TTM Technologies, Inc. (NASDAQ:TTMI) Receives $14.25 Consensus Price Target from Analysts

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) have been given an average rating of “Buy” by the seven ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $14.40.

A number of equities analysts recently issued reports on TTMI shares. Smith Barney Citigroup started coverage on TTM Technologies in a report on Monday. They issued an “outperform” rating and a $15.00 target price on the stock. SunTrust Banks lifted their target price on TTM Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Zacks Investment Research upgraded TTM Technologies from a “sell” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a report on Wednesday, August 5th. Needham & Company LLC upgraded TTM Technologies from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Thursday, July 2nd. Finally, BidaskClub cut TTM Technologies from a “hold” rating to a “sell” rating in a report on Friday, August 21st.

In other news, SVP Anthony J. Princiotta sold 6,564 shares of TTM Technologies stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $11.89, for a total transaction of $78,045.96. Following the transaction, the senior vice president now owns 14,865 shares in the company, valued at $176,744.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.85% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of TTMI. Paradigm Asset Management Co. LLC purchased a new position in TTM Technologies in the second quarter valued at about $53,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in TTM Technologies by 53.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,461 shares of the technology company’s stock valued at $108,000 after acquiring an additional 3,661 shares during the period. Advisor Group Holdings Inc. bought a new position in TTM Technologies during the first quarter valued at about $134,000. Magnus Financial Group LLC bought a new position in TTM Technologies during the first quarter valued at about $152,000. Finally, Chicago Equity Partners LLC bought a new position in TTM Technologies during the first quarter valued at about $155,000.

Shares of TTMI traded down $0.38 during midday trading on Wednesday, reaching $10.96. The stock had a trading volume of 1,302,405 shares, compared to its average volume of 1,246,954. TTM Technologies has a 52 week low of $8.06 and a 52 week high of $16.25. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.56 and a quick ratio of 1.46. The firm’s 50 day moving average price is $11.68 and its 200-day moving average price is $11.27. The company has a market capitalization of $1.21 billion, a P/E ratio of 5.25 and a beta of 1.83.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.17. TTM Technologies had a return on equity of 3.60% and a net margin of 9.30%. The company had revenue of $570.30 million for the quarter, compared to the consensus estimate of $536.88 million. During the same quarter in the previous year, the business earned $0.20 EPS. The company’s quarterly revenue was down 9.9% compared to the same quarter last year. On average, equities analysts forecast that TTM Technologies will post 0.18 earnings per share for the current 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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