TTM Technologies (NASDAQ:TTMI) Rating Increased to Buy at BidaskClub

TTM Technologies (NASDAQ:TTMI) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, April 10th, BidAskClub reports.

Separately, ValuEngine cut TTM Technologies from a “sell” rating to a “strong sell” rating in a research report on Friday, January 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $20.67.

Shares of NASDAQ TTMI traded up $0.31 on Wednesday, hitting $12.36. The company had a trading volume of 1,479,623 shares, compared to its average volume of 980,569. TTM Technologies has a 12-month low of $8.97 and a 12-month high of $19.91. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.79 and a quick ratio of 1.63. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 8.96 and a beta of 2.28.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, February 6th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a return on equity of 15.10% and a net margin of 6.10%. The firm had revenue of $711.00 million during the quarter, compared to the consensus estimate of $710.84 million. During the same quarter in the prior year, the business posted $0.57 earnings per share. TTM Technologies’s revenue for the quarter was down 3.8% on a year-over-year basis. Research analysts expect that TTM Technologies will post 0.53 EPS for the current fiscal year.

In related news, insider Philip Titterton sold 19,864 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $11.85, for a total value of $235,388.40. Following the sale, the insider now directly owns 61,188 shares in the company, valued at approximately $725,077.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jon Pereira sold 5,657 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $12.01, for a total value of $67,940.57. Following the completion of the sale, the insider now owns 26,743 shares in the company, valued at $321,183.43. The disclosure for this sale can be found here. Insiders have sold a total of 36,786 shares of company stock worth $438,712 over the last quarter. Insiders own 6.90% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Texas Permanent School Fund increased its position in TTM Technologies by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 60,382 shares of the technology company’s stock valued at $588,000 after acquiring an additional 2,325 shares during the period. Mackay Shields LLC acquired a new position in shares of TTM Technologies during the 4th quarter valued at $206,000. Legal & General Group Plc increased its position in shares of TTM Technologies by 6.7% during the 3rd quarter. Legal & General Group Plc now owns 212,352 shares of the technology company’s stock valued at $3,390,000 after purchasing an additional 13,330 shares during the period. 6 Meridian acquired a new position in shares of TTM Technologies during the 1st quarter valued at $216,000. Finally, Man Group plc increased its position in shares of TTM Technologies by 489.3% during the 3rd quarter. Man Group plc now owns 72,934 shares of the technology company’s stock valued at $1,161,000 after purchasing an additional 60,558 shares during the period.

TTM Technologies Company Profile

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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Analyst Recommendations for TTM Technologies (NASDAQ:TTMI)

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