TTM Technologies (TTMI) Getting Somewhat Favorable News Coverage, Analysis Finds

Media stories about TTM Technologies (NASDAQ:TTMI) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TTM Technologies earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 46.3615417524694 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

TTMI has been the subject of a number of research analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $17.50 price target on shares of TTM Technologies in a research note on Thursday, September 28th. ValuEngine lowered TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. J P Morgan Chase & Co set a $22.00 price target on TTM Technologies and gave the stock a “buy” rating in a research note on Wednesday, August 16th. BidaskClub lowered TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research raised TTM Technologies from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $20.50.

Shares of TTM Technologies (NASDAQ TTMI) traded up 1.412% during midday trading on Wednesday, hitting $15.445. The company had a trading volume of 531,650 shares. The company has a market capitalization of $1.57 billion, a PE ratio of 22.384 and a beta of 1.56. The company has a 50-day moving average of $14.74 and a 200-day moving average of $16.14. TTM Technologies has a 12 month low of $10.85 and a 12 month high of $19.54.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). TTM Technologies had a net margin of 2.97% and a return on equity of 17.05%. The business had revenue of $627.20 million during the quarter, compared to analyst estimates of $625.43 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. Analysts predict that TTM Technologies will post $1.53 earnings per share for the current year.

In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $14.70, for a total transaction of $44,100.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold 9,000 shares of company stock worth $142,260 over the last 90 days. 28.40% of the stock is owned by insiders.

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TTM Technologies Company Profile

TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.

Insider Buying and Selling by Quarter for TTM Technologies (NASDAQ:TTMI)

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