Weekly Investment Analysts’ Ratings Updates for TTM Technologies (TTMI)

TTM Technologies (NASDAQ: TTMI) has recently received a number of price target changes and ratings updates:

  • 10/17/2019 – TTM Technologies was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/11/2019 – TTM Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TTM Technologies, Inc. is a leading global printed circuit board manufacturer, focusing on quick-turn and volume production of technologically advanced PCBs, backplane assemblies and electro-mechanical solutions. TTM stands for time-to-market, representing how TTM’s time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market. “
  • 10/10/2019 – TTM Technologies was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/10/2019 – TTM Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $13.00 price target on the stock. According to Zacks, “TTM Technologies, Inc. is a leading global printed circuit board manufacturer, focusing on quick-turn and volume production of technologically advanced PCBs, backplane assemblies and electro-mechanical solutions. TTM stands for time-to-market, representing how TTM’s time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market. “
  • 10/5/2019 – TTM Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TTM Technologies, Inc. is a leading global printed circuit board manufacturer, focusing on quick-turn and volume production of technologically advanced PCBs, backplane assemblies and electro-mechanical solutions. TTM stands for time-to-market, representing how TTM’s time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market. “
  • 9/7/2019 – TTM Technologies was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/5/2019 – TTM Technologies was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/5/2019 – TTM Technologies is now covered by analysts at B. Riley. They set a “buy” rating and a $17.75 price target on the stock.
  • 8/21/2019 – TTM Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock. According to Zacks, “TTM Technologies, Inc. is a leading global printed circuit board manufacturer, focusing on quick-turn and volume production of technologically advanced PCBs, backplane assemblies and electro-mechanical solutions. TTM stands for time-to-market, representing how TTM’s time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market. “

Shares of TTM Technologies stock traded up $0.14 during trading on Thursday, hitting $12.46. 26,239 shares of the company’s stock were exchanged, compared to its average volume of 891,641. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.71 and a current ratio of 1.91. The business has a 50-day simple moving average of $11.79 and a 200-day simple moving average of $10.99. TTM Technologies, Inc. has a 52-week low of $8.49 and a 52-week high of $14.87. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 9.03 and a beta of 2.52.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, July 31st. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.03. TTM Technologies had a net margin of 2.93% and a return on equity of 6.56%. The firm had revenue of $633.04 million during the quarter, compared to analysts’ expectations of $622.68 million. During the same quarter last year, the company posted $0.48 earnings per share. The firm’s revenue was down 11.7% compared to the same quarter last year. On average, equities analysts anticipate that TTM Technologies, Inc. will post 0.46 earnings per share for the current fiscal year.

In related news, insider Anthony J. Princiotta sold 23,222 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $10.09, for a total transaction of $234,309.98. Following the sale, the insider now owns 51,408 shares in the company, valued at $518,706.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Daniel J. Weber sold 20,000 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $10.70, for a total transaction of $214,000.00. Following the sale, the senior vice president now owns 57,734 shares in the company, valued at approximately $617,753.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,939 shares of company stock valued at $784,007. 6.90% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in TTM Technologies by 0.7% during the second quarter. BlackRock Inc. now owns 13,869,848 shares of the technology company’s stock valued at $141,473,000 after buying an additional 98,489 shares during the period. Macquarie Group Ltd. grew its position in shares of TTM Technologies by 26.0% in the second quarter. Macquarie Group Ltd. now owns 3,502,463 shares of the technology company’s stock valued at $35,725,000 after purchasing an additional 722,397 shares during the period. Nuveen Asset Management LLC grew its position in shares of TTM Technologies by 53.3% in the second quarter. Nuveen Asset Management LLC now owns 3,393,846 shares of the technology company’s stock valued at $34,618,000 after purchasing an additional 1,180,469 shares during the period. Bank of New York Mellon Corp grew its position in shares of TTM Technologies by 4.0% in the second quarter. Bank of New York Mellon Corp now owns 1,391,228 shares of the technology company’s stock valued at $14,190,000 after purchasing an additional 52,909 shares during the period. Finally, Tocqueville Asset Management L.P. grew its position in shares of TTM Technologies by 2.9% in the second quarter. Tocqueville Asset Management L.P. now owns 1,316,800 shares of the technology company’s stock valued at $13,431,000 after purchasing an additional 37,450 shares during the period.

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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