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

TTM Technologies (NASDAQ: TTMI) recently received a number of ratings updates from brokerages and research firms:

  • 5/8/2019 – TTM Technologies was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” 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. “
  • 5/7/2019 – TTM Technologies is now covered by analysts at Needham & Company LLC. They set a “hold” rating on the stock.
  • 5/4/2019 – TTM Technologies was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 5/3/2019 – TTM Technologies was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 4/24/2019 – TTM Technologies was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 4/10/2019 – TTM Technologies was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 3/14/2019 – TTM Technologies was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.

NASDAQ:TTMI traded down $0.40 during trading hours on Monday, reaching $11.00. 74,105 shares of the company were exchanged, compared to its average volume of 1,113,714. The company has a quick ratio of 1.74, a current ratio of 1.92 and a debt-to-equity ratio of 1.19. The company has a market cap of $1.20 billion, a P/E ratio of 7.97 and a beta of 2.28. TTM Technologies, Inc. has a 52-week low of $8.97 and a 52-week high of $19.91.

In other news, insider Jon Pereira sold 2,195 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $12.03, for a total value of $26,405.85. Following the completion of the sale, the insider now owns 18,643 shares of the company’s stock, valued at $224,275.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Tony Sanchez sold 6,747 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $12.01, for a total transaction of $81,031.47. Following the completion of the sale, the vice president now directly owns 24,731 shares of the company’s stock, valued at approximately $297,019.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,786 shares of company stock worth $438,712. 6.90% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its position in shares of TTM Technologies by 8.7% in the first quarter. Oppenheimer & Co. Inc. now owns 12,500 shares of the technology company’s stock worth $147,000 after acquiring an additional 1,000 shares in the last quarter. Mason Street Advisors LLC increased its position in shares of TTM Technologies by 4.1% in the first quarter. Mason Street Advisors LLC now owns 29,836 shares of the technology company’s stock worth $350,000 after acquiring an additional 1,181 shares in the last quarter. Sapphire Star Partners LP increased its position in shares of TTM Technologies by 2.6% in the fourth quarter. Sapphire Star Partners LP now owns 47,467 shares of the technology company’s stock worth $462,000 after acquiring an additional 1,194 shares in the last quarter. Arizona State Retirement System increased its position in shares of TTM Technologies by 0.9% in the first quarter. Arizona State Retirement System now owns 143,312 shares of the technology company’s stock worth $1,681,000 after acquiring an additional 1,213 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. increased its position in shares of TTM Technologies by 6.8% in the first quarter. Piedmont Investment Advisors Inc. now owns 23,487 shares of the technology company’s stock worth $276,000 after acquiring an additional 1,502 shares in the last quarter.

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.

Further Reading: Blockchain

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 MarketBeat.com's FREE daily email newsletter.