TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. lessened its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,402,150 shares of the technology company's stock after selling 248,417 shares during the quarter. Adage Capital Partners GP L.L.C. owned 1.38% of TTM Technologies worth $34,703,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. USA Financial Formulas purchased a new position in shares of TTM Technologies in the fourth quarter valued at about $25,000. Smartleaf Asset Management LLC increased its stake in shares of TTM Technologies by 670.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company's stock valued at $35,000 after buying an additional 1,220 shares during the period. GAMMA Investing LLC lifted its stake in TTM Technologies by 27.7% in the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company's stock worth $51,000 after acquiring an additional 443 shares during the period. Sterling Capital Management LLC boosted its holdings in TTM Technologies by 808.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company's stock valued at $79,000 after acquiring an additional 2,831 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in TTM Technologies during the 4th quarter valued at $83,000. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies Stock Down 0.7 %

NASDAQ TTMI traded down $0.14 on Monday, hitting $20.28. The stock had a trading volume of 633,620 shares, compared to its average volume of 759,917. The business's fifty day moving average price is $21.30 and its 200 day moving average price is $23.09. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week high of $30.41. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 37.56 and a beta of 1.17. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. Equities research analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Insider Buying and Selling at TTM Technologies

In other news, COO Philip Titterton sold 24,792 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total transaction of $633,683.52. Following the sale, the chief operating officer now directly owns 157,528 shares in the company, valued at $4,026,415.68. This trade represents a 13.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Dale Martin Knecht sold 3,848 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.01, for a total value of $100,086.48. Following the transaction, the senior vice president now directly owns 86,346 shares of the company's stock, valued at approximately $2,245,859.46. The trade was a 4.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,817 shares of company stock worth $1,316,006. Company insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TTMI. Stifel Nicolaus began coverage on shares of TTM Technologies in a report on Tuesday, February 11th. They issued a "buy" rating and a $33.00 price objective on the stock. Needham & Company LLC restated a "buy" rating and set a $33.00 price objective on shares of TTM Technologies in a research report on Friday, March 21st.

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.