Weekly Analysts’ Ratings Changes for TTM Technologies (TTMI)

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A number of research firms have changed their ratings and price targets for TTM Technologies (NASDAQ: TTMI):

  • 3/14/2019 – TTM Technologies was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 3/7/2019 – TTM Technologies was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 3/6/2019 – TTM Technologies was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 3/1/2019 – TTM Technologies was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 2/19/2019 – TTM Technologies was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 2/7/2019 – TTM Technologies was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/24/2019 – TTM Technologies was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.

Shares of TTMI stock traded down $0.35 during trading hours on Monday, reaching $11.83. The company had a trading volume of 393,952 shares, compared to its average volume of 993,997. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.79. TTM Technologies, Inc. has a twelve month low of $8.97 and a twelve month high of $19.91. The firm has a market cap of $1.25 billion, a P/E ratio of 8.57 and a beta of 2.27.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, February 6th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a return on equity of 15.10% and a net margin of 6.10%. The business had revenue of $711.00 million during the quarter, compared to analyst estimates of $710.84 million. During the same quarter last year, the firm earned $0.57 earnings per share. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, equities research analysts predict that TTM Technologies, Inc. will post 0.53 EPS for the current year.

In other TTM Technologies news, insider Jon Pereira sold 5,657 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $12.01, for a total transaction of $67,940.57. Following the completion of the sale, the insider now owns 26,743 shares in the company, valued at approximately $321,183.43. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Tony Sanchez sold 6,747 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $12.01, for a total value of $81,031.47. Following the sale, the vice president now owns 24,731 shares of the company’s stock, valued at approximately $297,019.31. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,268 shares of company stock valued at $384,360. 10.10% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of TTMI. Norges Bank acquired a new stake in TTM Technologies during the 4th quarter valued at approximately $18,327,000. Bank of New York Mellon Corp grew its stake in TTM Technologies by 50.1% during the 2nd 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 in the last quarter. Laurion Capital Management LP acquired a new stake in TTM Technologies during the 3rd quarter valued at approximately $11,215,000. Millennium Management LLC grew its position in shares of TTM Technologies by 662.6% in the 4th 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 in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of TTM Technologies in the 3rd quarter worth approximately $6,955,000.

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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