TTM Technologies Inc. (TTMI) Hits New 1-Year High at $10.81
TTM Technologies Inc. (NASDAQ:TTMI)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $10.81 and last traded at $10.69, with a volume of 492,012 shares changing hands. The stock had previously closed at $10.38.
Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. reiterated a “buy” rating on shares of TTM Technologies in a report on Tuesday, August 9th. Zacks Investment Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 target price for the company in a report on Saturday, July 30th. Stifel Nicolaus lowered their target price on shares of TTM Technologies from $11.00 to $9.50 and set a “buy” rating for the company in a report on Thursday, July 28th. Finally, Needham & Company LLC lifted their target price on shares of TTM Technologies from $10.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, July 28th. One investment 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. The company presently has an average rating of “Buy” and a consensus target price of $10.70.
The firm has a 50-day moving average price of $9.17 and a 200 day moving average price of $7.49. The stock has a market capitalization of $1.07 billion and a P/E ratio of 59.637.
TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, July 27th. The company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.10. During the same quarter in the prior year, the company earned $0.17 earnings per share. The company earned $601.80 million during the quarter, compared to the consensus estimate of $601.48 million. TTM Technologies’s revenue was up 35.1% on a year-over-year basis. Equities research analysts anticipate that TTM Technologies Inc. will post $1.08 earnings per share for the current year.
In other TTM Technologies news, insider Anthony J. Princiotta sold 24,924 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $10.58, for a total value of $263,695.92. Following the transaction, the insider now directly owns 32,485 shares in the company, valued at approximately $343,691.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenton K. Alder sold 36,823 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 35,267 shares in the company, valued at $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 position in TTM Technologies Inc. (NASDAQ:TTMI) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,946 shares of the company’s stock after buying an additional 924 shares during the period. Bank of Montreal Can owned approximately 0.17% of TTM Technologies worth $1,087,000 as of its most recent filing with the SEC.
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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