TTM Technologies (NASDAQ:TTMI) Stock Rating Upgraded by upgraded shares of TTM Technologies (NASDAQ:TTMIGet Rating) from a buy rating to a strong-buy rating in a research note published on Monday morning.

Separately, Needham & Company LLC decreased their target price on TTM Technologies from $19.00 to $18.00 and set a buy rating on the stock in a research report on Thursday, November 3rd.

TTM Technologies Stock Performance

Shares of TTM Technologies stock opened at $15.67 on Monday. The company has a current ratio of 1.94, a quick ratio of 1.66 and a debt-to-equity ratio of 0.61. The company has a market cap of $1.60 billion, a PE ratio of 16.67 and a beta of 1.47. The company has a 50 day moving average of $14.29 and a 200-day moving average of $14.21. TTM Technologies has a 1-year low of $9.76 and a 1-year high of $17.49.

TTM Technologies (NASDAQ:TTMIGet Rating) last released its earnings results on Wednesday, November 2nd. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.16. TTM Technologies had a return on equity of 10.72% and a net margin of 3.92%. The firm had revenue of $671.10 million during the quarter, compared to analysts’ expectations of $675.51 million. During the same period in the prior year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 20.5% on a year-over-year basis. As a group, equities research analysts forecast that TTM Technologies will post 1.57 earnings per share for the current fiscal year.

Institutional Trading of TTM Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of TTM Technologies during the 3rd quarter valued at $364,000. Alpha DNA Investment Management LLC acquired a new stake in shares of TTM Technologies during the third quarter valued at about $474,000. BNP Paribas Arbitrage SNC boosted its stake in shares of TTM Technologies by 10.2% during the third quarter. BNP Paribas Arbitrage SNC now owns 169,228 shares of the technology company’s stock valued at $2,230,000 after purchasing an additional 15,691 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of TTM Technologies by 8.4% in the third quarter. Alliancebernstein L.P. now owns 3,540,435 shares of the technology company’s stock valued at $46,663,000 after buying an additional 275,805 shares during the period. Finally, State Street Corp raised its holdings in TTM Technologies by 1.1% in the 3rd quarter. State Street Corp now owns 4,095,940 shares of the technology company’s stock valued at $53,984,000 after buying an additional 46,541 shares during the last quarter. Institutional investors own 95.83% of the company’s stock.

About TTM Technologies

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TTM Technologies, Inc, together with its subsidiaries, engages in the manufacture and sale of printed circuit boards (PCBs) worldwide. The company operates in two segments, PCB and RF&S Components. It offers PCB products, radio frequency (RF) components, conventional PCBs, RF and microwave circuits, high density interconnect PCBs, substrate-like PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, IC substrates, passive RF components, advanced ceramic RF components, multi-chip modules, and beamforming and switching networks.

Further Reading

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