TTM Technologies (NASDAQ:TTMI) has been given an average recommendation of “Buy” by the seven research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $19.50.
A number of equities analysts have issued reports on the company. JPMorgan Chase reaffirmed an “overweight” rating and issued a $20.00 target price (down previously from $22.00) on shares of TTM Technologies in a report on Thursday, February 8th. Stifel Nicolaus decreased their price target on TTM Technologies from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Zacks Investment Research raised TTM Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. BidaskClub cut TTM Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, March 29th. Finally, Needham & Company LLC decreased their price target on TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating for the company in a research note on Thursday, February 8th.
In other news, insider William Kent Hardwick sold 2,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $15.66, for a total value of $31,320.00. Following the completion of the sale, the insider now owns 43,152 shares of the company’s stock, valued at $675,760.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Daniel J. Weber sold 8,630 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $15.89, for a total value of $137,130.70. Following the completion of the sale, the senior vice president now directly 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 three months, insiders sold 141,288 shares of company stock valued at $2,274,950. Insiders own 10.10% of the company’s stock.
Hedge funds have recently modified their holdings of the company. FDx Advisors Inc. bought a new stake in shares of TTM Technologies during the 4th quarter valued at about $160,000. Leucadia National Corp bought a new stake in shares of TTM Technologies during the 4th quarter valued at about $203,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of TTM Technologies by 61.9% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,029 shares of the technology company’s stock valued at $204,000 after purchasing an additional 4,981 shares in the last quarter. LPL Financial LLC bought a new stake in shares of TTM Technologies during the 4th quarter valued at about $208,000. Finally, Dorsey & Whitney Trust CO LLC bought a new stake in shares of TTM Technologies during the 4th quarter valued at about $211,000.
Shares of TTM Technologies opened at $16.53 on Friday, according to MarketBeat. TTM Technologies has a 12-month low of $12.76 and a 12-month high of $19.54. The company has a quick ratio of 1.72, a current ratio of 1.84 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 15.89 and a beta of 1.76.
TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, May 2nd. The technology company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. TTM Technologies had a return on equity of 10.32% and a net margin of 3.76%. The business had revenue of $663.58 million during the quarter, compared to analysts’ expectations of $638.80 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. research analysts forecast that TTM Technologies will post 1.03 earnings per share for the current fiscal year.
About TTM Technologies
TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.
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