Brokerages Set TTM Technologies, Inc. (TTMI) Price Target at $20.67

TTM Technologies, Inc. (NASDAQ:TTMI) has received an average rating of “Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $20.67.

TTMI has been the topic of a number of recent analyst reports. ValuEngine cut TTM Technologies from a “sell” rating to a “strong sell” rating in a report on Friday, January 4th. BidaskClub upgraded TTM Technologies from a “hold” rating to a “buy” rating in a report on Thursday, February 7th.

In other TTM Technologies news, insider Philip Titterton sold 19,864 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $11.85, for a total transaction of $235,388.40. Following the transaction, the insider now owns 61,188 shares in the company, valued at $725,077.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jon Pereira sold 2,195 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $12.03, for a total value of $26,405.85. Following the transaction, the insider now owns 18,643 shares in the company, valued at approximately $224,275.29. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,786 shares of company stock worth $438,712. Company insiders own 6.90% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. 6 Meridian bought a new position in TTM Technologies during the first quarter worth about $216,000. Geode Capital Management LLC lifted its holdings in shares of TTM Technologies by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 1,385,979 shares of the technology company’s stock valued at $13,485,000 after purchasing an additional 83,372 shares in the last quarter. Norges Bank bought a new position in shares of TTM Technologies during the 4th quarter valued at about $18,327,000. Public Employees Retirement System of Ohio lifted its holdings in shares of TTM Technologies by 623.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 34,685 shares of the technology company’s stock valued at $337,000 after purchasing an additional 29,888 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of TTM Technologies by 662.6% during the 4th quarter. Millennium Management LLC now owns 665,981 shares of the technology company’s stock valued at $6,480,000 after purchasing an additional 578,650 shares in the last quarter.

TTM Technologies stock traded up $0.51 during mid-day trading on Wednesday, hitting $13.52. The stock had a trading volume of 1,931,612 shares, compared to its average volume of 946,345. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 9.80 and a beta of 2.26. TTM Technologies has a 12 month low of $8.97 and a 12 month high of $19.91. The company has a quick ratio of 1.63, a current ratio of 1.79 and a debt-to-equity ratio of 1.19.

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

About TTM Technologies

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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