TTM Technologies (TTMI) Upgraded to “Buy” at BidaskClub
BidaskClub upgraded shares of TTM Technologies (NASDAQ:TTMI) from a hold rating to a buy rating in a research note published on Thursday.
Other research analysts have also recently issued reports about the company. Stifel Nicolaus reissued a buy rating and set a $17.50 price objective on shares of TTM Technologies in a report on Thursday, September 28th. Zacks Investment Research cut TTM Technologies from a hold rating to a sell rating in a report on Saturday, January 6th. Finally, SunTrust Banks assumed coverage on TTM Technologies in a report on Thursday, December 14th. They set a buy rating and a $20.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating to the company. TTM Technologies currently has an average rating of Buy and a consensus price target of $20.38.
Shares of TTM Technologies (NASDAQ TTMI) opened at $17.59 on Thursday. The stock has a market cap of $1,790.93, a price-to-earnings ratio of 25.87 and a beta of 1.55. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.21. TTM Technologies has a 52 week low of $12.76 and a 52 week high of $19.54.
In related news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $16.10, for a total value of $48,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 28.40% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC increased its position in TTM Technologies by 71.5% in the second quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock worth $119,000 after purchasing an additional 2,860 shares during the period. Simplex Trading LLC acquired a new stake in TTM Technologies in the third quarter worth about $120,000. Ladenburg Thalmann Financial Services Inc. increased its position in TTM Technologies by 169.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,048 shares of the technology company’s stock worth $124,000 after purchasing an additional 5,056 shares during the period. Ameritas Investment Partners Inc. increased its position in TTM Technologies by 29.6% in the second quarter. Ameritas Investment Partners Inc. now owns 8,112 shares of the technology company’s stock worth $141,000 after purchasing an additional 1,852 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in TTM Technologies by 55.2% in the third quarter. Envestnet Asset Management Inc. now owns 9,434 shares of the technology company’s stock worth $145,000 after purchasing an additional 3,357 shares during the period.
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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