Shares of TTM Technologies (NASDAQ:TTMI) have been given a consensus recommendation of “Buy” by the eight research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $19.50.
A number of analysts have recently weighed in on TTMI shares. Zacks Investment Research upgraded TTM Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. BidaskClub cut TTM Technologies from a “hold” rating to a “sell” rating in a research report on Monday, December 11th. Stifel Nicolaus dropped their price target on TTM Technologies from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Needham & Company LLC dropped their price target on TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating on the stock in a research report on Thursday, February 8th. Finally, SunTrust Banks initiated coverage on TTM Technologies in a research report on Thursday, December 14th. They set a “buy” rating and a $20.00 price target on the stock.
Shares of TTM Technologies stock traded down $0.39 on Friday, reaching $14.89. 612,982 shares of the company were exchanged, compared to its average volume of 590,639. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $1,580.53, a price-to-earnings ratio of 13.89 and a beta of 1.73. TTM Technologies has a 1-year low of $12.76 and a 1-year high of $19.54.
In related news, SVP Daniel J. Weber sold 8,630 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $15.89, for a total value of $137,130.70. Following the sale, the senior vice president now directly owns 30,642 shares in the company, valued at approximately $486,901.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider William Kent Hardwick sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $15.66, for a total value of $31,320.00. Following the completion of the sale, the insider now owns 43,152 shares in the company, valued at $675,760.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 141,288 shares of company stock worth $2,274,950. 28.40% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of TTMI. Glenmede Trust Co. NA acquired a new stake in TTM Technologies in the 4th quarter valued at approximately $34,384,000. Mesirow Financial Investment Management Equity Management acquired a new stake in TTM Technologies in the 4th quarter valued at approximately $16,390,000. Tocqueville Asset Management L.P. increased its position in TTM Technologies by 31.9% in the 4th quarter. Tocqueville Asset Management L.P. now owns 2,709,663 shares of the technology company’s stock valued at $42,460,000 after acquiring an additional 655,015 shares during the period. SG Capital Management LLC acquired a new stake in TTM Technologies in the 4th quarter valued at approximately $8,914,000. Finally, Cortina Asset Management LLC increased its position in TTM Technologies by 57.0% in the 4th quarter. Cortina Asset Management LLC now owns 1,397,912 shares of the technology company’s stock valued at $21,905,000 after acquiring an additional 507,554 shares during the period.
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About TTM Technologies
TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments: PCB and electro-mechanical solutions (E-M Solutions). The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.
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