TTM Technologies (TTMI) Receives Overweight Rating from JPMorgan Chase & Co.
JPMorgan Chase & Co. reiterated their overweight rating on shares of TTM Technologies (NASDAQ:TTMI) in a research note published on Thursday morning, Marketbeat.com reports. They currently have a $20.00 target price on the technology company’s stock, down from their prior target price of $22.00.
TTMI has been the topic of a number of other reports. Zacks Investment Research cut TTM Technologies from a hold rating to a strong sell rating in a research report on Thursday, October 26th. Stifel Nicolaus reaffirmed 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 initiated coverage on TTM Technologies in a research note on Thursday, December 14th. They set a buy rating and a $20.00 target price on the stock. BidaskClub downgraded TTM Technologies from a buy rating to a hold rating in a research note on Tuesday, December 5th. Finally, Needham & Company LLC decreased their target price on TTM Technologies from $22.00 to $20.00 and set a strong-buy rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $19.50.
TTM Technologies (NASDAQ TTMI) opened at $14.99 on Thursday. TTM Technologies has a 12-month low of $12.76 and a 12-month high of $19.54. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.21 and a current ratio of 1.70. The firm has a market capitalization of $1,510.00, a PE ratio of 14.70 and a beta of 1.70.
In related news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $16.07, for a total transaction of $48,210.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 28.40% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in TTM Technologies by 9.6% during the 2nd quarter. Vanguard Group Inc. now owns 12,967,044 shares of the technology company’s stock valued at $225,108,000 after purchasing an additional 1,133,604 shares during the period. LSV Asset Management raised its stake in TTM Technologies by 12.9% during the 4th quarter. LSV Asset Management now owns 4,233,084 shares of the technology company’s stock valued at $66,332,000 after purchasing an additional 484,226 shares during the period. FMR LLC raised its stake in TTM Technologies by 20.1% during the 2nd quarter. FMR LLC now owns 3,389,523 shares of the technology company’s stock valued at $58,842,000 after purchasing an additional 566,453 shares during the period. Ameriprise Financial Inc. raised its stake in TTM Technologies by 9.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,689,654 shares of the technology company’s stock valued at $41,339,000 after purchasing an additional 224,090 shares during the period. Finally, Paradigm Capital Management Inc. NY raised its stake in TTM Technologies by 27.5% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 2,342,229 shares of the technology company’s stock valued at $36,000,000 after purchasing an additional 505,900 shares during the period.
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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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