TTM Technologies, Inc. (TTMI) Given Average Recommendation of “Hold” by Analysts
Shares of TTM Technologies, Inc. (NASDAQ:TTMI) have earned an average rating of “Hold” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $20.40.
A number of research analysts have recently issued reports on the company. BidaskClub cut TTM Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. ValuEngine raised TTM Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Needham & Company LLC raised their target price on TTM Technologies from $20.00 to $23.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 2nd. Zacks Investment Research cut TTM Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Finally, Deutsche Bank started coverage on TTM Technologies in a research note on Thursday, June 14th. They issued a “hold” rating and a $19.00 target price on the stock.
In related news, EVP Tai Keung Chung sold 23,345 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $18.90, for a total value of $441,220.50. Following the sale, the executive vice president now directly owns 50,357 shares of the company’s stock, valued at $951,747.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Brian W. Barber sold 1,315 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $19.24, for a total value of $25,300.60. Following the completion of the sale, the chief operating officer now directly owns 76,280 shares in the company, valued at $1,467,627.20. The disclosure for this sale can be found here. Insiders sold 27,775 shares of company stock worth $525,426 over the last three months. 10.10% of the stock is owned by insiders.
Shares of NASDAQ:TTMI traded down $0.04 on Friday, reaching $16.08. 36,773 shares of the company traded hands, compared to its average volume of 682,199. TTM Technologies has a 52 week low of $13.72 and a 52 week high of $19.91. The stock has a market capitalization of $1.74 billion, a P/E ratio of 15.38 and a beta of 1.88. 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 (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, August 1st. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $716.89 million for the quarter, compared to analysts’ expectations of $728.97 million. During the same period last year, the firm earned $0.31 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. research analysts predict that TTM Technologies will post 1.09 EPS for the current year.
About TTM Technologies
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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