A number of other research analysts also recently weighed in on TTMI. Needham & Company LLC restated a buy rating and set a $18.00 price target on shares of TTM Technologies in a report on Tuesday, February 21st. Stifel Nicolaus raised their price target on shares of TTM Technologies from $13.00 to $15.00 and gave the company a buy rating in a report on Wednesday, November 30th. Zacks Investment Research downgraded shares of TTM Technologies from a strong-buy rating to a hold rating in a report on Wednesday, February 1st. Finally, JPMorgan Chase & Co. downgraded shares of TTM Technologies from an overweight rating to a neutral rating and set a $18.00 price target on the stock. in a report on Friday, February 17th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $18.25.
Shares of TTM Technologies (NASDAQ:TTMI) traded down 1.70% during trading on Wednesday, hitting $15.63. 130,587 shares of the stock traded hands. The firm has a 50 day moving average price of $16.23 and a 200-day moving average price of $13.79. The company has a market cap of $1.57 billion, a PE ratio of 45.97 and a beta of 1.39. TTM Technologies has a one year low of $6.22 and a one year high of $17.86.
TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, February 8th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.13. The business had revenue of $706.50 million for the quarter, compared to the consensus estimate of $671.57 million. TTM Technologies had a net margin of 1.38% and a return on equity of 15.90%. TTM Technologies’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 EPS. Analysts anticipate that TTM Technologies will post $1.60 earnings per share for the current fiscal year.
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In related news, insider Douglas L. Soder sold 6,666 shares of TTM Technologies stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $15.00, for a total value of $99,990.00. Following the transaction, the insider now owns 91,749 shares in the company, valued at approximately $1,376,235. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $14.56, for a total transaction of $43,680.00. The disclosure for this sale can be found here. Insiders sold a total of 4,140,348 shares of company stock worth $65,079,738 in the last quarter. Insiders own 28.40% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. MSI Financial Services Inc purchased a new position in shares of TTM Technologies during the third quarter valued at approximately $103,000. Oberweis Asset Management Inc. purchased a new position in shares of TTM Technologies during the fourth quarter valued at approximately $138,000. ARP Americas LLC purchased a new position in shares of TTM Technologies during the fourth quarter valued at approximately $171,000. Airain ltd purchased a new position in shares of TTM Technologies during the third quarter valued at approximately $151,000. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of TTM Technologies by 1.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 14,490 shares of the company’s stock valued at $166,000 after buying an additional 160 shares during the period. Hedge funds and other institutional investors own 80.99% 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). The Company operates approximately 30 specialized facilities in the United States, the People’s Republic of China (China), Canada and Mexico.
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