Somewhat Favorable Press Coverage Somewhat Unlikely to Impact TTM Technologies (TTMI) Share Price
Media stories about TTM Technologies (NASDAQ:TTMI) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TTM Technologies earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.4771633155052 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of analysts recently weighed in on TTMI shares. BidaskClub raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Stifel Nicolaus raised shares of TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 price target for the company in a research report on Thursday, August 24th. They noted that the move was a valuation call. J P Morgan Chase & Co set a $22.00 price target on shares of TTM Technologies and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Needham & Company LLC upped their price target on shares of TTM Technologies from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. Finally, Zacks Investment Research cut shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $20.13.
TTM Technologies (NASDAQ:TTMI) traded up 0.07% during trading on Monday, reaching $14.78. 781,314 shares of the company’s stock were exchanged. TTM Technologies has a 1-year low of $10.15 and a 1-year high of $19.54. The company’s 50-day moving average is $14.79 and its 200-day moving average is $16.28. The company has a market capitalization of $1.50 billion, a PE ratio of 20.67 and a beta of 1.50.
TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.31 earnings per share for the quarter, missing the Zacks’ 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 the consensus estimate of $625.43 million. During the same period in the prior year, the firm posted $0.28 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. Equities research analysts expect that TTM Technologies will post $1.53 earnings per share for the current fiscal year.
In other TTM Technologies news, SVP Daniel J. Weber sold 3,605 shares of the business’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $17.92, for a total value of $64,601.60. Following the completion of the transaction, the senior vice president now directly owns 48,270 shares of the company’s stock, valued at $864,998.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kenton K. Alder sold 3,000 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $14.29, for a total transaction of $42,870.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,074 shares of company stock valued at $244,010. Insiders own 28.40% of the company’s stock.
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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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