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

TTM Technologies, Inc. (NASDAQ:TTMI) has been assigned a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $99.00.

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of TTM Technologies in a report on Wednesday, January 21st. B. Riley upped their price target on TTM Technologies from $81.00 to $123.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Needham & Company LLC raised their price objective on shares of TTM Technologies from $79.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Truist Financial set a $113.00 target price on shares of TTM Technologies in a report on Wednesday, January 14th. Finally, Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th.

TTM Technologies Trading Up 4.6%

NASDAQ:TTMI opened at $102.76 on Tuesday. TTM Technologies has a 1 year low of $15.77 and a 1 year high of $106.68. The stock’s fifty day moving average price is $79.00 and its two-hundred day moving average price is $62.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.94 and a quick ratio of 1.66. The company has a market cap of $10.62 billion, a P/E ratio of 81.56 and a beta of 1.74.

Insider Activity at TTM Technologies

In other news, Director Thomas T. Edman sold 16,800 shares of TTM Technologies stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $69.75, for a total transaction of $1,171,800.00. Following the completion of the sale, the director owned 804,923 shares in the company, valued at approximately $56,143,379.25. This trade represents a 2.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert P. Farrell sold 643 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $66.98, for a total value of $43,068.14. Following the transaction, the insider directly owned 19,406 shares of the company’s stock, valued at $1,299,813.88. The trade was a 3.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,394 shares of company stock valued at $2,213,694 in the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TTM Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. lifted its holdings in shares of TTM Technologies by 66.4% during the 3rd quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock worth $25,000 after acquiring an additional 170 shares during the last quarter. Bessemer Group Inc. raised its position in TTM Technologies by 448.8% during the third quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock valued at $27,000 after purchasing an additional 377 shares in the last quarter. Rakuten Securities Inc. bought a new stake in TTM Technologies during the fourth quarter worth about $32,000. Wolff Wiese Magana LLC purchased a new position in shares of TTM Technologies in the 4th quarter worth about $34,000. Finally, Danske Bank A S bought a new position in shares of TTM Technologies during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

TTM Technologies Company Profile

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.