TTM Technologies Inc. (NASDAQ:TTMI) was upgraded by equities researchers at TheStreet from a “hold” rating to a “buy” rating in a report issued on Wednesday.

TTMI has been the topic of several other research reports. Needham & Company LLC lifted their target price on shares of TTM Technologies from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, July 28th. Stifel Nicolaus dropped their target price on shares of TTM Technologies from $11.00 to $9.50 and set a “buy” rating on the stock in a research report on Thursday, July 28th. Zacks Investment Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 target price on the stock in a research report on Saturday, July 30th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of TTM Technologies in a research report on Tuesday, August 9th. Five equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of $12.38.

TTM Technologies (NASDAQ:TTMI) traded down 1.24% during mid-day trading on Wednesday, reaching $13.55. 941,852 shares of the company were exchanged. The company has a 50 day moving average of $12.69 and a 200-day moving average of $9.98. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 29.78 and a beta of 1.44. TTM Technologies has a 1-year low of $4.67 and a 1-year high of $15.00.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. TTM Technologies had a net margin of 1.86% and a return on equity of 12.58%. The company earned $641.72 million during the quarter, compared to analysts’ expectations of $641.47 million. During the same quarter in the previous year, the company earned $0.24 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities research analysts forecast that TTM Technologies will post $1.27 EPS for the current year.

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In other news, insider Douglas L. Soder sold 30,000 shares of TTM Technologies stock in a transaction dated Monday, October 24th. The shares were sold at an average price of $11.91, for a total value of $357,300.00. Following the sale, the insider now owns 217,178 shares in the company, valued at $2,586,589.98. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Daniel J. Weber sold 4,565 shares of TTM Technologies stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $11.00, for a total transaction of $50,215.00. Following the completion of the sale, the senior vice president now owns 48,571 shares in the company, valued at approximately $534,281. The disclosure for this sale can be found here. 28.40% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan raised its position in TTM Technologies by 1.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 14,490 shares of the company’s stock worth $166,000 after buying an additional 160 shares during the last quarter. Louisiana State Employees Retirement System raised its position in TTM Technologies by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 28,800 shares of the company’s stock worth $217,000 after buying an additional 200 shares during the last quarter. Capstone Asset Management Co. raised its position in TTM Technologies by 0.9% in the third quarter. Capstone Asset Management Co. now owns 45,402 shares of the company’s stock worth $520,000 after buying an additional 400 shares during the last quarter. Hsbc Holdings PLC raised its position in TTM Technologies by 0.9% in the second quarter. Hsbc Holdings PLC now owns 64,898 shares of the company’s stock worth $489,000 after buying an additional 548 shares during the last quarter. Finally, Arizona State Retirement System raised its position in TTM Technologies by 2.1% in the second quarter. Arizona State Retirement System now owns 33,825 shares of the company’s stock worth $255,000 after buying an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 73.47% of the company’s stock.

TTM Technologies Company Profile

TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). The Company operates approximately 30 specialized facilities in the United States, the People’s Republic of China (China), Canada and Mexico.

5 Day Chart for NASDAQ:TTMI

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