BidaskClub Downgrades TTM Technologies (TTMI) to Hold

BidaskClub lowered shares of TTM Technologies (NASDAQ:TTMI) from a buy rating to a hold rating in a research report report published on Friday, January 26th.

Several other equities analysts have also issued reports on TTMI. Stifel Nicolaus reiterated a buy rating and issued a $17.50 price objective on shares of TTM Technologies in a research report on Thursday, September 28th. Zacks Investment Research upgraded TTM Technologies from a strong sell rating to a hold rating in a research note on Thursday, October 5th. Finally, SunTrust Banks began coverage on TTM Technologies in a research note on Thursday, December 14th. They issued a buy rating and a $20.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $19.50.

TTM Technologies (NASDAQ TTMI) opened at $15.31 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.96. TTM Technologies has a 12-month low of $12.76 and a 12-month high of $19.54. The stock has a market capitalization of $1,560.00, a PE ratio of 15.01 and a beta of 1.70.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.05. TTM Technologies had a return on equity of 13.26% and a net margin of 4.67%. The business had revenue of $739.30 million during the quarter, compared to analyst estimates of $724.65 million. During the same period in the previous year, the firm earned $0.58 EPS. TTM Technologies’s quarterly revenue was up 4.6% compared to the same quarter last year. equities research analysts predict that TTM Technologies will post 1.25 earnings per share for the current fiscal year.

In other news, Director Kenton K. Alder sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $16.10, for a total transaction of $48,300.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 28.40% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Cortina Asset Management LLC raised its stake in shares of TTM Technologies by 57.0% during the 4th quarter. Cortina Asset Management LLC now owns 1,397,912 shares of the technology company’s stock worth $21,905,000 after purchasing an additional 507,554 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in TTM Technologies by 64.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 493,200 shares of the technology company’s stock valued at $7,728,000 after acquiring an additional 193,900 shares during the period. FDx Advisors Inc. bought a new stake in TTM Technologies in the 4th quarter valued at $160,000. Employees Retirement System of Texas bought a new stake in TTM Technologies in the 4th quarter valued at $548,000. Finally, UBS Asset Management Americas Inc. raised its stake in TTM Technologies by 11.2% in the 4th quarter. UBS Asset Management Americas Inc. now owns 53,659 shares of the technology company’s stock valued at $841,000 after acquiring an additional 5,425 shares during the period.

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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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