TTM Technologies, Inc. (TTMI) Receives $20.50 Average PT from Analysts

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) have been given an average rating of “Buy” by the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $20.50.

A number of research analysts recently issued reports on TTMI shares. BidaskClub upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Stifel Nicolaus downgraded TTM Technologies from a “buy” rating to a “hold” rating and raised their price target for the stock from $18.50 to $19.00 in a research note on Friday, July 28th. Needham & Company LLC upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research note on Monday, August 7th. Zacks Investment Research downgraded TTM Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Finally, J P Morgan Chase & Co set a $22.00 price target on TTM Technologies and gave the stock a “buy” rating in a research note on Wednesday, August 16th.

In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $14.29, for a total value of $42,870.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 9,000 shares of company stock worth $142,260 over the last quarter. Company insiders own 28.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in TTMI. Ameritas Investment Partners Inc. acquired a new stake in shares of TTM Technologies in the 1st quarter valued at approximately $101,000. Riverhead Capital Management LLC lifted its holdings in shares of TTM Technologies by 71.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock valued at $119,000 after buying an additional 2,860 shares during the period. Pacad Investment Ltd. acquired a new stake in shares of TTM Technologies in the 2nd quarter valued at approximately $133,000. Sei Investments Co. lifted its holdings in shares of TTM Technologies by 197.1% in the 2nd quarter. Sei Investments Co. now owns 9,235 shares of the technology company’s stock valued at $161,000 after buying an additional 6,127 shares during the period. Finally, Sigma Planning Corp acquired a new stake in shares of TTM Technologies in the 2nd quarter valued at approximately $176,000.

WARNING: This article was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://ledgergazette.com/2017/10/10/ttm-technologies-inc-ttmi-receives-20-50-average-pt-from-analysts.html.

TTM Technologies (TTMI) traded down 1.55% during midday trading on Friday, hitting $15.23. The company had a trading volume of 845,662 shares. TTM Technologies has a 12 month low of $10.85 and a 12 month high of $19.54. The firm has a 50-day moving average price of $14.67 and a 200-day moving average price of $16.14. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 21.30 and a beta of 1.56.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The fi

A number of research analysts recently issued reports on TTMI shares. BidaskClub upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Stifel Nicolaus downgraded TTM Technologies from a “buy” rating to a “hold” rating and raised their price target for the stock from $18.50 to $19.00 in a research note on Friday, July 28th. Needham & Company LLC upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research note on Monday, August 7th. Zacks Investment Research downgraded TTM Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Finally, J P Morgan Chase & Co set a $22.00 price target on TTM Technologies and gave the stock a “buy” rating in a research note on Wednesday, August 16th.

In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $14.29, for a total value of $42,870.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 9,000 shares of company stock worth $142,260 over the last quarter. Company insiders own 28.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in TTMI. Ameritas Investment Partners Inc. acquired a new stake in shares of TTM Technologies in the 1st quarter valued at approximately $101,000. Riverhead Capital Management LLC lifted its holdings in shares of TTM Technologies by 71.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock valued at $119,000 after buying an additional 2,860 shares during the period. Pacad Investment Ltd. acquired a new stake in shares of TTM Technologies in the 2nd quarter valued at approximately $133,000. Sei Investments Co. lifted its holdings in shares of TTM Technologies by 197.1% in the 2nd quarter. Sei Investments Co. now owns 9,235 shares of the technology company’s stock valued at $161,000 after buying an additional 6,127 shares during the period. Finally, Sigma Planning Corp acquired a new stake in shares of TTM Technologies in the 2nd quarter valued at approximately $176,000.

WARNING: This article was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://ledgergazette.com/2017/10/10/ttm-technologies-inc-ttmi-receives-20-50-average-pt-from-analysts.html.

TTM Technologies (TTMI) traded down 1.55% during midday trading on Friday, hitting $15.23. The company had a trading volume of 845,662 shares. TTM Technologies has a 12 month low of $10.85 and a 12 month high of $19.54. The firm has a 50-day moving average price of $14.67 and a 200-day moving average price of $16.14. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 21.30 and a beta of 1.56.

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

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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