TTM Technologies, Inc. (NASDAQ:TTMI) Receives $212.00 Consensus Price Target from Brokerages

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) have received an average rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $212.00.

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus lifted their target price on shares of TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Wall Street Zen cut TTM Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings downgraded TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Needham & Company LLC increased their target price on TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Finally, Zacks Research downgraded TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th.

Insider Activity at TTM Technologies

In other news, EVP Douglas L. Soder sold 2,874 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total transaction of $600,493.56. Following the sale, the executive vice president owned 210,634 shares in the company, valued at $44,009,867.96. This represents a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Daniel J. Weber sold 2,915 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total transaction of $609,060.10. Following the sale, the executive vice president directly owned 88,250 shares of the company’s stock, valued at $18,438,955. This trade represents a 3.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 82,043 shares of company stock worth $17,191,859 in the last ninety days. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of TTM Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Harbor Investment Advisory LLC purchased a new stake in shares of TTM Technologies during the second quarter valued at $29,000. Kestra Advisory Services LLC purchased a new position in TTM Technologies in the 4th quarter worth about $30,000. Truvestments Capital LLC bought a new position in TTM Technologies during the 4th quarter valued at about $30,000. GoalVest Advisory LLC lifted its stake in TTM Technologies by 456.7% during the 2nd quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock valued at $31,000 after acquiring an additional 137 shares during the period. Finally, Rakuten Securities Inc. purchased a new stake in shares of TTM Technologies during the 4th quarter valued at about $32,000. Institutional investors own 95.79% of the company’s stock.

TTM Technologies Trading Up 5.0%

NASDAQ:TTMI opened at $121.21 on Tuesday. TTM Technologies has a one year low of $39.20 and a one year high of $223.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.61. The company’s 50-day simple moving average is $166.18 and its 200 day simple moving average is $133.05. The firm has a market capitalization of $12.59 billion, a P/E ratio of 65.52 and a beta of 2.15.

TTM Technologies Company Profile

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.