TTM Technologies (TTMI) Stock Rating Lowered by ValuEngine

TTM Technologies (NASDAQ:TTMI) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday.

TTMI has been the topic of a number of other research reports. BidaskClub lowered shares of TTM Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Zacks Investment Research lowered shares of TTM Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Cross Research lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a report on Wednesday. Needham & Company LLC lifted their price target on shares of TTM Technologies from $20.00 to $23.00 and gave the company a “strong-buy” rating in a report on Thursday, August 2nd. Finally, Macquarie assumed coverage on shares of TTM Technologies in a report on Monday, October 8th. They issued an “outperform” rating on the stock. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $20.40.

Shares of NASDAQ TTMI opened at $11.70 on Thursday. TTM Technologies has a 1 year low of $11.24 and a 1 year high of $19.91. The company has a market cap of $1.38 billion, a P/E ratio of 11.25 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.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Tuesday, October 30th. The technology company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.05. The company had revenue of $755.84 million for the quarter, compared to analyst estimates of $750.89 million. TTM Technologies had a net margin of 5.91% and a return on equity of 15.85%. TTM Technologies’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the business earned $0.32 EPS. Sell-side analysts anticipate that TTM Technologies will post 1.09 earnings per share for the current year.

In related news, insider William Kent Hardwick sold 3,115 shares of TTM Technologies stock in a transaction on Monday, August 6th. The shares were sold at an average price of $18.91, for a total transaction of $58,904.65. Following the transaction, the insider now owns 44,997 shares in the company, valued at approximately $850,893.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Tai Keung Chung sold 23,345 shares of TTM Technologies stock in a transaction on Monday, August 6th. The shares were sold at an average price of $18.90, for a total transaction of $441,220.50. Following the transaction, the executive vice president now owns 50,357 shares in the company, valued at approximately $951,747.30. The disclosure for this sale can be found here. 10.10% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of TTMI. California Public Employees Retirement System lifted its holdings in shares of TTM Technologies by 3.1% during the 1st quarter. California Public Employees Retirement System now owns 189,038 shares of the technology company’s stock valued at $2,890,000 after acquiring an additional 5,685 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of TTM Technologies by 2.6% during the 1st quarter. Legal & General Group Plc now owns 187,168 shares of the technology company’s stock valued at $2,851,000 after acquiring an additional 4,657 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new position in shares of TTM Technologies during the 1st quarter valued at $256,000. WINTON GROUP Ltd acquired a new position in shares of TTM Technologies during the 1st quarter valued at $343,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of TTM Technologies by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 796,362 shares of the technology company’s stock valued at $12,177,000 after acquiring an additional 27,558 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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Analyst Recommendations for TTM Technologies (NASDAQ:TTMI)

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