TTM Technologies, Inc. (NASDAQ:TTMI) Receives $212.00 Average Target Price from Analysts

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $212.00.

Several brokerages have recently commented on TTMI. Weiss Ratings downgraded shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Zacks Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Stifel Nicolaus lifted their price target on shares of TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Wall Street Zen lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, B. Riley Financial upped their price objective on shares of TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th.

Insider Activity

In other TTM Technologies news, EVP Douglas L. Soder sold 2,874 shares of TTM Technologies stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total value of $600,493.56. Following the completion of the transaction, the executive vice president owned 210,634 shares in the company, valued at approximately $44,009,867.96. The trade was a 1.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Weber sold 2,915 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total value of $609,060.10. Following the completion of the transaction, the executive vice president directly owned 88,250 shares in the company, valued at approximately $18,438,955. This represents a 3.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 82,043 shares of company stock worth $17,191,859. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TTM Technologies

A number of hedge funds have recently added to or reduced their stakes in TTMI. Royal Bank of Canada raised its stake in shares of TTM Technologies by 66.6% in the first quarter. Royal Bank of Canada now owns 26,433 shares of the technology company’s stock worth $543,000 after acquiring an additional 10,565 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of TTM Technologies by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,087 shares of the technology company’s stock valued at $1,232,000 after purchasing an additional 2,632 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of TTM Technologies by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock valued at $34,989,000 after purchasing an additional 115,766 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of TTM Technologies by 7.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,563 shares of the technology company’s stock valued at $3,908,000 after purchasing an additional 13,691 shares in the last quarter. Finally, Jane Street Group LLC raised its position in TTM Technologies by 1,150.2% in the 1st quarter. Jane Street Group LLC now owns 139,889 shares of the technology company’s stock worth $2,869,000 after purchasing an additional 128,700 shares during the last quarter. Institutional investors own 95.79% of the company’s stock.

TTM Technologies Price Performance

TTM Technologies stock opened at $115.44 on Tuesday. The business has a 50 day simple moving average of $167.56 and a 200 day simple moving average of $132.47. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.61. The company has a market capitalization of $11.99 billion, a PE ratio of 62.40 and a beta of 2.10. TTM Technologies has a one year low of $39.20 and a one year high of $223.83.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. TTM Technologies had a return on equity of 13.70% and a net margin of 6.29%.The firm had revenue of $845.98 million for the quarter, compared to analysts’ expectations of $789.84 million. During the same period in the prior year, the business posted $0.50 earnings per share. The business’s revenue was up 30.4% compared to the same quarter last year. On average, sell-side analysts forecast that TTM Technologies will post 3.66 EPS for the current fiscal year.

TTM Technologies Company Profile

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system?level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.