TTM Technologies, Inc. (NASDAQ:TTMI) has been assigned an average rating of “Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $19.50.
A number of analysts recently commented on TTMI shares. SunTrust Banks started coverage on TTM Technologies in a research report on Thursday, December 14th. They set a “buy” rating and a $20.00 price target for the company. BidaskClub raised TTM Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, January 18th. Stifel Nicolaus decreased their target price on TTM Technologies from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Zacks Investment Research raised TTM Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a $20.00 target price (down from $22.00) on shares of TTM Technologies in a research report on Thursday, February 8th.
Shares of TTM Technologies (NASDAQ TTMI) traded up $0.38 on Tuesday, hitting $16.53. The company had a trading volume of 583,348 shares, compared to its average volume of 976,413. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $1,680.00, a P/E ratio of 11.17 and a beta of 1.65. TTM Technologies has a one year low of $12.76 and a one year high of $19.54.
In other TTM Technologies news, SVP Daniel J. Weber sold 8,630 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $15.89, for a total value of $137,130.70. Following the completion of the sale, the senior vice president now directly owns 30,642 shares of the company’s stock, valued at $486,901.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jon Pereira sold 2,078 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $15.85, for a total value of $32,936.30. Following the completion of the sale, the insider now directly owns 34,336 shares of the company’s stock, valued at $544,225.60. The disclosure for this sale can be found here. Insiders sold 144,288 shares of company stock valued at $2,323,250 over the last three months. Company insiders own 28.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. grew its position in shares of TTM Technologies by 29.6% in the second quarter. Ameritas Investment Partners Inc. now owns 8,112 shares of the technology company’s stock valued at $141,000 after purchasing an additional 1,852 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in TTM Technologies by 55.2% during the third quarter. Envestnet Asset Management Inc. now owns 9,434 shares of the technology company’s stock valued at $145,000 after buying an additional 3,357 shares during the period. New York State Teachers Retirement System boosted its stake in TTM Technologies by 2.7% during the third quarter. New York State Teachers Retirement System now owns 137,370 shares of the technology company’s stock valued at $2,111,000 after buying an additional 3,600 shares during the period. Two Sigma Advisers LP boosted its stake in TTM Technologies by 2.4% during the fourth quarter. Two Sigma Advisers LP now owns 190,627 shares of the technology company’s stock valued at $2,987,000 after buying an additional 4,501 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in TTM Technologies by 18.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 30,300 shares of the technology company’s stock valued at $466,000 after buying an additional 4,700 shares during the period.
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About TTM Technologies
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.
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