TTM Technologies (NASDAQ:TTMI) had its target price trimmed by Needham & Company LLC from $22.00 to $20.00 in a research report released on Thursday. The firm currently has a strong-buy rating on the technology company’s stock.
TTMI has been the subject of a number of other reports. BidaskClub cut TTM Technologies from a buy rating to a hold rating in a research note on Tuesday, December 5th. Zacks Investment Research lowered TTM Technologies from a hold rating to a strong sell rating in a research report on Thursday, October 26th. SunTrust Banks assumed coverage on TTM Technologies in a research report on Thursday, December 14th. They set a buy rating and a $20.00 target price on the stock. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $17.50 target price on shares of TTM Technologies in a research report on Wednesday, November 1st. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $19.50.
Shares of TTM Technologies (TTMI) opened at $14.99 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.21 and a current ratio of 1.70. The firm has a market capitalization of $1,510.00, a price-to-earnings ratio of 14.70 and a beta of 1.70. TTM Technologies has a 12 month low of $12.76 and a 12 month high of $19.54.
In related news, Director Kenton K. Alder sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $16.07, for a total transaction of $48,210.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 28.40% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. FDx Advisors Inc. acquired a new position in TTM Technologies during the 4th quarter valued at about $160,000. Employees Retirement System of Texas acquired a new position in TTM Technologies during the 4th quarter valued at about $548,000. UBS Asset Management Americas Inc. increased its position in TTM Technologies by 11.2% during the 4th quarter. UBS Asset Management Americas Inc. now owns 53,659 shares of the technology company’s stock valued at $841,000 after buying an additional 5,425 shares in the last quarter. Schroder Investment Management Group acquired a new position in TTM Technologies during the 4th quarter valued at about $3,058,000. Finally, Rhumbline Advisers increased its position in TTM Technologies by 15.3% during the 4th quarter. Rhumbline Advisers now owns 214,609 shares of the technology company’s stock valued at $3,363,000 after buying an additional 28,557 shares in the last quarter.
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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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