Shares of TTM Technologies, Inc. (NASDAQ:TTMI) have earned an average rating of “Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $19.50.
Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday. JPMorgan Chase & Co. reissued an “overweight” rating and set a $20.00 price objective (down from $22.00) on shares of TTM Technologies in a report on Thursday, February 8th. Stifel Nicolaus decreased their price objective on shares of TTM Technologies from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Needham & Company LLC decreased their price objective on shares of TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating for the company in a report on Thursday, February 8th. Finally, BidaskClub cut shares of TTM Technologies from a “buy” rating to a “hold” rating in a report on Friday, January 26th.
In other news, Director Kenton K. Alder sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $16.10, for a total transaction of $48,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 28.40% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in TTMI. Nationwide Fund Advisors increased its holdings in TTM Technologies by 13.8% during the second quarter. Nationwide Fund Advisors now owns 68,916 shares of the technology company’s stock valued at $1,196,000 after buying an additional 8,341 shares during the last quarter. Amalgamated Bank purchased a new stake in TTM Technologies during the second quarter valued at approximately $219,000. Northern Trust Corp increased its holdings in TTM Technologies by 24.1% during the second quarter. Northern Trust Corp now owns 1,112,498 shares of the technology company’s stock valued at $19,313,000 after buying an additional 215,690 shares during the last quarter. Vanguard Group Inc. increased its holdings in TTM Technologies by 9.6% during the second quarter. Vanguard Group Inc. now owns 12,967,044 shares of the technology company’s stock valued at $225,108,000 after buying an additional 1,133,604 shares during the last quarter. Finally, FMR LLC increased its holdings in TTM Technologies by 20.1% during the second quarter. FMR LLC now owns 3,389,523 shares of the technology company’s stock valued at $58,842,000 after buying an additional 566,453 shares during the last quarter.
Shares of TTM Technologies (NASDAQ:TTMI) traded up $0.08 during midday trading on Friday, hitting $15.80. 902,564 shares of the stock traded hands, compared to its average volume of 1,058,611. The company has a market capitalization of $1,610.00, a P/E ratio of 15.52 and a beta of 1.70. TTM Technologies has a 52-week low of $12.76 and a 52-week high of $19.54. 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 (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.05. TTM Technologies had a net margin of 4.67% and a return on equity of 13.26%. The firm had revenue of $739.30 million during the quarter, compared to analysts’ expectations of $724.65 million. During the same period in the previous year, the company earned $0.58 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. equities research analysts forecast that TTM Technologies will post 1.04 earnings per share for the current year.
WARNING: This piece of content was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of US and international copyright & trademark law. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/17/ttm-technologies-inc-ttmi-given-consensus-rating-of-buy-by-analysts-2.html.
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.
Receive News & Ratings for TTM Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTM Technologies and related companies with MarketBeat.com's FREE daily email newsletter.