Shares of TTM Technologies, Inc. (NASDAQ:TTMI – Get Free Report) have received an average rating of “Buy” from the four research firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $24.31.
Several research firms have recently commented on TTMI. Needham & Company LLC upped their price target on shares of TTM Technologies from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Truist Financial restated a “buy” rating and set a $24.00 price target (up previously from $22.00) on shares of TTM Technologies in a research report on Thursday, August 1st. B. Riley upped their price target on shares of TTM Technologies from $25.50 to $27.25 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus upped their price target on shares of TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st.
Check Out Our Latest Report on TTM Technologies
Insider Activity at TTM Technologies
Hedge Funds Weigh In On TTM Technologies
Several large investors have recently made changes to their positions in TTMI. American Century Companies Inc. boosted its position in shares of TTM Technologies by 88.8% during the 2nd quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company’s stock valued at $28,745,000 after purchasing an additional 695,844 shares in the last quarter. Norges Bank bought a new position in shares of TTM Technologies during the 4th quarter valued at about $10,616,000. Hood River Capital Management LLC bought a new position in shares of TTM Technologies during the 2nd quarter valued at about $8,806,000. Archon Capital Management LLC bought a new position in shares of TTM Technologies during the 1st quarter valued at about $3,097,000. Finally, Algert Global LLC boosted its position in shares of TTM Technologies by 137.5% during the 2nd quarter. Algert Global LLC now owns 218,938 shares of the technology company’s stock valued at $4,254,000 after purchasing an additional 126,748 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.
TTM Technologies Stock Down 3.9 %
Shares of NASDAQ:TTMI opened at $17.16 on Friday. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of -858.00 and a beta of 1.26. TTM Technologies has a 1-year low of $11.14 and a 1-year high of $22.70. The company’s fifty day moving average is $19.69 and its two-hundred day moving average is $17.60. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.74 and a current ratio of 2.04.
TTM Technologies (NASDAQ:TTMI – Get Free Report) last issued its earnings results on Wednesday, July 31st. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. The company had revenue of $605.10 million for the quarter, compared to analysts’ expectations of $582.70 million. TTM Technologies had a net margin of 0.74% and a return on equity of 9.01%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 earnings per share. Equities analysts anticipate that TTM Technologies will post 1.31 EPS for the current year.
TTM Technologies Company Profile
TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.
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