TTM Technologies, Inc. $TTMI Shares Sold by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. reduced its stake in TTM Technologies by 33.5%, now holding 932,750 shares valued at approximately $19 million after selling 469,400 shares in the first quarter.
• Insider transactions include SVP Dale Martin Knecht and EVP Catherine A. Gridley selling shares, resulting in a 10.19% and 19.69% decrease in their positions, respectively.
• TTM Technologies recently reported $0.58 earnings per share, exceeding estimates, along with a revenue increase of 20.7% year-over-year, driving a stock buyback program authorization of $100 million.

Adage Capital Partners GP L.L.C. reduced its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 33.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 932,750 shares of the technology company's stock after selling 469,400 shares during the period. Adage Capital Partners GP L.L.C. owned 0.92% of TTM Technologies worth $19,131,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Nuveen LLC purchased a new position in TTM Technologies during the 1st quarter valued at about $31,763,000. Emerald Advisers LLC raised its holdings in TTM Technologies by 34.3% in the first quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company's stock worth $29,533,000 after buying an additional 367,798 shares during the last quarter. Invesco Ltd. raised its holdings in TTM Technologies by 35.3% in the first quarter. Invesco Ltd. now owns 1,357,707 shares of the technology company's stock worth $27,847,000 after buying an additional 354,342 shares during the last quarter. Northern Trust Corp raised its holdings in TTM Technologies by 7.8% in the fourth quarter. Northern Trust Corp now owns 1,159,576 shares of the technology company's stock worth $28,700,000 after buying an additional 84,137 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its holdings in TTM Technologies by 52.2% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 886,701 shares of the technology company's stock worth $18,186,000 after buying an additional 304,176 shares during the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

TTM Technologies Stock Performance

TTMI stock traded down $0.14 during midday trading on Thursday, reaching $49.30. 518,284 shares of the company's stock traded hands, compared to its average volume of 1,337,718. TTM Technologies, Inc. has a 52-week low of $15.77 and a 52-week high of $51.15. The stock has a market cap of $5.09 billion, a P/E ratio of 54.63 and a beta of 1.57. The company has a current ratio of 2.03, a quick ratio of 1.72 and a debt-to-equity ratio of 0.56. The stock's 50-day moving average is $44.85 and its 200 day moving average is $32.76.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.06. The business had revenue of $730.62 million during the quarter, compared to analysts' expectations of $668.42 million. TTM Technologies had a net margin of 3.52% and a return on equity of 11.80%. The firm's revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 earnings per share. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. As a group, analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $56.00 target price on shares of TTM Technologies in a report on Friday, August 15th. Wall Street Zen cut shares of TTM Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday, September 5th. Stifel Nicolaus lifted their target price on shares of TTM Technologies from $40.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. B. Riley boosted their price objective on shares of TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Finally, Truist Financial boosted their price objective on shares of TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a report on Monday, July 7th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, TTM Technologies currently has a consensus rating of "Buy" and a consensus target price of $52.25.

Insider Buying and Selling

In related news, Director Wajid Ali bought 5,000 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was bought at an average cost of $41.75 per share, with a total value of $208,750.00. Following the completion of the purchase, the director owned 19,024 shares of the company's stock, valued at approximately $794,252. The trade was a 35.65% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Philip Titterton sold 23,486 shares of the stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $36.39, for a total transaction of $854,655.54. Following the transaction, the chief operating officer owned 123,338 shares of the company's stock, valued at $4,488,269.82. This trade represents a 16.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,759 shares of company stock worth $4,136,826 in the last three months. Corporate insiders own 1.30% of the company's stock.

TTM Technologies Company 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.