TTM Technologies, Inc. (TTMI) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of TTM Technologies, Inc. (NASDAQ:TTMI) from a strong sell rating to a hold rating in a report published on Thursday morning.

According to Zacks, “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. As of January 2, 2017, the PCB segment included 13 domestic PCB fabrication plants, including a facility that provides follow-on value-added services primarily for one of the PCB fabrication plants; eight PCB fabrication plants in China and one in Canada. As of January 2, 2017, the E-M Solutions included three custom electronic assembly plants in China. The Company offers a range of PCB products, including conventional PCBs, high density interconnect (HDI) PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, and integrated circuits (IC) substrates. “

Several other research analysts also recently weighed in on TTMI. Needham & Company LLC upped their price target on TTM Technologies from $18.00 to $22.00 and gave the stock a buy rating in a research note on Friday, June 9th. BidaskClub upgraded TTM Technologies from a buy rating to a strong-buy rating in a research report on Monday, July 24th. Stifel Nicolaus downgraded TTM Technologies from a buy rating to a hold rating and increased their target price for the company from $18.50 to $19.00 in a research report on Friday, July 28th. J P Morgan Chase & Co set a $22.00 target price on TTM Technologies and gave the company a buy rating in a research report on Wednesday, August 16th. Finally, ValuEngine downgraded TTM Technologies from a strong-buy rating to a buy rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. TTM Technologies currently has an average rating of Buy and an average target price of $20.50.

Shares of TTM Technologies (TTMI) opened at 15.63 on Thursday. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 21.86 and a beta of 1.56. The company’s 50 day moving average is $14.60 and its 200-day moving average is $16.13. TTM Technologies has a one year low of $10.85 and a one year high of $19.54.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.04). TTM Technologies had a net margin of 2.97% and a return on equity of 17.05%. The business had revenue of $627.20 million for the quarter, compared to analysts’ expectations of $625.43 million. During the same period in the previous year, the company earned $0.28 EPS. TTM Technologies’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts expect that TTM Technologies will post $1.53 EPS for the current year.

WARNING: This story was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and international trademark & copyright law. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/09/ttm-technologies-inc-ttmi-rating-increased-to-hold-at-zacks-investment-research.html.

In related news, Director Kenton K. Alder sold 3,000 shares of the stock in a transaction on Friday, August 25th. The stock was sold at an average price of $14.29, for a total transaction of $42,870.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 9,000 shares of company stock worth $142,260 in the last 90 days. 28.40% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in TTMI. LSV Asset Management increased its stake in TTM Technologies by 492.0% in the second quarter. LSV Asset Management now owns 2,508,368 shares of the technology company’s stock worth $43,545,000 after purchasing an additional 2,084,668 shares during the period. Vanguard Group Inc. increased its stake in TTM Technologies by 17.4% in the first quarter. Vanguard Group Inc. now owns 11,833,440 shares of the technology company’s stock worth $190,873,000 after purchasing an additional 1,757,393 shares during the period. FMR LLC increased its stake in TTM Technologies by 111.0% in the first quarter. FMR LLC now owns 2,823,070 shares of the technology company’s stock worth $45,536,000 after purchasing an additional 1,484,825 shares during the period. Dalton Greiner Hartman Maher & Co. purchased a new stake in TTM Technologies in the second quarter worth $15,548,000. Finally, Russell Investments Group Ltd. increased its stake in TTM Technologies by 69.0% in the second quarter. Russell Investments Group Ltd. now owns 1,669,384 shares of the technology company’s stock worth $28,981,000 after purchasing an additional 681,552 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

TTM Technologies Company Profile

TTM Technologies, Inc is a man

According to Zacks, “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. As of January 2, 2017, the PCB segment included 13 domestic PCB fabrication plants, including a facility that provides follow-on value-added services primarily for one of the PCB fabrication plants; eight PCB fabrication plants in China and one in Canada. As of January 2, 2017, the E-M Solutions included three custom electronic assembly plants in China. The Company offers a range of PCB products, including conventional PCBs, high density interconnect (HDI) PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, and integrated circuits (IC) substrates. “

Several other research analysts also recently weighed in on TTMI. Needham & Company LLC upped their price target on TTM Technologies from $18.00 to $22.00 and gave the stock a buy rating in a research note on Friday, June 9th. BidaskClub upgraded TTM Technologies from a buy rating to a strong-buy rating in a research report on Monday, July 24th. Stifel Nicolaus downgraded TTM Technologies from a buy rating to a hold rating and increased their target price for the company from $18.50 to $19.00 in a research report on Friday, July 28th. J P Morgan Chase & Co set a $22.00 target price on TTM Technologies and gave the company a buy rating in a research report on Wednesday, August 16th. Finally, ValuEngine downgraded TTM Technologies from a strong-buy rating to a buy rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. TTM Technologies currently has an average rating of Buy and an average target price of $20.50.

Shares of TTM Technologies (TTMI) opened at 15.63 on Thursday. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 21.86 and a beta of 1.56. The company’s 50 day moving average is $14.60 and its 200-day moving average is $16.13. TTM Technologies has a one year low of $10.85 and a one year high of $19.54.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.04). TTM Technologies had a net margin of 2.97% and a return on equity of 17.05%. The business had revenue of $627.20 million for the quarter, compared to analysts’ expectations of $625.43 million. During the same period in the previous year, the company earned $0.28 EPS. TTM Technologies’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts expect that TTM Technologies will post $1.53 EPS for the current year.

WARNING: This story was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and international trademark & copyright law. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/09/ttm-technologies-inc-ttmi-rating-increased-to-hold-at-zacks-investment-research.html.

In related news, Director Kenton K. Alder sold 3,000 shares of the stock in a transaction on Friday, August 25th. The stock was sold at an average price of $14.29, for a total transaction of $42,870.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 9,000 shares of company stock worth $142,260 in the last 90 days. 28.40% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in TTMI. LSV Asset Management increased its stake in TTM Technologies by 492.0% in the second quarter. LSV Asset Management now owns 2,508,368 shares of the technology company’s stock worth $43,545,000 after purchasing an additional 2,084,668 shares during the period. Vanguard Group Inc. increased its stake in TTM Technologies by 17.4% in the first quarter. Vanguard Group Inc. now owns 11,833,440 shares of the technology company’s stock worth $190,873,000 after purchasing an additional 1,757,393 shares during the period. FMR LLC increased its stake in TTM Technologies by 111.0% in the first quarter. FMR LLC now owns 2,823,070 shares of the technology company’s stock worth $45,536,000 after purchasing an additional 1,484,825 shares during the period. Dalton Greiner Hartman Maher & Co. purchased a new stake in TTM Technologies in the second quarter worth $15,548,000. Finally, Russell Investments Group Ltd. increased its stake in TTM Technologies by 69.0% in the second quarter. Russell Investments Group Ltd. now owns 1,669,384 shares of the technology company’s stock worth $28,981,000 after purchasing an additional 681,552 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

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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