Shares of TTM Technologies, Inc. (NASDAQ:TTMI) have received a consensus recommendation of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $20.50.
Several brokerages recently commented on TTMI. J P Morgan Chase & Co set a $22.00 target price on shares of TTM Technologies and gave the stock a “buy” rating in a report on Wednesday, August 16th. BidaskClub cut shares of TTM Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Stifel Nicolaus restated a “buy” rating and set a $17.50 target price on shares of TTM Technologies in a report on Thursday, September 28th. 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 report on Monday, August 7th. Finally, Zacks Investment Research cut shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th.
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In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the stock in a transaction on Friday, August 25th. The shares were sold at an average price of $14.29, for a total value of $42,870.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 9,000 shares of company stock valued at $142,260 in the last 90 days. 28.40% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. acquired a new stake in TTM Technologies in the first quarter valued at $101,000. Riverhead Capital Management LLC lifted its stake in TTM Technologies by 71.5% in the second quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock valued at $119,000 after acquiring an additional 2,860 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in TTM Technologies in the second quarter valued at $133,000. Sei Investments Co. lifted its stake in TTM Technologies by 197.1% in the second quarter. Sei Investments Co. now owns 9,235 shares of the technology company’s stock valued at $161,000 after acquiring an additional 6,127 shares during the last quarter. Finally, Sigma Planning Corp acquired a new stake in TTM Technologies in the second quarter valued at $176,000.
Shares of TTM Technologies (TTMI) traded up 0.90% during midday trading on Friday, hitting $15.63. 937,284 shares of the company’s stock were exchanged. The company has a 50-day moving average of $14.87 and a 200-day moving average of $16.13. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 21.86 and a beta of 1.56. TTM Technologies has a 52 week low of $10.85 and a 52 week high of $19.54.
TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.04). TTM Technologies had a net margin of 2.97% and a return on equity of 17.05%. The company had revenue of $627.20 million during the quarter, compared to analyst estimates of $625.43 million. During the same quarter last year, the company earned $0.28 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities research analysts expect that TTM Technologies will post $1.53 EPS for the current fiscal year.
TTM Technologies Company Profile
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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