ValuEngine upgraded shares of TTM Technologies (NASDAQ:TTMI) from a strong sell rating to a sell rating in a report published on Thursday morning.
Separately, BidaskClub cut TTM Technologies from a buy rating to a hold rating in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $20.67.
Shares of TTMI stock traded up $0.24 during mid-day trading on Thursday, hitting $12.15. The company’s stock had a trading volume of 290,923 shares, compared to its average volume of 990,859. TTM Technologies has a 52-week low of $8.97 and a 52-week high of $19.91. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.79 and a quick ratio of 1.63. The stock has a market capitalization of $1.24 billion, a P/E ratio of 8.80 and a beta of 2.27.
In other TTM Technologies news, VP Tony Sanchez sold 6,747 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $12.01, for a total transaction of $81,031.47. Following the completion of the sale, the vice president now owns 24,731 shares of the company’s stock, valued at $297,019.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philip Titterton sold 19,864 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $11.85, for a total value of $235,388.40. Following the sale, the insider now directly owns 61,188 shares of the company’s stock, valued at approximately $725,077.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,268 shares of company stock valued at $384,360. 10.10% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in TTMI. Norges Bank bought a new stake in TTM Technologies during the fourth quarter valued at about $18,327,000. Bank of New York Mellon Corp grew its holdings in TTM Technologies by 50.1% during the second quarter. Bank of New York Mellon Corp now owns 2,280,099 shares of the technology company’s stock valued at $40,198,000 after purchasing an additional 760,892 shares during the period. Laurion Capital Management LP bought a new position in shares of TTM Technologies in the third quarter worth about $11,215,000. Millennium Management LLC boosted its stake in shares of TTM Technologies by 662.6% in the fourth quarter. Millennium Management LLC now owns 665,981 shares of the technology company’s stock worth $6,480,000 after acquiring an additional 578,650 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of TTM Technologies in the third quarter worth about $6,955,000.
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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