Shares of TTM Technologies, Inc. (NASDAQ:TTMI) have received an average recommendation of “Buy” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $20.38.

TTMI has been the topic of several analyst reports. Stifel Nicolaus restated a “buy” rating and set a $17.50 price target on shares of TTM Technologies in a research report on Wednesday, November 1st. BidaskClub lowered shares of TTM Technologies from a “hold” rating to a “sell” rating in a research report on Monday, December 11th. Zacks Investment Research upgraded shares of TTM Technologies from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, SunTrust Banks initiated coverage on shares of TTM Technologies in a research report on Thursday, December 14th. They set a “buy” rating and a $20.00 price target on the stock.

TTM Technologies (NASDAQ TTMI) traded up $0.59 during trading hours on Monday, hitting $17.39. 1,163,700 shares of the stock were exchanged, compared to its average volume of 792,067. The firm has a market capitalization of $1,770.00, a price-to-earnings ratio of 28.98 and a beta of 1.55. 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 1.02, a current ratio of 1.65 and a quick ratio of 1.21.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.32 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.32. The firm had revenue of $666.81 million for the quarter, compared to analyst estimates of $651.67 million. TTM Technologies had a net margin of 2.78% and a return on equity of 14.77%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. equities research analysts forecast that TTM Technologies will post 1.08 EPS for the current fiscal year.

In related news, Director Kenton K. Alder sold 3,000 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $16.10, for a total transaction of $48,300.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 28.40% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of TTMI. Riverhead Capital Management LLC lifted its holdings in TTM Technologies by 71.5% during the second quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock valued at $119,000 after purchasing an additional 2,860 shares in the last quarter. Simplex Trading LLC purchased a new position in TTM Technologies during the third quarter valued at $120,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in TTM Technologies by 169.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,048 shares of the technology company’s stock valued at $124,000 after purchasing an additional 5,056 shares in the last quarter. Pacad Investment Ltd. purchased a new position in TTM Technologies during the second quarter valued at $133,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in TTM Technologies by 29.6% during the second quarter. Ameritas Investment Partners Inc. now owns 8,112 shares of the technology company’s stock valued at $141,000 after purchasing an additional 1,852 shares in the last quarter.

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TTM Technologies Company Profile

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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