Cross Research lowered shares of TTM Technologies (NASDAQ:TTMI) from a buy rating to a hold rating in a research note issued to investors on Wednesday, MarketBeat.com reports.
Several other analysts have also recently commented on TTMI. ValuEngine cut TTM Technologies from a hold rating to a sell rating in a report on Monday, October 8th. BidaskClub lowered TTM Technologies from a sell rating to a strong sell rating in a research report on Friday, September 14th. Macquarie initiated coverage on TTM Technologies in a research report on Monday, October 8th. They issued an outperform rating on the stock. Zacks Investment Research lowered TTM Technologies from a hold rating to a sell rating in a research report on Tuesday, August 7th. Finally, Needham & Company LLC upped their target price on TTM Technologies from $20.00 to $23.00 and gave the company a strong-buy rating in a research report on Thursday, August 2nd. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. TTM Technologies has an average rating of Hold and an average price target of $20.40.
TTMI stock traded up $1.11 during trading on Wednesday, hitting $12.81. The stock had a trading volume of 86,546 shares, compared to its average volume of 1,080,020. TTM Technologies has a 1-year low of $11.24 and a 1-year high of $19.91. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 12.13 and a beta of 1.92. The company has a current ratio of 1.74, a quick ratio of 1.57 and a debt-to-equity ratio of 1.36.
In related news, EVP Tai Keung Chung sold 23,345 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $18.90, for a total transaction of $441,220.50. Following the sale, the executive vice president now directly owns 50,357 shares of the company’s stock, valued at approximately $951,747.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider William Kent Hardwick sold 3,115 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $18.91, for a total value of $58,904.65. Following the sale, the insider now directly owns 44,997 shares in the company, valued at $850,893.27. The disclosure for this sale can be found here. Corporate insiders own 10.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Glenmede Trust Co. NA raised its position in shares of TTM Technologies by 19.2% during the 2nd quarter. Glenmede Trust Co. NA now owns 2,615,002 shares of the technology company’s stock valued at $46,102,000 after acquiring an additional 420,617 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of TTM Technologies by 8.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 734,727 shares of the technology company’s stock valued at $12,954,000 after acquiring an additional 55,691 shares in the last quarter. Swiss National Bank raised its position in shares of TTM Technologies by 6.8% during the 2nd quarter. Swiss National Bank now owns 160,400 shares of the technology company’s stock valued at $2,828,000 after acquiring an additional 10,200 shares in the last quarter. Voya Investment Management LLC increased its position in TTM Technologies by 578.1% in the second quarter. Voya Investment Management LLC now owns 839,659 shares of the technology company’s stock worth $14,803,000 after buying an additional 715,833 shares during the period. Finally, First Trust Advisors LP increased its position in TTM Technologies by 114.2% in the second quarter. First Trust Advisors LP now owns 157,741 shares of the technology company’s stock worth $2,781,000 after buying an additional 84,109 shares during the period.
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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