BidaskClub downgraded shares of TTM Technologies (NASDAQ:TTMI) from a buy rating to a hold rating in a report released on Tuesday.

Several other research analysts also recently issued reports on TTMI. Needham & Company LLC raised TTM Technologies from a buy rating to a strong-buy rating and set a $22.00 price objective for the company in a research note on Monday, August 7th. Zacks Investment Research downgraded shares of TTM Technologies from a hold rating to a strong sell rating in a research report on Wednesday, August 9th. J P Morgan Chase & Co set a $22.00 target price on shares of TTM Technologies and gave the company a buy rating in a research report on Wednesday, August 16th. Stifel Nicolaus raised shares of TTM Technologies from a hold rating to a buy rating and set a $17.50 target price for the company in a research report on Thursday, August 24th. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of TTM Technologies from a strong-buy rating to a buy rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $20.50.

TTM Technologies (NASDAQ:TTMI) traded up $0.02 during trading on Tuesday, hitting $15.68. The stock had a trading volume of 794,500 shares, compared to its average volume of 1,380,377. TTM Technologies has a one year low of $12.76 and a one year high of $19.54. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.21. The firm has a market capitalization of $1,600.00, a P/E ratio of 12.43 and a beta of 1.55.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.32 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. TTM Technologies had a return on equity of 14.77% and a net margin of 2.78%. The company had revenue of $666.81 million during the quarter, compared to the consensus estimate of $651.67 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. equities research analysts predict that TTM Technologies will post 1.08 EPS for the current fiscal year.

In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $16.07, for a total transaction of $48,210.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 9,000 shares of company stock valued at $139,320 in the last three months. Insiders own 28.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC boosted its holdings in shares of TTM Technologies by 71.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock worth $119,000 after buying an additional 2,860 shares in the last quarter. Simplex Trading LLC bought a new position in shares of TTM Technologies during the 3rd quarter worth approximately $120,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of TTM Technologies by 169.0% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,048 shares of the technology company’s stock worth $124,000 after buying an additional 5,056 shares in the last quarter. Pacad Investment Ltd. bought a new position in shares of TTM Technologies during the 2nd quarter worth approximately $133,000. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of TTM Technologies by 29.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,112 shares of the technology company’s stock worth $141,000 after buying an additional 1,852 shares in the last quarter.

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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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