TTM Technologies (TTMI) Rating Lowered to Sell at Zacks Investment Research
Zacks Investment Research lowered shares of TTM Technologies (NASDAQ:TTMI) from a hold rating to a sell rating in a research report released on Saturday morning.
According to Zacks, “TTM Technologies, Inc. is a leading global printed circuit board manufacturer, focusing on quick-turn and volume production of technologically advanced PCBs, backplane assemblies and electro-mechanical solutions. TTM stands for time-to-market, representing how TTM’s time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market. “
Other equities analysts have also issued research reports about the stock. Stifel Nicolaus restated a buy rating and set a $17.50 price objective on shares of TTM Technologies in a research report on Wednesday, November 1st. SunTrust Banks started coverage on shares of TTM Technologies in a research report on Thursday, December 14th. They set a buy rating and a $20.00 price objective for the company. Finally, BidaskClub lowered shares of TTM Technologies from a buy rating to a hold rating in a research report on Tuesday, December 5th. Two investment analysts have rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. TTM Technologies presently has an average rating of Buy and a consensus price target of $20.38.
TTM Technologies (NASDAQ TTMI) traded up $0.32 during trading hours on Friday, hitting $16.64. 743,460 shares of the stock traded hands, compared to its average volume of 868,960. TTM Technologies has a one year low of $12.76 and a one year high of $19.54. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.21 and a current ratio of 1.65. The company has a market cap of $1,690.00, a price-to-earnings ratio of 27.73 and a beta of 1.55.
TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.32 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. TTM Technologies had a net margin of 2.78% and a return on equity of 14.77%. The company had revenue of $666.81 million during the quarter, compared to analyst estimates of $651.67 million. During the same quarter last year, the firm posted $0.39 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. equities analysts forecast that TTM Technologies will post 1.08 earnings per share for the current year.
In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $15.67, for a total value of $47,010.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 9,000 shares of company stock valued at $143,520. Corporate insiders own 28.40% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Rubric Capital Management LP acquired a new position in shares of TTM Technologies in the third quarter worth about $6,532,000. GSA Capital Partners LLP acquired a new position in shares of TTM Technologies in the third quarter worth about $670,000. Dana Investment Advisors Inc. boosted its holdings in shares of TTM Technologies by 5.1% in the third quarter. Dana Investment Advisors Inc. now owns 150,356 shares of the technology company’s stock worth $2,311,000 after buying an additional 7,313 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of TTM Technologies by 114.6% in the third quarter. Sterling Capital Management LLC now owns 170,992 shares of the technology company’s stock worth $2,628,000 after buying an additional 91,301 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of TTM Technologies by 169.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,048 shares of the technology company’s stock worth $124,000 after buying an additional 5,056 shares during the period.
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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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