TTM Technologies, Inc. (TTMI) Shares Gap Up to $15.80
TTM Technologies, Inc. (NASDAQ:TTMI) shares gapped up prior to trading on Friday . The stock had previously closed at $14.98, but opened at $15.80. TTM Technologies shares last traded at $16.69, with a volume of 616519 shares.
Several research analysts recently weighed in on TTMI shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $17.50 target price on shares of TTM Technologies in a report on Thursday, September 28th. ValuEngine downgraded shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. J P Morgan Chase & Co set a $22.00 target price on shares of TTM Technologies and gave the stock a “buy” rating in a report on Wednesday, August 16th. BidaskClub downgraded shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Zacks Investment Research raised shares of TTM Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $20.50.
The company has a market cap of $1,692.15, a price-to-earnings ratio of 13.19 and a beta of 1.55. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.03.
TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, November 1st. The technology company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $666.81 million during the quarter, compared to the consensus estimate of $651.67 million. TTM Technologies had a net margin of 2.78% and a return on equity of 14.77%. TTM Technologies’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. sell-side analysts predict that TTM Technologies, Inc. will post 1.07 EPS for the current year.
In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $14.70, for a total transaction of $44,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 9,000 shares of company stock valued at $133,980 in the last three months. Insiders own 28.40% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TTMI. Riverhead Capital Management LLC boosted its holdings in shares of TTM Technologies by 71.5% during the 2nd 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 during the last quarter. Simplex Trading LLC bought a new position in shares of TTM Technologies during the 3rd quarter valued at about $120,000. Pacad Investment Ltd. bought a new position in shares of TTM Technologies during the 2nd quarter valued at about $133,000. Ameritas Investment Partners Inc. boosted its holdings in shares of TTM Technologies by 29.6% during the 2nd 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 during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of TTM Technologies by 197.1% during the 2nd quarter. Sei Investments Co. now owns 9,235 shares of the technology company’s stock valued at $161,000 after purchasing an additional 6,127 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.
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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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