TTM Technologies Inc. (TTMI) Trading Down 3.4%
TTM Technologies Inc. (NASDAQ:TTMI)’s share price fell 3.4% on Friday . The company traded as low as $10.16 and last traded at $10.19, with a volume of 976,384 shares. The stock had previously closed at $10.55.
A number of brokerages have recently weighed in on TTMI. JPMorgan Chase & Co. restated a “buy” rating on shares of TTM Technologies in a research note on Sunday, June 12th. Stifel Nicolaus restated a “buy” rating on shares of TTM Technologies in a research note on Saturday, May 14th. Zacks Investment Research downgraded TTM Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Finally, Needham & Company LLC restated a “buy” rating and issued a $10.00 target price on shares of TTM Technologies in a research note on Wednesday, May 18th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. TTM Technologies has a consensus rating of “Buy” and an average target price of $10.70.
The stock has a market cap of $1.02 billion and a price-to-earnings ratio of 56.70. The company’s 50-day moving average is $9.06 and its 200-day moving average is $7.40.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.10. The company had revenue of $601.80 million for the quarter, compared to analyst estimates of $601.48 million. During the same quarter in the previous year, the company posted $0.17 EPS. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. Analysts expect that TTM Technologies Inc. will post $1.08 EPS for the current year.
In other news, insider Anthony J. Princiotta sold 24,924 shares of the stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $10.58, for a total value of $263,695.92. Following the sale, the insider now owns 32,485 shares in the company, valued at $343,691.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenton K. Alder sold 36,823 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $9.94, for a total transaction of $366,020.62. Following the completion of the sale, the director now owns 35,267 shares in the company, valued at approximately $350,553.98. The disclosure for this sale can be found here.
An institutional investor recently raised its position in TTM Technologies stock. Bank of Montreal Can increased its stake in shares of TTM Technologies Inc. (NASDAQ:TTMI) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 166,946 shares of the company’s stock after buying an additional 924 shares during the period. Bank of Montreal Can owned 0.17% of TTM Technologies worth $1,087,000 at the end of the most recent reporting period.
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). The Company operates approximately 30 specialized facilities in the United States, the People’s Republic of China (China), Canada and Mexico.
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