Stifel Nicolaus upgraded shares of TTM Technologies, Inc. (NASDAQ:TTMI) from a hold rating to a buy rating in a research report sent to investors on Thursday morning, Marketbeat.com reports. They currently have $17.50 price objective on the technology company’s stock. The analysts noted that the move was a valuation call.

A number of other equities analysts also recently issued reports on the company. BidaskClub raised TTM Technologies from a buy rating to a strong-buy rating in a report on Monday, July 24th. TheStreet raised TTM Technologies from a c rating to a b- rating in a report on Wednesday, May 3rd. J P Morgan Chase & Co set a $22.00 price target on TTM Technologies and gave the company a buy rating in a report on Wednesday, August 16th. Zacks Investment Research downgraded TTM Technologies from a strong-buy rating to a hold rating in a report on Wednesday, May 10th. Finally, Needham & Company LLC upped their price target on TTM Technologies from $18.00 to $22.00 and gave the company a buy rating in a report on Friday, June 9th. Two research analysts have rated the stock with a sell rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $20.13.

TTM Technologies (NASDAQ TTMI) opened at 13.88 on Thursday. The stock has a market capitalization of $1.41 billion, a PE ratio of 19.41 and a beta of 1.46. The firm has a 50-day moving average of $16.01 and a 200 day moving average of $16.45. TTM Technologies has a one year low of $10.04 and a one year high of $19.54.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data 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. TTM Technologies had a return on equity of 17.05% and a net margin of 2.97%. The company had revenue of $627.20 million for the quarter, compared to analyst estimates of $625.43 million. During the same period in the prior year, the firm posted $0.28 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts anticipate that TTM Technologies will post $1.53 earnings per share for the current fiscal year.

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In other news, Director Kenton K. Alder sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $18.09, for a total transaction of $54,270.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Daniel J. Weber sold 3,605 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $17.92, for a total value of $64,601.60. Following the sale, the senior vice president now owns 48,270 shares of the company’s stock, valued at approximately $864,998.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,074 shares of company stock valued at $201,140. 28.40% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in TTMI. Kennedy Capital Management Inc. bought a new stake in TTM Technologies during the first quarter valued at approximately $4,540,000. Fox Run Management L.L.C. bought a new stake in TTM Technologies during the second quarter valued at approximately $306,000. State of Alaska Department of Revenue boosted its stake 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. Principal Financial Group Inc. boosted its stake in TTM Technologies by 3.0% in the first quarter. Principal Financial Group Inc. now owns 690,203 shares of the technology company’s stock valued at $11,133,000 after buying an additional 20,061 shares during the period. Finally, Paloma Partners Management Co bought a new stake in TTM Technologies during the first quarter valued at approximately $1,773,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

About TTM Technologies

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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