TTM Technologies (TTMI) Research Coverage Started at SunTrust Banks
SunTrust Banks assumed coverage on shares of TTM Technologies (NASDAQ:TTMI) in a research report sent to investors on Thursday, MarketBeat Ratings reports. The firm issued a buy rating and a $20.00 target price on the technology company’s stock.
TTMI has been the topic of several other reports. Zacks Investment Research downgraded TTM Technologies from a hold rating to a strong sell rating in a research note on Thursday, October 26th. ValuEngine downgraded TTM Technologies from a strong-buy rating to a buy rating in a research note on Friday, September 1st. Stifel Nicolaus upgraded TTM Technologies from a hold rating to a buy rating and set a $17.50 target price on the stock in a research note on Thursday, August 24th. They noted that the move was a valuation call. BidaskClub downgraded TTM Technologies from a buy rating to a hold rating in a research note on Tuesday, December 5th. Finally, J P Morgan Chase & Co set a $22.00 target price on TTM Technologies and gave the stock a buy rating in a research note on Wednesday, August 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. TTM Technologies has an average rating of Buy and a consensus target price of $20.38.
Shares of TTM Technologies (TTMI) traded up $0.56 during mid-day trading on Thursday, reaching $16.34. The company had a trading volume of 1,460,000 shares, compared to its average volume of 1,090,000. TTM Technologies has a 1 year low of $12.76 and a 1 year high of $19.54. The company has a current ratio of 1.65, a quick ratio of 1.21 and a debt-to-equity ratio of 1.02. The stock has a market cap of $1,660.00, a P/E ratio of 12.97 and a beta of 1.55.
In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $16.07, for a total transaction of $48,210.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 28.40% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Cipher Capital LP lifted its position in TTM Technologies by 82.5% during the 2nd quarter. Cipher Capital LP now owns 153,790 shares of the technology company’s stock worth $2,670,000 after acquiring an additional 69,510 shares during the period. Brighton Jones LLC acquired a new position in shares of TTM Technologies in the 2nd quarter valued at about $236,000. USA Financial Portformulas Corp lifted its holdings in shares of TTM Technologies by 247.3% in the 2nd quarter. USA Financial Portformulas Corp now owns 59,809 shares of the technology company’s stock valued at $1,038,000 after buying an additional 42,586 shares during the period. Federated Investors Inc. PA lifted its holdings in shares of TTM Technologies by 4.2% in the 2nd quarter. Federated Investors Inc. PA now owns 323,588 shares of the technology company’s stock valued at $5,617,000 after buying an additional 13,143 shares during the period. Finally, IndexIQ Advisors LLC lifted its holdings in shares of TTM Technologies by 83.0% in the 3rd quarter. IndexIQ Advisors LLC now owns 53,736 shares of the technology company’s stock valued at $826,000 after buying an additional 24,375 shares during the period.
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About TTM Technologies
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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