TTM Technologies, Inc. (TTMI) Receives $20.50 Consensus Target Price from Analysts

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.

TRADEMARK VIOLATION NOTICE: This story was reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this story on another site, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The original version of this story can be read at https://www.com-unik.info/2017/11/04/ttm-technologies-inc-ttmi-receives-20-50-consensus-target-price-from-analysts.html.

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.

What are top analysts saying about TTM Technologies Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for TTM Technologies Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit