TTM Technologies (NASDAQ:TTMI) Getting Somewhat Favorable News Coverage, Study Shows
News headlines about TTM Technologies (NASDAQ:TTMI) have trended somewhat positive on Sunday, according to Accern. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TTM Technologies earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 46.3558562628643 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern’s scoring:
- Universal Display Corporation (OLED) & TTM Technologies (NASDAQ:TTMI) Head to Head Comparison (americanbankingnews.com)
- TTM Technologies, Inc. (NASDAQ:TTMI) Short Interest Down 11.5% in July (americanbankingnews.com)
- TTM Technologies, Inc. (NASDAQ:TTMI) Position Raised by AQR Capital Management LLC (campdesrecrues.com)
- Should You Buy TTM Technologies, Inc. (NASDAQ:TTMI) On Current Analyst Views? (lazeresportes.com)
- TTM Technologies, Inc. (NASDAQ:TTMI) Experiences Heavier than Average Trading Volume (fishinghd.com)
TTM Technologies (NASDAQ TTMI) opened at 13.12 on Friday. The firm has a 50-day moving average price of $17.25 and a 200 day moving average price of $16.57. The company has a market cap of $1.34 billion, a P/E ratio of 18.35 and a beta of 1.46. TTM Technologies has a 12 month low of $10.04 and a 12 month high of $19.54.
TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.04. The business had revenue of $627.20 million for the quarter, compared to analyst estimates of $625.43 million. TTM Technologies had a return on equity of 17.05% and a net margin of 2.97%. TTM Technologies’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS. Equities research analysts predict that TTM Technologies will post $1.53 EPS for the current year.
Several brokerages have commented on TTMI. TheStreet raised TTM Technologies from a “c” rating to a “b-” rating in a research report on Wednesday, May 3rd. BidaskClub downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Needham & Company LLC upped their price objective on TTM Technologies from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, June 9th. Zacks Investment Research downgraded TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Finally, Stifel Nicolaus downgraded TTM Technologies from a “buy” rating to a “hold” rating and upped their price objective for the company from $18.50 to $19.00 in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. TTM Technologies currently has an average rating of “Hold” and a consensus price target of $19.88.
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In other TTM Technologies news, SVP Daniel J. Weber sold 3,605 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $17.92, for a total transaction of $64,601.60. Following the completion of the sale, the senior vice president now owns 48,270 shares of the company’s stock, valued at $864,998.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kenton K. Alder sold 3,000 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $18.43, for a total value of $55,290.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,074 shares of company stock valued at $249,890. 28.40% of the stock is owned by insiders.
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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