TTM Technologies, Inc. (NASDAQ:TTMI) has received an average recommendation of “Buy” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $20.50.
Several equities analysts have commented on TTMI shares. Needham & Company LLC raised TTM Technologies from a “buy” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research report on Monday, August 7th. Stifel Nicolaus downgraded TTM Technologies from a “buy” rating to a “hold” rating and raised their price target for the company from $18.50 to $19.00 in a report on Friday, July 28th. Zacks Investment Research upgraded TTM Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, October 5th. BidaskClub downgraded TTM Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, ValuEngine downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st.
In related news, Director Kenton K. Alder sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $15.67, for a total value of $47,010.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 9,000 shares of company stock worth $133,980. 28.40% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in TTMI. Vanguard Group Inc. increased its position in shares of TTM Technologies by 9.6% during the 2nd quarter. Vanguard Group Inc. now owns 12,967,044 shares of the technology company’s stock valued at $225,108,000 after purchasing an additional 1,133,604 shares during the last quarter. Dimensional Fund Advisors LP grew its position in TTM Technologies by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,565,975 shares of the technology company’s stock valued at $148,706,000 after acquiring an additional 75,016 shares during the last quarter. FMR LLC grew its position in TTM Technologies by 20.1% in the 2nd quarter. FMR LLC now owns 3,389,523 shares of the technology company’s stock valued at $58,842,000 after acquiring an additional 566,453 shares during the last quarter. LSV Asset Management grew its position in TTM Technologies by 492.0% in the 2nd quarter. LSV Asset Management now owns 2,508,368 shares of the technology company’s stock valued at $43,545,000 after acquiring an additional 2,084,668 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in TTM Technologies by 15.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,465,564 shares of the technology company’s stock valued at $42,803,000 after acquiring an additional 336,830 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.
Shares of TTM Technologies (NASDAQ TTMI) traded up $0.82 during mid-day trading on Wednesday, reaching $16.62. The company had a trading volume of 1,168,358 shares, compared to its average volume of 1,010,000. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.03. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 13.56 and a beta of 1.55. TTM Technologies has a 12 month low of $11.76 and a 12 month high of $19.54.
TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. The business had revenue of $666.81 million during the quarter, compared to analyst estimates of $651.67 million. TTM Technologies had a return on equity of 14.77% and a net margin of 2.78%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. research analysts predict that TTM Technologies will post 1.07 EPS for the current year.
About TTM Technologies
TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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