TTM Technologies (TTMI) Downgraded by BidaskClub

TTM Technologies (NASDAQ:TTMI) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday, BidAskClub reports.

Several other analysts have also recently issued reports on the company. Needham & Company LLC initiated coverage on TTM Technologies in a report on Tuesday, May 7th. They set a “hold” rating on the stock. ValuEngine cut TTM Technologies from a “sell” rating to a “strong sell” rating in a report on Tuesday, February 19th. Finally, Zacks Investment Research cut TTM Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $20.67.

Shares of TTMI opened at $10.77 on Friday. The company has a market cap of $1.14 billion, a PE ratio of 7.80 and a beta of 2.28. TTM Technologies has a 1 year low of $8.97 and a 1 year high of $19.91. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.74 and a current ratio of 1.92.

In related news, 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 sale, the vice president now owns 24,731 shares in the company, valued at approximately $297,019.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jon Pereira sold 5,657 shares of the stock in a transaction 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 sale, the insider now owns 26,743 shares in the company, valued at approximately $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 in the last 90 days. 6.90% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. grew its position in TTM Technologies by 339.1% in the 1st quarter. Rockefeller Capital Management L.P. now owns 2,121 shares of the technology company’s stock valued at $25,000 after acquiring an additional 1,638 shares during the last quarter. First Mercantile Trust Co. bought a new position in TTM Technologies in the 1st quarter valued at $26,000. Versant Capital Management Inc grew its position in TTM Technologies by 566.3% in the 1st quarter. Versant Capital Management Inc now owns 2,885 shares of the technology company’s stock valued at $33,000 after acquiring an additional 2,452 shares during the last quarter. Resources Investment Advisors Inc. bought a new position in TTM Technologies in the 1st quarter valued at $34,000. Finally, Oregon Public Employees Retirement Fund bought a new position in TTM Technologies in the 4th quarter valued at $35,000.

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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