TTM Technologies (TTMI) Price Target Lowered to $18.00 at Stifel Nicolaus

TTM Technologies (NASDAQ:TTMI) had its price objective cut by equities researchers at Stifel Nicolaus from $20.00 to $18.00 in a research report issued on Thursday, MarketBeat reports. The brokerage currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 20.08% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Zacks Investment Research raised TTM Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday. Needham & Company LLC lowered their price target on TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating for the company in a research report on Thursday. BidaskClub cut TTM Technologies from a “hold” rating to a “sell” rating in a research report on Monday, December 11th. Finally, SunTrust Banks assumed coverage on TTM Technologies in a research report on Thursday, December 14th. They set a “buy” rating and a $20.00 price target for the company. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $19.50.

Shares of TTM Technologies (NASDAQ TTMI) traded down $0.15 on Thursday, reaching $14.99. The company’s stock had a trading volume of 1,538,843 shares, compared to its average volume of 1,164,828. TTM Technologies has a 12 month low of $12.76 and a 12 month high of $19.54. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.96. The firm has a market cap of $1,526.21, a PE ratio of 13.63 and a beta of 1.70.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. TTM Technologies had a return on equity of 13.26% and a net margin of 4.67%. The company had revenue of $739.30 million during the quarter, compared to analysts’ expectations of $724.65 million. During the same quarter in the previous year, the firm posted $0.58 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. equities research analysts predict that TTM Technologies will post 1.25 EPS for the current fiscal year.

In other news, Director Kenton K. Alder sold 3,000 shares of the business’s stock in a transaction dated 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 Securities & Exchange Commission, which is available at the SEC website. Insiders own 28.40% of the company’s stock.

Several hedge funds have recently modified their holdings of TTMI. Simplex Trading LLC acquired a new position in shares of TTM Technologies in the 3rd quarter valued at about $120,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of TTM Technologies by 169.0% in the 3rd 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. Ameritas Investment Partners Inc. lifted its holdings in shares of TTM Technologies by 29.6% in the 2nd 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. Envestnet Asset Management Inc. lifted its holdings in shares of TTM Technologies by 55.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,434 shares of the technology company’s stock valued at $145,000 after buying an additional 3,357 shares during the period. Finally, FDx Advisors Inc. acquired a new position in shares of TTM Technologies in the 4th quarter valued at about $160,000.

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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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