TTM Technologies, Inc. (TTMI) Given Consensus Rating of “Buy” by Analysts

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.

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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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