Stifel Nicolaus reissued their buy rating on shares of TTM Technologies, Inc. (NASDAQ:TTMI) in a research report report published on Wednesday. They currently have a $17.50 price target on the technology company’s stock.
Other research analysts have also recently issued research reports about the stock. J P Morgan Chase & Co set a $22.00 target price on shares of TTM Technologies and gave the company a buy rating in a research note on Wednesday, August 16th. BidaskClub cut shares of TTM Technologies from a hold rating to a sell rating in a research note on Tuesday, August 8th. Needham & Company LLC upgraded shares of TTM Technologies from a buy rating to a strong-buy rating and set a $22.00 target price for the company in a research note on Monday, August 7th. Zacks Investment Research cut shares of TTM Technologies from a hold rating to a strong sell rating in a research note on Wednesday, August 9th. Finally, ValuEngine cut shares of TTM Technologies from a strong-buy rating to a buy rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $20.50.
TTM Technologies (NASDAQ TTMI) traded up $0.82 during trading hours on Wednesday, hitting $16.62. 1,168,358 shares of the stock were exchanged, compared to its average volume of 1,010,000. TTM Technologies has a 52 week low of $11.76 and a 52 week high of $19.54. The company has a quick ratio of 1.03, a current ratio of 1.65 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $1.69 billion, a PE ratio of 13.56 and a beta of 1.55.
TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. TTM Technologies had a net margin of 2.78% and a return on equity of 14.77%. The company had revenue of $666.81 million during the quarter, compared to analysts’ expectations of $651.67 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. TTM Technologies’s quarterly revenue was up 3.9% compared to the same quarter last year. analysts anticipate that TTM Technologies will post 1.07 earnings per share for the current fiscal year.
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In related news, Director Kenton K. Alder sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $14.70, for a total value of $44,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 9,000 shares of company stock valued at $133,980 in the last 90 days. 28.40% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Riverhead Capital Management LLC raised its position in TTM Technologies by 71.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock worth $119,000 after purchasing an additional 2,860 shares during the last quarter. Simplex Trading LLC acquired a new stake in TTM Technologies during the 3rd quarter worth $120,000. Pacad Investment Ltd. acquired a new stake in TTM Technologies during the 2nd quarter worth $133,000. Ameritas Investment Partners Inc. grew its holdings in TTM Technologies by 29.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,112 shares of the technology company’s stock worth $141,000 after acquiring an additional 1,852 shares during the period. Finally, Sei Investments Co. grew its holdings in TTM Technologies by 197.1% during the 2nd quarter. Sei Investments Co. now owns 9,235 shares of the technology company’s stock worth $161,000 after acquiring an additional 6,127 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.
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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