BidaskClub upgraded shares of TTM Technologies (NASDAQ:TTMI) from a hold rating to a buy rating in a research note published on Thursday morning.
A number of other research analysts have also weighed in on TTMI. Stifel Nicolaus reissued a buy rating and issued a $17.50 target price on shares of TTM Technologies in a report on Thursday, September 28th. Zacks Investment Research lowered shares of TTM Technologies from a hold rating to a sell rating in a report on Saturday, January 6th. Finally, SunTrust Banks began coverage on shares of TTM Technologies in a report on Thursday, December 14th. They issued a buy rating and a $20.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. TTM Technologies currently has a consensus rating of Buy and an average price target of $20.38.
TTM Technologies (NASDAQ TTMI) traded up $0.10 during mid-day trading on Thursday, hitting $17.59. 509,404 shares of the company were exchanged, compared to its average volume of 866,203. TTM Technologies has a 1 year low of $12.76 and a 1 year high of $19.54. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.21 and a current ratio of 1.65. The stock has a market capitalization of $1,800.00, a price-to-earnings ratio of 29.32 and a beta of 1.55.
In related news, Director Kenton K. Alder sold 3,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $16.10, for a total value of $48,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 28.40% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in TTM Technologies by 9.6% in the second quarter. Vanguard Group Inc. now owns 12,967,044 shares of the technology company’s stock worth $225,108,000 after buying an additional 1,133,604 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in TTM Technologies by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 8,565,975 shares of the technology company’s stock worth $148,706,000 after buying an additional 75,016 shares during the last quarter. FMR LLC lifted its position in TTM Technologies by 20.1% in the second quarter. FMR LLC now owns 3,389,523 shares of the technology company’s stock worth $58,842,000 after buying an additional 566,453 shares during the last quarter. Ameriprise Financial Inc. lifted its position in TTM Technologies by 9.1% in the third quarter. Ameriprise Financial Inc. now owns 2,689,654 shares of the technology company’s stock worth $41,339,000 after buying an additional 224,090 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY lifted its position in TTM Technologies by 27.5% in the third quarter. Paradigm Capital Management Inc. NY now owns 2,342,229 shares of the technology company’s stock worth $36,000,000 after buying an additional 505,900 shares during the last quarter.
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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