Y Intercept Hong Kong Ltd Acquires New Stake in TTM Technologies, Inc. (NASDAQ:TTMI)

Y Intercept Hong Kong 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 filing with the SEC. The firm acquired 11,932 shares of the technology company’s stock, valued at approximately $218,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of TTM Technologies by 67.2% in the third quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock valued at $29,000 after buying an additional 642 shares during the last quarter. Quarry LP purchased a new stake in TTM Technologies in the 3rd quarter worth approximately $34,000. CWM LLC grew its stake in TTM Technologies by 202.6% in the 2nd quarter. CWM LLC now owns 1,858 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,244 shares during the period. Covestor Ltd raised its holdings in TTM Technologies by 3,220.3% in the 3rd quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock valued at $36,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of TTM Technologies during the 2nd quarter worth $64,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

TTM Technologies Stock Performance

Shares of TTMI stock opened at $24.96 on Thursday. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 37.82 and a beta of 1.21. The company has a 50 day moving average price of $22.91 and a 200 day moving average price of $20.46. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $28.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.00.

Insider Transactions at TTM Technologies

In other news, EVP Douglas L. Soder sold 19,015 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $25.00, for a total transaction of $475,375.00. Following the completion of the sale, the executive vice president now owns 185,478 shares in the company, valued at approximately $4,636,950. The trade was a 9.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeff Jankowsky sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $25.00, for a total transaction of $125,000.00. Following the completion of the transaction, the insider now owns 50,273 shares in the company, valued at $1,256,825. The trade was a 9.05 % decrease in their position. 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 ninety days. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $30.00 target price (up from $26.00) on shares of TTM Technologies in a research note on Monday, December 9th.

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.