TTM Technologies (NASDAQ:TTMI) Sets New 12-Month Record for Analyst Leveling


TTM Technologies, Inc. (NASDAQ: TTMIGet a rating) shares hit a new 52-week high on Thursday after Needham & Company LLC raised its price target on the stock from $17.00 to $19.00. Needham & Company LLC currently has a Buy rating on the stock. TTM Technologies traded as low as $16.08 and last traded at $16.08, with volume at 11,808 shares. The stock had previously closed at $13.51.

Separately, StockNews.com upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating in a Wednesday, May 18 report.

Insiders place their bets

In other TTM Technologies news, VP Tony Sanchez sold 2,904 shares of the company in a trade on Tuesday, June 21. The shares were sold at an average price of $12.67, for a total value of $36,793.68. Following the completion of the sale, the vice president now directly owns 18,446 shares of the company, valued at $233,710.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website. In other TTM Technologies news, VP Tony Sanchez sold 2,904 shares of the company in a trade on Tuesday, June 21. The shares were sold at an average price of $12.67, for a total value of $36,793.68. Following the transaction, the vice president now directly owns 18,446 shares of the company, valued at $233,710.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Also, COO Philip Titterton sold 7,215 shares of the company in a trade on Tuesday, June 21. The shares were sold at an average price of $12.67, for a total transaction of $91,414.05. Following completion of the transaction, the COO now directly owns 73,950 shares of the company, valued at $936,946.50. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 27,941 shares of the company worth $344,389. 0.96% of the shares are currently held by insiders of the company.

Institutional entries and exits

A number of large investors have recently changed their positions in the company. Mutual of America Capital Management LLC increased its stake in TTM Technologies shares by 5.5% in the first quarter. Mutual of America Capital Management LLC now owns 15,037 shares of the technology company valued at $223,000 after buying 779 additional shares last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in TTM Technologies shares by 2.4% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 44,408 shares of the tech company valued at $658,000 after buying an additional 1,031 shares last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in TTM Technologies shares by 10.9% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,503 shares of the technology company valued at $156,000 after buying an additional 1,032 shares last quarter. The State Board of Administration of Florida Retirement System raised its position in TTM Technologies stock by 9.1% during the second quarter. The Florida Retirement System State Board of Directors now owns 20,219 shares of the technology company valued at $253,000 after buying 1,682 additional shares in the last quarter. Finally, Citigroup Inc. increased its position in TTM Technologies shares by 1.9% during the first quarter. Citigroup Inc. now owns 102,360 shares of the technology company valued at $1,517,000 after buying 1,893 more shares last quarter. 99.08% of the shares are held by institutional investors.

Price performance of TTM Technologies

The company has a quick ratio of 2.21, a current ratio of 2.44 and a debt ratio of 0.64. The company’s 50-day moving average is $13.16 and its two-hundred-day moving average is $13.49. The company has a market capitalization of $1.71 billion, a P/E ratio of 23.63 and a beta of 1.53.

TTM technologies (NASDAQ: TTMIGet a rating) last released its quarterly results on Wednesday, May 4. The technology company reported earnings per share of $0.21 for the quarter, beating consensus analyst estimates of $0.20 by $0.01. TTM Technologies achieved a net margin of 3.15% and a return on equity of 9.33%. The company posted revenue of $581.26 million for the quarter, versus analyst estimates of $560.37 million. During the same period last year, the company made ($0.03) earnings per share. The company’s revenue increased 10.4% year over year. As a group, analysts predict TTM Technologies, Inc. will post 1.16 earnings per share for the current year.

TTM Technologies Company Profile

(Get a rating)

TTM Technologies, Inc, together with its subsidiaries, is engaged in the manufacture and sale of printed circuit boards (PCBs) worldwide. The Company operates in two segments, PCB and RF&S Components. It offers PCB products, radio frequency (RF) components, conventional PCBs, RF and microwave circuits, high-density interconnect PCBs, substrate type PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, IC substrates, passive RF advanced ceramic RF components, multi-chip modules and beamforming and switching networks.

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