TTM Technologies, Inc. (NASDAQ:TTMI) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, August 8th.
Other analysts have also issued research reports about the company. TheStreet raised TTM Technologies from a “c” rating to a “b-” rating in a report on Wednesday, May 3rd. Needham & Company LLC raised their price target on TTM Technologies from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, June 9th. Zacks Investment Research upgraded TTM Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $17.50 price target on shares of TTM Technologies in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $20.13.
TTM Technologies (TTMI) traded up 0.54% on Tuesday, reaching $12.99. The company’s stock had a trading volume of 886,067 shares. The stock has a market cap of $1.32 billion, a PE ratio of 18.17 and a beta of 1.46. TTM Technologies has a 12-month low of $10.04 and a 12-month high of $19.54. The company’s 50 day moving average price is $16.54 and its 200-day moving average price is $16.51.
TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.04. The business had revenue of $627.20 million during the quarter, compared to the consensus estimate of $625.43 million. TTM Technologies had a return on equity of 17.05% and a net margin of 2.97%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS. On average, equities analysts expect that TTM Technologies will post $1.53 EPS for the current year.
In related news, SVP Daniel J. Weber sold 3,605 shares of TTM Technologies stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $17.92, for a total transaction of $64,601.60. Following the transaction, the senior vice president now directly owns 48,270 shares in the company, valued at $864,998.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction on Monday, July 17th. The shares were sold at an average price of $18.43, for a total value of $55,290.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,074 shares of company stock worth $201,140. Company insiders own 28.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. bought a new position in TTM Technologies during the first quarter valued at $101,000. Riverhead Capital Management LLC increased its position in TTM Technologies by 71.5% in the second quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock valued at $119,000 after buying an additional 2,860 shares during the period. Pacad Investment Ltd. bought a new position in TTM Technologies during the second quarter valued at $133,000. Sei Investments Co. increased its position in TTM Technologies by 197.1% in the second quarter. Sei Investments Co. now owns 9,235 shares of the technology company’s stock valued at $161,000 after buying an additional 6,127 shares during the period. Finally, State of Alaska Department of Revenue increased its position in TTM Technologies by 1.5% in the first quarter. State of Alaska Department of Revenue now owns 9,310 shares of the technology company’s stock valued at $150,000 after buying an additional 140 shares during the period. Institutional investors own 95.16% of the company’s stock.
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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