TTM Technologies (NASDAQ:TTMI) Upgraded to Hold at BidaskClub

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

Several other analysts have also commented on the company. TheStreet lowered TTM Technologies from a “b-” rating to a “c+” rating in a report on Friday, May 24th. Zacks Investment Research raised TTM Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. ValuEngine raised TTM Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd. Finally, Needham & Company LLC began coverage on TTM Technologies in a report on Tuesday, May 7th. They set a “hold” rating for the company. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $18.00.

Shares of TTMI traded down $0.18 during trading hours on Wednesday, hitting $11.48. The stock had a trading volume of 62,054 shares, compared to its average volume of 991,088. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.92 and a quick ratio of 1.74. TTM Technologies has a 12 month low of $8.49 and a 12 month high of $19.91. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 8.37 and a beta of 2.53. The firm has a fifty day moving average price of $9.79.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.03. TTM Technologies had a return on equity of 13.44% and a net margin of 5.71%. The company had revenue of $633.04 million during the quarter, compared to analyst estimates of $622.68 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. TTM Technologies’s revenue was down 11.7% compared to the same quarter last year. As a group, analysts forecast that TTM Technologies will post 0.27 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC bought a new stake in TTM Technologies during the second quarter valued at about $535,000. Mackay Shields LLC bought a new stake in TTM Technologies during the fourth quarter valued at about $206,000. 6 Meridian purchased a new position in shares of TTM Technologies in the first quarter valued at about $216,000. US Bancorp DE lifted its position in shares of TTM Technologies by 27.2% in the first quarter. US Bancorp DE now owns 78,966 shares of the technology company’s stock valued at $926,000 after acquiring an additional 16,862 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its position in shares of TTM Technologies by 370.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 30,523 shares of the technology company’s stock valued at $297,000 after acquiring an additional 24,029 shares in the last quarter.

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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