TTM Technologies Inc. (TTMI) Reaches New 52-Week High at $11.00
TTM Technologies Inc. (NASDAQ:TTMI)’s share price reached a new 52-week high during mid-day 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 equities analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of TTM Technologies in a research note on Wednesday, May 18th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of TTM Technologies in a research note on Tuesday, August 9th. Stifel Nicolaus reaffirmed a “buy” rating on shares of TTM Technologies in a research note on Saturday, May 14th. Finally, Zacks Investment Research raised 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. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. TTM Technologies has a consensus rating of “Buy” and a consensus target price of $10.70.
The company has a market capitalization of $1.09 billion and a price-to-earnings ratio of 60.61. The company has a 50-day moving average price of $9.85 and a 200-day moving average price of $7.71.
TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, July 27th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.10. During the same quarter in the prior year, the company posted $0.17 EPS. The company had revenue of $601.80 million for 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 analysts expect 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 transaction of $263,695.92. Following the transaction, the insider now owns 32,485 shares in the company, valued at approximately $343,691.30. The transaction was disclosed in a document filed 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 shares were sold at an average price of $9.94, for a total transaction of $366,020.62. Following the transaction, 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.
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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