Point72 DIFC Ltd Buys Shares of 25,737 TTM Technologies, Inc. (NASDAQ:TTMI)

Point72 DIFC Ltd acquired a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 25,737 shares of the technology company’s stock, valued at approximately $470,000.

A number of other institutional investors have also modified their holdings of the company. Natixis Advisors LLC grew its stake 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 worth $1,471,000 after acquiring an additional 45,835 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in shares of TTM Technologies during the 2nd quarter worth $602,000. First Eagle Investment Management LLC grew its stake in shares of 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 worth $14,080,000 after purchasing an additional 92,300 shares in the last quarter. Hood River Capital Management LLC purchased a new position in TTM Technologies in the second quarter valued at $8,806,000. Finally, Quantbot Technologies LP purchased a new position in TTM Technologies in the third quarter valued at $847,000. 95.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Shawn A. Powers sold 6,400 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $23.74, for a total transaction of $151,936.00. Following the transaction, the executive vice president now owns 95,341 shares in the company, valued at $2,263,395.34. This trade represents a 6.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Catherine A. Gridley sold 5,000 shares of TTM Technologies stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $25.15, for a total value of $125,750.00. Following the transaction, the executive vice president now directly owns 115,296 shares in the company, valued at approximately $2,899,694.40. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,044 shares of company stock valued at $1,163,803. 1.30% of the stock is currently owned by insiders.

TTM Technologies Price Performance

Shares of NASDAQ:TTMI opened at $24.63 on Friday. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $25.49. The firm has a market capitalization 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 current ratio of 2.00 and a quick ratio of 1.70. The company’s fifty day moving average price is $21.76 and its 200 day moving average price is $20.07.

Analysts Set New Price Targets

Separately, Needham & Company LLC upped their price objective 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 Profile

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.