TTM Technologies, Inc. (TTMI) Given Consensus Rating of “Buy” by Analysts

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) have earned a consensus rating of “Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $20.38.

TTMI has been the subject of several research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $17.50 price target on shares of TTM Technologies in a research report on Thursday, September 28th. Zacks Investment Research raised shares of TTM Technologies from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 5th. BidaskClub cut shares of TTM Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, SunTrust Banks initiated coverage on shares of TTM Technologies in a research report on Thursday, December 14th. They issued a “buy” rating and a $20.00 price target for the company.

In related news, Director Kenton K. Alder sold 3,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $16.10, for a total transaction of $48,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 28.40% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Jane Street Group LLC lifted its position in TTM Technologies by 63.6% during the third quarter. Jane Street Group LLC now owns 31,453 shares of the technology company’s stock valued at $483,000 after acquiring an additional 12,231 shares during the last quarter. USA Financial Portformulas Corp increased its stake in TTM Technologies by 247.3% during the 2nd quarter. USA Financial Portformulas Corp now owns 59,809 shares of the technology company’s stock valued at $1,038,000 after purchasing an additional 42,586 shares in the last quarter. IndexIQ Advisors LLC increased its stake in TTM Technologies by 83.0% during the 3rd quarter. IndexIQ Advisors LLC now owns 53,736 shares of the technology company’s stock valued at $826,000 after purchasing an additional 24,375 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in TTM Technologies during the 2nd quarter valued at approximately $321,000. Finally, Alpha Windward LLC acquired a new position in TTM Technologies during the 3rd quarter valued at approximately $547,000.

Shares of TTM Technologies (NASDAQ TTMI) traded up $0.59 on Monday, hitting $17.39. 1,163,700 shares of the stock traded hands, compared to its average volume of 792,067. TTM Technologies has a 52-week low of $12.76 and a 52-week high of $19.54. The stock has a market cap of $1,770.00, a PE ratio of 28.98 and a beta of 1.55. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.21.

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

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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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