Portolan Capital Management LLC Reduces Stock Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

Portolan Capital Management LLC trimmed its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 11.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,061,370 shares of the technology company’s stock after selling 131,310 shares during the period. TTM Technologies comprises 1.4% of Portolan Capital Management LLC’s portfolio, making the stock its 18th biggest holding. Portolan Capital Management LLC owned about 1.04% of TTM Technologies worth $19,370,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. boosted its position in TTM Technologies by 88.8% in the second quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company’s stock worth $28,745,000 after purchasing an additional 695,844 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in TTM Technologies by 41.7% in the third quarter. Loomis Sayles & Co. L P now owns 1,249,540 shares of the technology company’s stock worth $22,804,000 after purchasing an additional 367,608 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of TTM Technologies during the 3rd quarter valued at about $18,600,000. Bank of New York Mellon Corp lifted its position in shares of TTM Technologies by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 863,309 shares of the technology company’s stock valued at $16,774,000 after buying an additional 12,789 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of TTM Technologies during the 3rd quarter valued at about $15,314,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

TTM Technologies Stock Down 1.6 %

Shares of TTMI opened at $24.49 on Wednesday. The business’s 50 day moving average is $21.27 and its 200 day moving average is $19.91. The company has a market capitalization of $2.50 billion, a PE ratio of 37.11 and a beta of 1.21. TTM Technologies, Inc. has a 12-month low of $13.43 and a 12-month high of $25.49. The company has a current ratio of 2.00, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59.

Insider Activity at TTM Technologies

In other TTM Technologies news, EVP Shawn A. Powers sold 6,400 shares of TTM Technologies stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $23.74, for a total value of $151,936.00. Following the sale, the executive vice president now owns 95,341 shares of the company’s stock, valued at $2,263,395.34. The trade was a 6.29 % decrease in their position. The transaction was disclosed in a legal 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 completion of the sale, the executive vice president now directly owns 115,296 shares in the company, valued at approximately $2,899,694.40. The trade was a 4.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,059 shares of company stock valued at $1,014,178. 1.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC lifted their price objective on TTM Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, October 31st.

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.