TTM Technologies (NASDAQ:TTMI) Research Coverage Started at Stifel Nicolaus

Stifel Nicolaus started coverage on shares of TTM Technologies (NASDAQ:TTMI) in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage issued a buy rating and a $33.00 price objective on the technology company’s stock.

Separately, Needham & Company LLC lifted their price objective on shares of TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, February 6th.

TTM Technologies Stock Up 1.9 %

TTM Technologies stock opened at $26.16 on Tuesday. The company has a fifty day simple moving average of $25.21 and a 200 day simple moving average of $21.97. TTM Technologies has a 1-year low of $13.43 and a 1-year high of $30.41. The company has a market cap of $2.67 billion, a P/E ratio of 48.44 and a beta of 1.19. The company has a current ratio of 1.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.58.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. Research analysts anticipate that TTM Technologies will post 1.74 earnings per share for the current fiscal year.

Insider Transactions at TTM Technologies

In other news, COO Philip Titterton sold 24,792 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total transaction of $633,683.52. Following the completion of the sale, the chief operating officer now owns 157,528 shares in the company, valued at approximately $4,026,415.68. This trade represents a 13.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeff Jankowsky sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $24.23, for a total transaction of $121,150.00. Following the sale, the insider now owns 55,273 shares of the company’s stock, valued at approximately $1,339,264.79. This represents a 8.30 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,653 shares of company stock worth $1,525,165. 1.30% of the stock is owned by insiders.

Institutional Trading of TTM Technologies

A number of hedge funds have recently modified their holdings of the stock. Creative Planning acquired a new stake in TTM Technologies in the 2nd quarter worth about $330,000. Sanctuary Advisors LLC acquired a new stake in TTM Technologies in the 2nd quarter worth about $543,000. GAMMA Investing LLC raised its stake in TTM Technologies by 67.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock worth $29,000 after purchasing an additional 642 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in TTM Technologies by 2.4% in the 3rd quarter. Wedge Capital Management L L P NC now owns 142,772 shares of the technology company’s stock worth $2,606,000 after purchasing an additional 3,385 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in TTM Technologies in the 3rd quarter worth about $148,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.