TTM Technologies, Inc. (TTMI) Receives Consensus Rating of “Buy” from Analysts

TTM Technologies, Inc. (NASDAQ:TTMI) has been given a consensus rating of “Buy” by the eight research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $19.50.

A number of research firms have issued reports on TTMI. Stifel Nicolaus decreased their target price on TTM Technologies from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday. Needham & Company LLC decreased their target price on TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $20.00 target price (down previously from $22.00) on shares of TTM Technologies in a research report on Thursday. Zacks Investment Research upgraded TTM Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, BidaskClub upgraded TTM Technologies from a “hold” rating to a “buy” rating in a report on Thursday, January 18th.

In related news, Director Kenton K. Alder sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $16.10, for a total value of $48,300.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 28.40% of the company’s stock.

A number of hedge funds have recently made changes to their positions in TTMI. Simplex Trading LLC bought a new stake in TTM Technologies in the third quarter valued at approximately $120,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in 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 acquiring an additional 5,056 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in 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 acquiring an additional 1,852 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in TTM Technologies by 55.2% in the third quarter. Envestnet Asset Management Inc. now owns 9,434 shares of the technology company’s stock valued at $145,000 after acquiring an additional 3,357 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its holdings in TTM Technologies by 5.1% in the second quarter. Suntrust Banks Inc. now owns 11,933 shares of the technology company’s stock valued at $207,000 after acquiring an additional 583 shares during the last quarter.

TTM Technologies (TTMI) traded down $0.12 during mid-day trading on Friday, reaching $15.02. The company had a trading volume of 1,066,124 shares, compared to its average volume of 1,065,282. The firm has a market capitalization of $1,480.00, a P/E ratio of 24.85 and a beta of 1.70. TTM Technologies has a fifty-two week low of $12.76 and a fifty-two week high of $19.54. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.21 and a current ratio of 1.65.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.05. TTM Technologies had a return on equity of 13.62% and a net margin of 4.67%. The business had revenue of $739.30 million during the quarter, compared to the consensus estimate of $724.65 million. During the same quarter in the previous year, the firm earned $0.58 earnings per share. TTM Technologies’s revenue for the quarter was up 4.6% compared to the same quarter last year. analysts anticipate that TTM Technologies will post 1.25 EPS for the current fiscal year.

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About TTM Technologies

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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