BidaskClub Lowers TTM Technologies (TTMI) to Hold
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.
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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