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.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.05. TTM Technologies had a return on equity of 13.26% and a net margin of 4.67%. The firm had revenue of $739.30 million for the quarter, compared to analysts’ expectations of $724.65 million. During the same period in the previous year, the firm earned $0.58 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. sell-side analysts predict that TTM Technologies will post 1.25 earnings per share for the current year.

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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