A number of other brokerages have also issued reports on TTMI. Stifel Nicolaus raised their price target on TTM Technologies from $12.00 to $13.00 and gave the stock a buy rating in a research note on Thursday, August 1st. B. Riley assumed coverage on TTM Technologies in a research report on Thursday, September 5th. They issued a buy rating and a $17.75 price objective on the stock. JPMorgan Chase & Co. downgraded TTM Technologies from an overweight rating to a neutral rating and set a $14.00 price objective on the stock. in a research report on Monday, August 5th. TheStreet lowered TTM Technologies from a b- rating to a c+ rating in a research note on Friday, May 24th. Finally, ValuEngine upgraded TTM Technologies from a hold rating to a buy rating in a research report on Thursday, September 5th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $14.19.
TTM Technologies stock opened at $11.89 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.91 and a quick ratio of 1.71. TTM Technologies has a 1-year low of $8.49 and a 1-year high of $17.65. The firm has a market capitalization of $1.25 billion, a P/E ratio of 8.62 and a beta of 2.52. The company’s 50-day moving average is $10.57 and its 200 day moving average is $10.96.
TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, July 31st. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.03. The business had revenue of $633.04 million during the quarter, compared to analyst estimates of $622.68 million. TTM Technologies had a return on equity of 6.56% and a net margin of 2.93%. The company’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 earnings per share. Research analysts anticipate that TTM Technologies will post 0.45 earnings per share for the current fiscal year.
In related news, SVP Daniel J. Weber sold 20,000 shares of TTM Technologies stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $10.70, for a total value of $214,000.00. Following the completion of the sale, the senior vice president now directly owns 57,734 shares in the company, valued at $617,753.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anthony J. Princiotta sold 23,222 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $10.09, for a total transaction of $234,309.98. Following the completion of the sale, the insider now directly owns 51,408 shares of the company’s stock, valued at $518,706.72. The disclosure for this sale can be found here. Insiders sold a total of 74,939 shares of company stock worth $784,007 over the last 90 days. Insiders own 6.90% of the company’s stock.
A number of institutional investors have recently modified their holdings of TTMI. Oppenheimer & Co. Inc. lifted its holdings in shares of TTM Technologies by 8.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 12,500 shares of the technology company’s stock valued at $147,000 after purchasing an additional 1,000 shares during the last quarter. Mason Street Advisors LLC boosted its holdings in TTM Technologies by 4.1% in the first quarter. Mason Street Advisors LLC now owns 29,836 shares of the technology company’s stock worth $350,000 after acquiring an additional 1,181 shares in the last quarter. Arizona State Retirement System boosted its holdings in TTM Technologies by 0.9% in the first quarter. Arizona State Retirement System now owns 143,312 shares of the technology company’s stock worth $1,681,000 after acquiring an additional 1,213 shares in the last quarter. Piedmont Investment Advisors Inc. grew its stake in shares of TTM Technologies by 6.8% during the first quarter. Piedmont Investment Advisors Inc. now owns 23,487 shares of the technology company’s stock worth $276,000 after acquiring an additional 1,502 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of TTM Technologies by 15.0% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,606 shares of the technology company’s stock worth $136,000 after acquiring an additional 1,515 shares during the last quarter.
TTM Technologies Company Profile
TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.
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