TTM Technologies (TTMI) Upgraded by ValuEngine to Sell

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.



TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, February 6th. The technology company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.05. TTM Technologies had a return on equity of 15.10% and a net margin of 6.10%. The firm had revenue of $711.00 million during the quarter, compared to analysts’ expectations of $710.84 million. During the same quarter in the previous year, the business earned $0.57 earnings per share. The company’s revenue was down 3.8% on a year-over-year basis. As a group, analysts anticipate that TTM Technologies will post 0.53 earnings per share for the current year.

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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Analyst Recommendations for TTM Technologies (NASDAQ:TTMI)

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