Analysts Set TTM Technologies, Inc. (TTMI) Price Target at $20.40
TTM Technologies, Inc. (NASDAQ:TTMI) has earned an average recommendation of “Hold” from the nine analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $20.40.
TTMI has been the topic of several recent analyst reports. BidaskClub cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 28th. Zacks Investment Research cut TTM Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Needham & Company LLC raised their price objective on TTM Technologies from $20.00 to $23.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 2nd. ValuEngine upgraded TTM Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Finally, Macquarie initiated coverage on TTM Technologies in a research note on Monday, October 8th. They set an “outperform” rating on the stock.
In other news, EVP Tai Keung Chung sold 23,345 shares of TTM Technologies stock in a transaction on Monday, August 6th. The stock was sold at an average price of $18.90, for a total transaction of $441,220.50. Following the sale, the executive vice president now directly owns 50,357 shares in the company, valued at approximately $951,747.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William Kent Hardwick sold 3,115 shares of TTM Technologies stock in a transaction on Monday, August 6th. The stock was sold at an average price of $18.91, for a total value of $58,904.65. Following the sale, the insider now owns 44,997 shares in the company, valued at $850,893.27. The disclosure for this sale can be found here. Insiders have sold a total of 27,775 shares of company stock worth $525,426 over the last quarter. Company insiders own 10.10% of the company’s stock.
Shares of NASDAQ:TTMI opened at $14.35 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.57 and a debt-to-equity ratio of 1.36. TTM Technologies has a 1-year low of $13.72 and a 1-year high of $19.91. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 10.93 and a beta of 1.92.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, August 1st. The technology company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.11. TTM Technologies had a return on equity of 15.85% and a net margin of 5.91%. The business had revenue of $716.89 million for the quarter, compared to analysts’ expectations of $728.97 million. During the same period last year, the business earned $0.31 EPS. The business’s revenue was up 14.3% on a year-over-year basis. As a group, sell-side analysts forecast that TTM Technologies will post 1.09 earnings per share for the current year.
TTM Technologies Company Profile
TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and 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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