TTM Technologies, Inc. (TTMI) Given Consensus Recommendation of “Buy” by Analysts
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.
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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