TTM Technologies (NASDAQ:TTMI) Rating Lowered to Hold at ValuEngine

TTM Technologies (NASDAQ:TTMI) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Tuesday, ValuEngine reports.

TTMI has been the subject of several other reports. B. Riley started coverage on TTM Technologies in a report on Thursday, September 5th. They set a “buy” rating and a $17.75 price objective for the company. BidaskClub raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 6th. Finally, Zacks Investment Research cut TTM Technologies from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. TTM Technologies has a consensus rating of “Buy” and a consensus target price of $14.69.

Shares of NASDAQ:TTMI opened at $13.59 on Tuesday. The stock has a market capitalization of $1.43 billion, a P/E ratio of 9.85 and a beta of 2.56. TTM Technologies has a 1-year low of $8.49 and a 1-year high of $13.92. The company has a current ratio of 1.92, a quick ratio of 1.73 and a debt-to-equity ratio of 1.19. The business has a 50-day moving average price of $12.98 and a two-hundred day moving average price of $11.18.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.01). The firm had revenue of $716.80 million for the quarter, compared to the consensus estimate of $709.49 million. TTM Technologies had a return on equity of 5.56% and a net margin of 2.56%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 earnings per share. As a group, equities analysts predict that TTM Technologies will post 0.24 EPS for the current year.

Institutional investors have recently bought and sold shares of the company. Mason Street Advisors LLC grew its position in shares of TTM Technologies by 6.3% during the 3rd quarter. Mason Street Advisors LLC now owns 33,313 shares of the technology company’s stock worth $406,000 after buying an additional 1,983 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of TTM Technologies during the 3rd quarter worth about $276,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of TTM Technologies by 21.1% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,057 shares of the technology company’s stock worth $143,000 after buying an additional 2,451 shares during the period. Menta Capital LLC acquired a new position in shares of TTM Technologies during the 2nd quarter worth about $166,000. Finally, Rhumbline Advisers grew its position in shares of TTM Technologies by 9.2% during the 3rd quarter. Rhumbline Advisers now owns 315,826 shares of the technology company’s stock worth $3,851,000 after buying an additional 26,645 shares during the period.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.

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