Headlines about TTM Technologies (NASDAQ:TTMI) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. TTM Technologies earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 44.1372619124545 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s analysis:
Shares of TTMI stock opened at $15.78 on Thursday. The stock has a market cap of $1,612.60, a price-to-earnings ratio of 15.17 and a beta of 1.73. TTM Technologies has a 1 year low of $12.76 and a 1 year high of $19.54. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.29 and a current ratio 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, topping the consensus estimate of $0.52 by $0.05. The company had revenue of $739.30 million for the quarter, compared to analyst estimates of $724.65 million. TTM Technologies had a return on equity of 13.26% and a net margin of 4.67%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.58 earnings per share. analysts predict that TTM Technologies will post 1.04 earnings per share for the current year.
Several equities analysts recently commented on TTMI shares. Zacks Investment Research raised TTM Technologies from a “sell” rating to a “hold” rating in a report on Thursday, April 12th. Stifel Nicolaus dropped their price objective on TTM Technologies from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. BidaskClub lowered TTM Technologies from a “buy” rating to a “hold” rating in a report on Thursday, March 29th. Needham & Company LLC dropped their price objective on TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating on the stock in a report on Thursday, February 8th. Finally, JPMorgan Chase reaffirmed an “overweight” rating and set a $20.00 price objective (down previously from $22.00) on shares of TTM Technologies in a report on Thursday, February 8th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $19.50.
In other news, insider Jon Pereira sold 2,078 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $15.85, for a total transaction of $32,936.30. Following the completion of the sale, the insider now owns 34,336 shares in the company, valued at $544,225.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider William Kent Hardwick sold 2,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $15.66, for a total transaction of $31,320.00. Following the sale, the insider now owns 43,152 shares of the company’s stock, valued at approximately $675,760.32. The disclosure for this sale can be found here. Insiders have sold 141,288 shares of company stock valued at $2,274,950 in the last quarter. Insiders own 10.10% of the company’s stock.
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TTM Technologies Company Profile
TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments: PCB and electro-mechanical solutions (E-M Solutions). The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.
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