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.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, November 1st. The technology company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. TTM Technologies had a return on equity of 14.77% and a net margin of 2.78%. The business had revenue of $666.81 million during the quarter, compared to analysts’ expectations of $651.67 million. During the same quarter last year, the firm posted $0.39 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. research analysts predict that TTM Technologies will post 1.08 EPS for the current fiscal year.

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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