TTM Technologies, Inc. (TTMI) Given Average Rating of “Buy” by Analysts
TTM Technologies, Inc. (NASDAQ:TTMI) has earned a consensus rating of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $20.50.
TTMI has been the topic of a number of recent research reports. Stifel Nicolaus raised TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 target price on the stock in a report on Thursday, August 24th. They noted that the move was a valuation call. Zacks Investment Research cut TTM Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. BidaskClub cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. J P Morgan Chase & Co set a $22.00 target price on TTM Technologies and gave the stock a “buy” rating in a report on Wednesday, August 16th. Finally, ValuEngine cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st.
Shares of TTM Technologies (TTMI) traded up $0.36 during trading on Friday, reaching $17.55. The company had a trading volume of 333,870 shares, compared to its average volume of 956,643. TTM Technologies has a one year low of $12.76 and a one year high of $19.54. The company has a market cap of $1,786.85, a PE ratio of 13.93 and a beta of 1.55. The company has a current ratio of 1.65, a quick ratio of 1.21 and a debt-to-equity ratio of 1.02.
TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, November 1st. The technology company reported $0.32 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.32. TTM Technologies had a return on equity of 14.77% and a net margin of 2.78%. The company had revenue of $666.81 million for the quarter, compared to analysts’ expectations of $651.67 million. During the same period last year, the firm earned $0.39 EPS. TTM Technologies’s revenue for the quarter was up 3.9% compared to the same quarter last year. equities research analysts anticipate that TTM Technologies will post 1.08 EPS for the current fiscal year.
In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $15.67, for a total transaction of $47,010.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 9,000 shares of company stock worth $139,320. Insiders own 28.40% of the company’s stock.
A number of large investors have recently bought and sold shares of TTMI. Bank of America Corp DE raised its holdings in TTM Technologies by 134.8% during the first quarter. Bank of America Corp DE now owns 194,180 shares of the technology company’s stock valued at $3,133,000 after acquiring an additional 111,483 shares during the period. State Street Corp grew its position in shares of TTM Technologies by 6.4% during the first quarter. State Street Corp now owns 1,870,812 shares of the technology company’s stock valued at $30,176,000 after purchasing an additional 112,550 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of TTM Technologies by 11.3% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 25,600 shares of the technology company’s stock valued at $413,000 after purchasing an additional 2,600 shares in the last quarter. Bank of Montreal Can grew its position in shares of TTM Technologies by 20.2% during the second quarter. Bank of Montreal Can now owns 397,458 shares of the technology company’s stock valued at $6,901,000 after purchasing an additional 66,822 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of TTM Technologies by 81.2% during the second quarter. State of Alaska Department of Revenue now owns 16,870 shares of the technology company’s stock valued at $292,000 after purchasing an additional 7,560 shares in the last quarter.
About TTM Technologies
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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