TTM Technologies Inc. (TTMI) Sets New 12-Month High at $10.81
TTM Technologies Inc. (NASDAQ:TTMI) shares hit a new 52-week high on Wednesday . The stock traded as high as $10.81 and last traded at $10.69, with a volume of 492,012 shares traded. The stock had previously closed at $10.38.
TTMI has been the subject of several analyst reports. Needham & Company LLC increased their price objective on TTM Technologies from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Stifel Nicolaus lowered their price objective on TTM Technologies from $11.00 to $9.50 and set a “buy” rating for the company in a research report on Thursday, July 28th. Zacks Investment Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a research report on Saturday, July 30th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of TTM Technologies in a research report on Sunday, June 12th. One equities 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 stock. The stock currently has an average rating of “Buy” and a consensus target price of $10.70.
The stock has a market cap of $1.07 billion and a P/E ratio of 59.61. The company has a 50-day moving average price of $9.36 and a 200-day moving average price of $7.53.
TTM Technologies (NASDAQ:TTMI) last posted 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 business posted $0.17 earnings per share. TTM Technologies’s revenue was up 35.1% on a year-over-year basis. On average, equities analysts predict that TTM Technologies Inc. will post $1.08 EPS for the current fiscal year.
In related news, insider Anthony J. Princiotta sold 24,924 shares of TTM Technologies stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $10.58, for a total transaction of $263,695.92. Following the completion of 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 at the SEC website. Also, COO Brian W. Barber sold 31,841 shares of TTM Technologies stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $10.41, for a total value of $331,464.81. Following the transaction, the chief operating officer now owns 75,076 shares of the company’s stock, valued at $781,541.16. 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 TTM Technologies Inc. (NASDAQ:TTMI) by 0.6% during the fourth quarter, according to its most recent Form 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 about 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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