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.
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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