TTM Technologies (NASDAQ:TTMI) had its price target dropped by Needham & Company LLC from $22.00 to $20.00 in a research note issued on Thursday. The brokerage currently has a “strong-buy” rating on the technology company’s stock. Needham & Company LLC’s target price would indicate a potential upside of 33.42% from the company’s previous close.
TTMI has been the topic of a number of other reports. BidaskClub downgraded shares of TTM Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Zacks Investment Research downgraded shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. SunTrust Banks started coverage on shares of TTM Technologies in a report on Thursday, December 14th. They set a “buy” rating and a $20.00 target price on the stock. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $17.50 price objective on shares of TTM Technologies in a report on Wednesday, November 1st. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $19.50.
Shares of TTM Technologies (TTMI) traded down $0.15 on Thursday, reaching $14.99. 1,538,843 shares of the company were exchanged, compared to its average volume of 1,164,828. The firm has a market capitalization of $1,526.21, a P/E ratio of 13.63 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 0.96, a quick ratio of 1.21 and a current ratio of 1.70.
In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $16.10, for a total value of $48,300.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 28.40% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the business. Simplex Trading LLC acquired a new position in shares of TTM Technologies in the third quarter valued at $120,000. Ladenburg Thalmann Financial Services Inc. increased its holdings 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 purchasing an additional 5,056 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings 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 purchasing an additional 1,852 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of 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 purchasing an additional 3,357 shares during the last quarter. Finally, FDx Advisors Inc. acquired a new position in shares of TTM Technologies in the fourth quarter valued at $160,000.
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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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