TTM Technologies, Inc. (TTMI) Stock Rating Upgraded by Stifel Nicolaus
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.
TRADEMARK VIOLATION NOTICE: This article was originally published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this article on another domain, it was copied illegally and republished in violation of international trademark & copyright legislation. The original version of this article can be accessed at https://theolympiareport.com/2017/08/28/ttm-technologies-inc-ttmi-stock-rating-upgraded-by-stifel-nicolaus.html.
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.
Receive News & Ratings for TTM Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTM Technologies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.