TTM Technologies, Inc. (NASDAQ:TTMI) has been assigned a consensus rating of “Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $19.50.
TTMI has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of TTM Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. SunTrust Banks initiated coverage on shares of TTM Technologies in a research note on Thursday, December 14th. They issued a “buy” rating and a $20.00 price target on the stock. BidaskClub downgraded shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Needham & Company LLC reduced their price target on shares of TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating on the stock in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $20.00 price target (down from $22.00) on shares of TTM Technologies in a research note on Thursday, February 8th.
Shares of TTM Technologies (NASDAQ:TTMI) traded up $0.24 during trading on Tuesday, reaching $16.39. 70,696 shares of the company’s stock were exchanged, compared to its average volume of 941,831. The firm has a market capitalization of $1,655.92, a P/E ratio of 14.83 and a beta of 1.65. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.70 and a quick ratio of 1.29. TTM Technologies has a 12-month low of $12.76 and a 12-month high of $19.54.
TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The firm had revenue of $739.30 million for the quarter, compared to the consensus estimate of $724.65 million. TTM Technologies had a net margin of 4.67% and a return on equity of 13.26%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share. research analysts forecast that TTM Technologies will post 1.04 earnings per share for the current year.
In related news, Director Kenton K. Alder sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $16.10, for a total value of $48,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Daniel J. Weber sold 8,630 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $15.89, for a total transaction of $137,130.70. Following the completion of the transaction, the senior vice president now owns 30,642 shares of the company’s stock, valued at approximately $486,901.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 144,288 shares of company stock valued at $2,323,250. 28.40% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of TTMI. Glenmede Trust Co. NA bought a new position in TTM Technologies during the 4th quarter worth approximately $34,384,000. Hood River Capital Management LLC bought a new stake in shares of TTM Technologies in the 3rd quarter valued at $16,278,000. Mesirow Financial Investment Management Equity Management bought a new stake in shares of TTM Technologies in the 4th quarter valued at $16,390,000. Cortina Asset Management LLC bought a new stake in shares of TTM Technologies in the 3rd quarter valued at $13,685,000. Finally, Tocqueville Asset Management L.P. increased its stake in shares of TTM Technologies by 31.9% in the 4th quarter. Tocqueville Asset Management L.P. now owns 2,709,663 shares of the technology company’s stock valued at $42,460,000 after acquiring an additional 655,015 shares in the last quarter.
COPYRIGHT VIOLATION NOTICE: “TTM Technologies, Inc. (TTMI) Receives $19.50 Average Price Target from Analysts” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://ledgergazette.com/2018/03/17/ttm-technologies-inc-ttmi-receives-19-50-average-price-target-from-analysts.html.
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.
Receive News & Ratings for TTM Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTM Technologies and related companies with MarketBeat.com's FREE daily email newsletter.