TTM Technologies Inc. (TTMI) Shares Up 0.9%
TTM Technologies Inc. (NASDAQ:TTMI) shares shot up 0.9% during mid-day trading on Wednesday . The company traded as high as $10.67 and last traded at $10.64, with a volume of 504,592 shares. The stock had previously closed at $10.55.
A number of brokerages recently issued reports on TTMI. JPMorgan Chase & Co. reiterated a “buy” rating on shares of TTM Technologies in a research note 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 price target for the company in a research note on Saturday, July 30th. Stifel Nicolaus decreased their price target on shares of TTM Technologies from $11.00 to $9.50 and set a “buy” rating for the company in a research note on Thursday, July 28th. Finally, Needham & Company LLC lifted their price target on shares of TTM Technologies from $10.00 to $12.00 and gave the stock a “buy” rating in a research note 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’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $10.70.
The firm has a 50 day moving average price of $9.77 and a 200-day moving average price of $7.68. The company has a market cap of $1.09 billion and a P/E ratio of 60.78.
TTM Technologies (NASDAQ:TTMI) last issued its earnings results 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 company earned $601.80 million during the quarter, compared to analyst estimates of $601.48 million. TTM Technologies’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.17 earnings per share. Equities analysts expect that TTM Technologies Inc. will post $1.08 EPS for the current year.
In other TTM Technologies news, SVP Daniel J. Weber sold 10,222 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $10.43, for a total value of $106,615.46. Following the sale, the senior vice president now directly owns 60,530 shares of the company’s stock, valued at $631,327.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Brian W. Barber sold 31,841 shares of the firm’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $10.41, for a total value of $331,464.81. Following the transaction, the chief operating officer now directly owns 75,076 shares in the company, valued at $781,541.16. 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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