Adage Capital Partners GP L.L.C. Reduces Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

Adage Capital Partners GP L.L.C. cut its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 15.1% in the 4th quarter, according to 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 period. Adage Capital Partners GP L.L.C. owned 1.38% of TTM Technologies worth $34,703,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TTMI. Franklin Resources Inc. raised its holdings in shares of TTM Technologies by 532.1% during the 4th quarter. Franklin Resources Inc. now owns 1,957,741 shares of the technology company's stock worth $48,454,000 after buying an additional 1,648,017 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of TTM Technologies by 50.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,534,166 shares of the technology company's stock valued at $37,971,000 after buying an additional 515,015 shares during the period. Loomis Sayles & Co. L P grew its stake in shares of TTM Technologies by 5.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,312,770 shares of the technology company's stock worth $32,491,000 after purchasing an additional 63,230 shares during the last quarter. Portolan Capital Management LLC lifted its holdings in TTM Technologies by 22.6% during the 4th quarter. Portolan Capital Management LLC now owns 1,301,342 shares of the technology company's stock worth $32,208,000 after buying an additional 239,972 shares during the period. Finally, Emerald Advisers LLC increased its stake in shares of TTM Technologies by 42.9% in the fourth quarter. Emerald Advisers LLC now owns 1,072,133 shares of the technology company's stock valued at $26,535,000 after buying an additional 321,853 shares during the period. Institutional investors own 95.79% of the company's stock.

TTM Technologies Stock Down 3.3 %

TTMI stock traded down $0.66 during mid-day trading on Wednesday, reaching $19.76. 193,318 shares of the company traded hands, compared to its average volume of 758,019. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. The firm's 50 day moving average price is $21.07 and its 200 day moving average price is $23.08. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 36.59 and a beta of 1.17. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $30.41.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. As a group, equities research analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Insider Activity

In other news, SVP Dale Martin Knecht sold 3,848 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.01, for a total value of $100,086.48. Following the completion of the sale, the senior vice president now owns 86,346 shares of the company's stock, valued at approximately $2,245,859.46. This represents a 4.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Weber sold 15,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.34, for a total value of $395,100.00. Following the transaction, the executive vice president now directly owns 95,153 shares in the company, valued at $2,506,330.02. This trade represents a 13.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,817 shares of company stock worth $1,316,006 in the last three months. Corporate insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

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

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.