TTM Technologies Inc. (TTMI) Reaches New 12-Month High at $10.67
TTM Technologies Inc. (NASDAQ:TTMI)’s share price reached a new 52-week high on Friday . The stock traded as high as $10.67 and last traded at $10.57, with a volume of 498,985 shares changing hands. The stock had previously closed at $10.17.
Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Needham & Company LLC restated a “buy” rating and set a $10.00 price target on shares of TTM Technologies in a research report on Wednesday, May 18th. Stifel Nicolaus restated a “buy” rating on shares of TTM Technologies in a research report on Saturday, May 14th. Finally, JPMorgan Chase & Co. increased their price target on shares of TTM Technologies from $10.50 to $11.00 and gave the company an “overweight” rating in a research report on Friday, June 10th. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company. TTM Technologies presently has an average rating of “Buy” and an average target price of $10.70.
The firm has a 50-day moving average price of $8.18 and a 200 day moving average price of $7.02. The firm has a market capitalization of $1.05 billion and a PE ratio of 58.60.
TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, July 27th. The company reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.10. The business had revenue of $601.80 million for the quarter, compared to the consensus estimate of $601.48 million. During the same quarter last year, the firm posted $0.17 EPS. The business’s quarterly revenue was up 35.1% on a year-over-year basis. Equities research analysts expect that TTM Technologies Inc. will post $1.08 EPS for the current fiscal year.
In other news, SVP Daniel J. Weber sold 10,222 shares of TTM Technologies 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 transaction, the senior vice president now owns 60,530 shares of the company’s stock, valued at approximately $631,327.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kenton K. Alder sold 50,000 shares of TTM Technologies stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $10.18, for a total value of $509,000.00. The disclosure for this sale can be found here.
Several institutional investors recently bought and sold shares of the company. Paradigm Capital Management Inc. NY raised its position in TTM Technologies by 3.2% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 3,450,179 shares of the company’s stock valued at $22,461,000 after buying an additional 107,800 shares in the last quarter. State of Wisconsin Investment Board raised its position in TTM Technologies by 0.7% in the fourth quarter. State of Wisconsin Investment Board now owns 588,934 shares of the company’s stock valued at $3,834,000 after buying an additional 4,184 shares in the last quarter. Finally, Bank of Montreal Can raised its position in TTM Technologies by 0.6% in the fourth quarter. Bank of Montreal Can now owns 166,946 shares of the company’s stock valued at $1,087,000 after buying an additional 924 shares in the last quarter.
TTM Technologies, Inc is a provider of printed circuit board (PCB) products and backplane assemblies, which serve as the foundation of electronic products. The Company operates a total of 13 facilities in the United States and the People’s Republic of China (China). It manages operations based on two geographic operating segments: Asia Pacific, which consists of five PCB fabrication plants, and North America, which consists of seven domestic PCB fabrication plants, including a facility that provides follow-on value-added services primarily for one of the PCB fabrication plants, and one backplane assembly plant in Shanghai, China, which is managed in conjunction with its United States operations.
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