TTM Technologies (TTMI) Downgraded by BidaskClub
TTM Technologies (NASDAQ:TTMI) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
Several other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of TTM Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 8th. Stifel Nicolaus reissued a “buy” rating and set a $17.50 price objective on shares of TTM Technologies in a report on Wednesday, November 1st. ValuEngine lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. J P Morgan Chase & Co set a $22.00 price objective on shares of TTM Technologies and gave the stock a “buy” rating in a report on Wednesday, August 16th. Finally, Needham & Company LLC raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a report on Monday, August 7th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $20.50.
Shares of TTM Technologies (TTMI) opened at $15.85 on Tuesday. The firm has a market cap of $1,617.85, a price-to-earnings ratio of 12.61 and a beta of 1.55. TTM Technologies has a fifty-two week low of $12.76 and a fifty-two week high of $19.54. The company has a current ratio of 1.65, a quick ratio of 1.21 and a debt-to-equity ratio of 1.02.
TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.32 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. The company had revenue of $666.81 million during the quarter, compared to analyst estimates of $651.67 million. TTM Technologies had a net margin of 2.78% and a return on equity of 14.77%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $0.39 EPS. equities analysts anticipate that TTM Technologies will post 1.08 earnings per share for the current year.
In other news, Director Kenton K. Alder sold 3,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $15.67, for a total value of $47,010.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 9,000 shares of company stock valued at $139,320. 28.40% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Cipher Capital LP lifted its position in shares of TTM Technologies by 82.5% in the 2nd quarter. Cipher Capital LP now owns 153,790 shares of the technology company’s stock worth $2,670,000 after buying an additional 69,510 shares during the last quarter. Brighton Jones LLC bought a new position in shares of TTM Technologies in the 2nd quarter worth about $236,000. USA Financial Portformulas Corp lifted its position in shares of TTM Technologies by 247.3% in the 2nd quarter. USA Financial Portformulas Corp now owns 59,809 shares of the technology company’s stock worth $1,038,000 after buying an additional 42,586 shares during the last quarter. Federated Investors Inc. PA lifted its position in shares of TTM Technologies by 4.2% in the 2nd quarter. Federated Investors Inc. PA now owns 323,588 shares of the technology company’s stock worth $5,617,000 after buying an additional 13,143 shares during the last quarter. Finally, Piedmont Investment Advisors LLC bought a new position in shares of TTM Technologies in the 2nd quarter worth about $321,000.
TTM Technologies Company Profile
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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