BidaskClub cut shares of TTM Technologies (NASDAQ:TTMI) from a hold rating to a sell rating in a research report sent to investors on Tuesday, May 1st.
A number of other research firms also recently commented on TTMI. Zacks Investment Research raised shares of TTM Technologies from a sell rating to a hold rating in a report on Thursday, April 12th. Stifel Nicolaus decreased their price objective on shares of TTM Technologies from $20.00 to $18.00 and set a buy rating on the stock in a report on Thursday, February 8th. Needham & Company LLC decreased their price objective on shares of TTM Technologies from $22.00 to $20.00 and set a strong-buy rating on the stock in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. reissued an overweight rating and set a $20.00 price objective (down previously from $22.00) on shares of TTM Technologies in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. TTM Technologies has an average rating of Buy and an average target price of $19.50.
Shares of NASDAQ:TTMI traded up $0.06 during midday trading on Tuesday, hitting $16.59. The stock had a trading volume of 798,199 shares, compared to its average volume of 870,241. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 15.95 and a beta of 1.76. TTM Technologies has a 1 year low of $12.76 and a 1 year high of $19.54. The company has a quick ratio of 1.72, a current ratio of 1.84 and a debt-to-equity ratio of 0.93.
TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, May 2nd. The technology company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. The firm had revenue of $663.58 million for the quarter, compared to the consensus estimate of $638.80 million. TTM Technologies had a net margin of 3.76% and a return on equity of 10.32%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 earnings per share. research analysts forecast that TTM Technologies will post 1.03 EPS for the current year.
In other TTM Technologies news, insider Jon Pereira sold 6,985 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $16.09, for a total value of $112,388.65. Following the sale, the insider now owns 36,960 shares of the company’s stock, valued at $594,686.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Daniel J. Weber sold 8,630 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $15.89, for a total transaction of $137,130.70. Following the completion of the sale, the senior vice president now directly owns 30,642 shares in the company, valued at approximately $486,901.38. The disclosure for this sale can be found here. Insiders sold 141,288 shares of company stock worth $2,274,950 in the last ninety days. Insiders own 10.10% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. lifted its holdings in shares of TTM Technologies by 3.6% in the first quarter. Principal Financial Group Inc. now owns 796,362 shares of the technology company’s stock valued at $12,177,000 after purchasing an additional 27,558 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of TTM Technologies in the first quarter valued at approximately $343,000. Dalton Greiner Hartman Maher & Co. raised its position in shares of TTM Technologies by 6.0% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 1,273,595 shares of the technology company’s stock valued at $19,473,000 after buying an additional 72,440 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new position in shares of TTM Technologies in the first quarter valued at approximately $256,000. Finally, Legal & General Group Plc raised its position in shares of TTM Technologies by 2.6% in the first quarter. Legal & General Group Plc now owns 187,168 shares of the technology company’s stock valued at $2,851,000 after buying an additional 4,657 shares during the last quarter.
About TTM Technologies
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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