TTM Technologies (NASDAQ:TTMI) Downgraded to “Hold” at BidaskClub

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BidaskClub cut shares of TTM Technologies (NASDAQ:TTMI) from a buy rating to a hold rating in a research note published on Thursday, BidAskClub reports.

A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of TTM Technologies from a buy rating to a hold rating in a research note on Wednesday. ValuEngine downgraded shares of TTM Technologies from a buy rating to a hold rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. upgraded shares of TTM Technologies from a neutral rating to an overweight rating and lifted their price target for the stock from $13.00 to $16.00 in a research note on Friday, December 13th. Finally, SunTrust Banks lifted their price target on shares of TTM Technologies from $16.00 to $18.00 and gave the stock a neutral rating in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. TTM Technologies has an average rating of Buy and a consensus price target of $15.95.

TTMI traded down $0.36 during trading on Thursday, reaching $13.31. 643,500 shares of the company’s stock were exchanged, compared to its average volume of 1,185,603. TTM Technologies has a fifty-two week low of $8.49 and a fifty-two week high of $16.25. The company has a quick ratio of 1.29, a current ratio of 1.42 and a debt-to-equity ratio of 0.96. The business has a 50 day moving average price of $14.67 and a 200 day moving average price of $12.99. The company has a market capitalization of $1.44 billion, a P/E ratio of 38.03 and a beta of 2.60.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.14. TTM Technologies had a net margin of 1.54% and a return on equity of 3.32%. The firm had revenue of $719.30 million for the quarter, compared to the consensus estimate of $660.43 million. During the same quarter in the previous year, the company earned $0.52 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. As a group, research analysts forecast that TTM Technologies will post 0.41 EPS for the current year.

In other news, CFO Todd B. Schull sold 49,843 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $15.00, for a total value of $747,645.00. Following the sale, the chief financial officer now owns 270,737 shares in the company, valued at approximately $4,061,055. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.90% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in shares of TTM Technologies by 155.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,288 shares of the technology company’s stock valued at $40,000 after purchasing an additional 1,999 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of TTM Technologies by 37.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,817 shares of the technology company’s stock valued at $73,000 after buying an additional 1,318 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of TTM Technologies by 124.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,393 shares of the technology company’s stock valued at $111,000 after buying an additional 4,105 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of TTM Technologies by 14.9% in the third quarter. Public Employees Retirement System of Ohio now owns 9,446 shares of the technology company’s stock valued at $115,000 after buying an additional 1,224 shares during the last quarter. Finally, Advisor Partners LLC raised its holdings in shares of TTM Technologies by 12.3% in the fourth quarter. Advisor Partners LLC now owns 12,332 shares of the technology company’s stock valued at $188,000 after buying an additional 1,347 shares during the last quarter.

TTM Technologies Company Profile

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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