TTM Technologies Inc. (TTMI) Given a $13.00 Price Target by JPMorgan Chase & Co. Analysts
A number of other equities research analysts also recently weighed in on TTMI. Stifel Nicolaus lowered their target price on TTM Technologies from $11.00 to $9.50 and set a buy rating for the company in a report on Thursday, July 28th. Needham & Company LLC lifted their target price on TTM Technologies from $10.00 to $12.00 and gave the stock a buy rating in a report on Thursday, July 28th. Finally, Zacks Investment Research upgraded 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.
Shares of TTM Technologies (NASDAQ:TTMI) opened at 11.41 on Wednesday. TTM Technologies has a 52 week low of $4.67 and a 52 week high of $11.75. The stock has a 50 day moving average price of $10.83 and a 200-day moving average price of $8.38. The company has a market capitalization of $1.14 billion, a PE ratio of 63.74 and a beta of 1.57.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.10. TTM Technologies had a return on equity of 7.86% and a net margin of 0.74%. The company earned $601.80 million during the quarter, compared to the consensus estimate of $601.48 million. During the same period last year, the company earned $0.17 earnings per share. The firm’s revenue was up 35.1% compared to the same quarter last year. Equities research analysts expect that TTM Technologies will post $1.08 EPS for the current year.
In other news, SVP Daniel J. Weber sold 10,222 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $10.43, for a total transaction of $106,615.46. Following the completion of the sale, the senior vice president now owns 60,530 shares in the company, valued at $631,327.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Daniel J. Weber sold 4,565 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $11.00, for a total value of $50,215.00. Following the sale, the senior vice president now owns 48,571 shares of the company’s stock, valued at approximately $534,281. The disclosure for this sale can be found here. 28.40% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in TTM Technologies by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 7,236,077 shares of the company’s stock valued at $54,486,000 after buying an additional 593,037 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new stake in TTM Technologies during the second quarter valued at approximately $3,541,000. Bank of Montreal Can purchased a new stake in TTM Technologies during the second quarter valued at approximately $3,113,000. Nomura Holdings Inc. increased its stake in TTM Technologies by 293.4% in the second quarter. Nomura Holdings Inc. now owns 422,854 shares of the company’s stock valued at $3,194,000 after buying an additional 315,354 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in TTM Technologies by 10.0% in the first quarter. Franklin Resources Inc. now owns 3,067,610 shares of the company’s stock valued at $20,400,000 after buying an additional 278,070 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.
About TTM Technologies
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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