedge funds own 95.79% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, EVP Douglas L. Soder sold 5,985 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $25.00, for a total transaction of $149,625.00. Following the completion of the sale, the executive vice president now directly owns 179,493 shares in the company, valued at approximately $4,487,325. The trade was a 3.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Catherine A. Gridley sold 5,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $25.15, for a total value of $125,750.00. Following the completion of the transaction, the executive vice president now directly owns 115,296 shares of the company's stock, valued at approximately $2,899,694.40. This represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,044 shares of company stock worth $1,163,803 in the last 90 days. Insiders own 1.30% of the company's stock.

TTM Technologies Price Performance

Shares of NASDAQ:TTMI traded down $0.17 during midday trading on Friday, reaching $24.63. 373,599 shares of the company's stock traded hands, compared to its average volume of 524,679. The company has a fifty day simple moving average of $21.76 and a two-hundred day simple moving average of $20.07. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $25.49. The company has a market cap of $2.51 billion, a P/E ratio of 37.32 and a beta of 1.21. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.00.

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.