Zacks Investment Research downgraded shares of TTM Technologies, Inc. (NASDAQ:TTMI) from a hold rating to a strong sell rating in a report published on Thursday, October 26th.
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. “
A number of other research analysts also recently commented on TTMI. BidaskClub raised shares of TTM Technologies from a buy rating to a strong-buy rating in a research report on Monday, July 24th. Stifel Nicolaus cut shares of TTM Technologies from a buy rating to a hold rating and lifted their target price for the company from $18.50 to $19.00 in a research note on Friday, July 28th. Needham & Company LLC upgraded shares of TTM Technologies from a buy rating to a strong-buy rating and set a $22.00 price objective for the company in a research note on Monday, August 7th. J P Morgan Chase & Co set a $22.00 price objective on shares of TTM Technologies and gave the stock a buy rating in a research note on Wednesday, August 16th. Finally, ValuEngine lowered shares of TTM Technologies from a strong-buy rating to a buy rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. TTM Technologies currently has a consensus rating of Buy and a consensus target price of $20.50.
TTM Technologies (NASDAQ:TTMI) opened at $16.62 on Thursday. The stock has a market cap of $1,692.17, a P/E ratio of 13.19 and a beta of 1.55. The company has a quick ratio of 1.21, a current ratio of 1.65 and a debt-to-equity ratio of 1.02. TTM Technologies has a 52 week low of $11.76 and a 52 week high of $19.54.
TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, November 1st. The technology company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. TTM Technologies had a net margin of 2.78% and a return on equity of 14.77%. The business had revenue of $666.81 million for the quarter, compared to the consensus estimate of $651.67 million. During the same period last year, the firm posted $0.39 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. research analysts expect that TTM Technologies will post 1.08 earnings per share for the current fiscal year.
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In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $14.29, for a total transaction of $42,870.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 9,000 shares of company stock worth $133,980. 28.40% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. 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 increased its stake in TTM Technologies by 71.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock worth $119,000 after purchasing an additional 2,860 shares in the last quarter. Simplex Trading LLC bought a new stake in TTM Technologies during the 3rd quarter worth approximately $120,000. Pacad Investment Ltd. bought a new stake in TTM Technologies during the 2nd quarter worth approximately $133,000. Finally, Sei Investments Co. increased its stake in TTM Technologies by 197.1% during the 2nd quarter. Sei Investments Co. now owns 9,235 shares of the technology company’s stock worth $161,000 after purchasing an additional 6,127 shares in the last quarter.
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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