TTM Technologies (NASDAQ:TTMI) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Thursday, ValuEngine reports.

Other equities analysts also recently issued reports about the company. BidaskClub downgraded TTM Technologies from a “sell” rating to a “strong sell” rating in a report on Thursday. Zacks Investment Research downgraded TTM Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Finally, Needham & Company LLC assumed coverage on TTM Technologies in a report on Tuesday, May 7th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $20.67.

Shares of NASDAQ:TTMI traded down $0.54 on Thursday, hitting $9.39. 2,437,554 shares of the company traded hands, compared to its average volume of 1,036,024. TTM Technologies has a 52 week low of $8.97 and a 52 week high of $19.91. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.92 and a quick ratio of 1.74. The company has a market capitalization of $990.28 million, a PE ratio of 6.80 and a beta of 2.28.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. TTM Technologies had a return on equity of 13.44% and a net margin of 5.71%. The firm had revenue of $620.20 million during the quarter, compared to the consensus estimate of $628.46 million. On average, sell-side analysts anticipate that TTM Technologies will post 0.41 earnings per share for the current fiscal year.

In related news, insider Jon Pereira sold 5,657 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $12.01, for a total transaction of $67,940.57. Following the sale, the insider now directly owns 26,743 shares of the company’s stock, valued at $321,183.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Tony Sanchez sold 6,747 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $12.01, for a total value of $81,031.47. Following the sale, the vice president now directly owns 24,731 shares in the company, valued at $297,019.31. The disclosure for this sale can be found here. Insiders have sold 16,922 shares of company stock worth $203,324 over the last ninety days. 6.90% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB lifted its position in shares of TTM Technologies by 2.6% during the 1st quarter. Nordea Investment Management AB now owns 403,635 shares of the technology company’s stock valued at $4,734,000 after buying an additional 10,357 shares in the last quarter. CWM Advisors LLC purchased a new position in shares of TTM Technologies during the 1st quarter valued at about $156,000. Zebra Capital Management LLC lifted its position in shares of TTM Technologies by 25.0% during the 1st quarter. Zebra Capital Management LLC now owns 41,868 shares of the technology company’s stock valued at $491,000 after buying an additional 8,377 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of TTM Technologies by 32.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 367,894 shares of the technology company’s stock valued at $4,315,000 after buying an additional 90,077 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in shares of TTM Technologies by 1.0% during the 1st quarter. Macquarie Group Ltd. now owns 2,780,066 shares of the technology company’s stock valued at $32,610,000 after buying an additional 28,290 shares in the last quarter.

TTM Technologies Company Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.

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Analyst Recommendations for TTM Technologies (NASDAQ:TTMI)

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