Shares of TTM Technologies, Inc. (NASDAQ:TTMI) have received a consensus rating of “Hold” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $13.50.
TTMI has been the subject of a number of research reports. BidaskClub raised shares of TTM Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Zacks Investment Research upgraded shares of TTM Technologies from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. ValuEngine lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Stifel Nicolaus boosted their price target on shares of TTM Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, TheStreet lowered shares of TTM Technologies from a “b-” rating to a “c+” rating in a research note on Friday, May 24th.
Several institutional investors have recently modified their holdings of TTMI. First Mercantile Trust Co. acquired a new position in TTM Technologies during the first quarter worth about $26,000. Versant Capital Management Inc grew its position in TTM Technologies by 566.3% during the first quarter. Versant Capital Management Inc now owns 2,885 shares of the technology company’s stock worth $33,000 after buying an additional 2,452 shares during the period. Resources Investment Advisors Inc. acquired a new position in TTM Technologies during the first quarter worth about $34,000. Acadian Asset Management LLC acquired a new position in TTM Technologies during the second quarter worth about $45,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in TTM Technologies during the first quarter worth about $70,000.
TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. TTM Technologies had a net margin of 2.93% and a return on equity of 6.56%. The firm had revenue of $633.04 million during the quarter, compared to analysts’ expectations of $622.68 million. During the same period in the previous year, the company earned $0.48 earnings per share. TTM Technologies’s quarterly revenue was down 11.7% compared to the same quarter last year. As a group, equities analysts expect that TTM Technologies will post 0.45 earnings per share for the current fiscal year.
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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