Somewhat Favorable Media Coverage Somewhat Unlikely to Impact TTM Technologies (TTMI) Share Price
News stories about TTM Technologies (NASDAQ:TTMI) have been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TTM Technologies earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.3159273214137 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Downtrend Call Working As Ttm Technologies Stock Falls 20.8% (TTMI) (mysmartrend.com)
- Remarkable Stock in Review: TTM Technologies, Inc. (NASDAQ:TTMI), Ally Financial Inc. (NYSE:ALLY), Cheetah … – Market Breaking Point (press release) (journalfinance.net)
- TTM Technologies, Inc. (TTMI) Director Sells $42,870.00 in Stock (americanbankingnews.com)
- TTM Technologies, Inc. (TTMI): Watch Out For Technical Signs – StockNewsGazette (stocknewsgazette.com)
- Stifel Nicolaus Upgrades Rating On TTM Technologies, Inc. (TTMI) To “Buy” – ExpressNewsline (expressnewsline.com)
A number of brokerages recently issued reports on TTMI. BidaskClub raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Stifel Nicolaus cut shares of TTM Technologies from a “buy” rating to a “hold” rating and lifted their price objective for the company from $18.50 to $19.00 in a research note on Friday, July 28th. Needham & Company LLC lifted their price objective on shares of TTM Technologies from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, June 9th. TheStreet raised shares of TTM Technologies from a “c” rating to a “b-” rating in a research note on Wednesday, May 3rd. Finally, Zacks Investment Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Two analysts have rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $20.13.
Shares of TTM Technologies (NASDAQ TTMI) traded up 1.66% during mid-day trading on Wednesday, reaching $14.05. 497,231 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $16.01 and a 200 day moving average price of $16.45. TTM Technologies has a 52-week low of $10.04 and a 52-week high of $19.54. The firm has a market cap of $1.43 billion, a P/E ratio of 19.65 and a beta of 1.46.
TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by $0.04. TTM Technologies had a return on equity of 17.05% and a net margin of 2.97%. The company had revenue of $627.20 million during the quarter, compared to analysts’ expectations of $625.43 million. During the same period last year, the firm posted $0.28 EPS. TTM Technologies’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts forecast that TTM Technologies will post $1.53 earnings per share for the current fiscal year.
In related news, Director Kenton K. Alder sold 3,000 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $18.43, for a total value of $55,290.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Daniel J. Weber sold 3,605 shares of the business’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $17.92, for a total transaction of $64,601.60. Following the completion of the sale, the senior vice president now owns 48,270 shares in the company, valued at approximately $864,998.40. The disclosure for this sale can be found here. Insiders sold 14,074 shares of company stock worth $244,010 in the last 90 days. 28.40% of the stock is currently owned by company insiders.
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). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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