TTM Technologies Inc. (TTMI) Reaches New 12-Month High at $11.00
TTM Technologies Inc. (NASDAQ:TTMI) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $11.00 and last traded at $10.88, with a volume of 465,067 shares trading hands. The stock had previously closed at $10.73.
Several brokerages recently commented on TTMI. Needham & Company LLC reissued a “buy” rating and set a $10.00 price target on shares of TTM Technologies in a research report on Wednesday, May 18th. JPMorgan Chase & Co. reissued a “buy” rating on shares of TTM Technologies in a research report on Tuesday, August 9th. Stifel Nicolaus reissued a “buy” rating on shares of TTM Technologies in a research report on Saturday, May 14th. Finally, Zacks Investment Research cut TTM Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $10.70.
The stock’s 50 day moving average is $9.69 and its 200-day moving average is $7.66. The firm has a market cap of $1.08 billion and a PE ratio of 60.39.
TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.10. The business earned $601.80 million during the quarter, compared to the consensus estimate of $601.48 million. The business’s revenue was up 35.1% on a year-over-year basis. During the same period last year, the business posted $0.17 earnings per share. Equities research analysts forecast that TTM Technologies Inc. will post $1.08 EPS for the current fiscal year.
In related news, SVP Daniel J. Weber sold 10,222 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $10.43, for a total value of $106,615.46. Following the completion of the sale, the senior vice president now directly owns 60,530 shares of the company’s stock, valued at approximately $631,327.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anthony J. Princiotta sold 24,924 shares of the business’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 completion of the sale, the insider now directly owns 32,485 shares of the company’s stock, valued at $343,691.30. The disclosure for this sale can be found here.
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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