TTM Technologies (TTMI) Research Coverage Started at SunTrust Banks
SunTrust Banks began coverage on shares of TTM Technologies (NASDAQ:TTMI) in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage set a “buy” rating and a $20.00 price target on the technology company’s stock. SunTrust Banks’ target price points to a potential upside of 26.74% from the stock’s current price.
TTMI has been the subject of a number of other research reports. Zacks Investment Research cut TTM Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 26th. ValuEngine cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Stifel Nicolaus raised TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 price objective for the company in a research note on Thursday, August 24th. They noted that the move was a valuation call. BidaskClub cut TTM Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, J P Morgan Chase & Co set a $22.00 price objective on TTM Technologies and gave the company a “buy” rating in a research note on Wednesday, August 16th. One investment 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 stock presently has a consensus rating of “Buy” and an average target price of $20.38.
Shares of TTM Technologies (NASDAQ:TTMI) traded up $0.09 on Thursday, hitting $15.78. The stock had a trading volume of 1,201,998 shares, compared to its average volume of 1,375,610. TTM Technologies has a 52 week low of $12.76 and a 52 week high of $19.54. The company has a quick ratio of 1.21, a current ratio of 1.65 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $1,610.00, a P/E ratio of 12.22 and a beta of 1.55.
In other news, Director Kenton K. Alder sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $16.07, for a total value of $48,210.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold 9,000 shares of company stock worth $139,320 in the last 90 days. Corporate insiders own 28.40% of the company’s stock.
A number of institutional investors have recently modified their holdings of TTMI. Riverhead Capital Management LLC raised its stake in shares of TTM Technologies by 71.5% in the second 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. bought a new stake in shares of TTM Technologies in the second quarter valued at $133,000. Simplex Trading LLC bought a new stake in shares of TTM Technologies in the third quarter valued at $120,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of TTM Technologies by 169.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,048 shares of the technology company’s stock valued at $124,000 after buying an additional 5,056 shares during the period. Finally, Ameritas Investment Partners Inc. raised its stake in shares of TTM Technologies by 29.6% in the second quarter. Ameritas Investment Partners Inc. now owns 8,112 shares of the technology company’s stock valued at $141,000 after buying an additional 1,852 shares during the period.
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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). 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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