TTM Technologies (NASDAQ:TTMI) Upgraded at BidaskClub

TTM Technologies (NASDAQ:TTMI) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Thursday, January 18th.

Several other equities research analysts have also recently commented on the company. Zacks Investment Research cut TTM Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 26th. SunTrust Banks began coverage on TTM Technologies in a research note on Thursday, December 14th. They set a “buy” rating and a $20.00 price target for the company. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $17.50 price objective on shares of TTM Technologies in a research report on Wednesday, November 1st. Two investment 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 stock. The company presently has an average rating of “Buy” and a consensus price target of $19.50.

TTM Technologies (NASDAQ:TTMI) opened at $15.31 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $1,560.00, a P/E ratio of 15.01 and a beta of 1.70. TTM Technologies has a fifty-two week low of $12.76 and a fifty-two week high of $19.54.

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

In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the company’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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 28.40% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Riverhead Capital Management LLC boosted its stake in shares of TTM Technologies by 71.5% during 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. Simplex Trading LLC acquired a new stake in TTM Technologies in the 3rd quarter worth about $120,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in TTM Technologies by 169.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,048 shares of the technology company’s stock worth $124,000 after buying an additional 5,056 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in TTM Technologies by 29.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,112 shares of the technology company’s stock worth $141,000 after buying an additional 1,852 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in TTM Technologies by 55.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,434 shares of the technology company’s stock worth $145,000 after buying an additional 3,357 shares during 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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