TTM Technologies (NASDAQ:TTMI) Upgraded to "Strong-Buy" by StockNews.com – MarketBeat
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TTM Technologies (NASDAQ:TTMI – Get Rating) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Friday.
Separately, Needham & Company LLC decreased their price target on shares of TTM Technologies from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, November 3rd.
TTM Technologies Price Performance
NASDAQ TTMI traded up $0.39 during trading hours on Friday, hitting $15.21. The company had a trading volume of 667,800 shares, compared to its average volume of 774,424. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.66 and a current ratio of 1.94. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 16.18 and a beta of 1.47. TTM Technologies has a 52 week low of $9.76 and a 52 week high of $17.49. The firm has a 50 day simple moving average of $14.27 and a 200 day simple moving average of $14.12.
TTM Technologies (NASDAQ:TTMI – Get Rating) last released its quarterly earnings data on Wednesday, November 2nd. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.16. The company had revenue of $671.10 million during the quarter, compared to analyst estimates of $675.51 million. TTM Technologies had a net margin of 3.92% and a return on equity of 10.72%. TTM Technologies’s revenue was up 20.5% compared to the same quarter last year. During the same period last year, the business earned $0.29 earnings per share. Equities research analysts expect that TTM Technologies will post 1.57 earnings per share for the current year.
Institutional Investors Weigh In On TTM Technologies
A number of institutional investors and hedge funds have recently bought and sold shares of TTMI. Quadrant Capital Group LLC grew its stake in TTM Technologies by 345.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 2,564 shares of the technology company’s stock worth $32,000 after buying an additional 1,988 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in shares of TTM Technologies during the 3rd quarter worth $35,000. Nomura Asset Management Co. Ltd. grew its position in TTM Technologies by 42.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the technology company’s stock worth $36,000 after acquiring an additional 800 shares in the last quarter. Larson Financial Group LLC bought a new position in TTM Technologies in the second quarter valued at $49,000. Finally, Signaturefd LLC raised its position in TTM Technologies by 30.8% during the third quarter. Signaturefd LLC now owns 6,182 shares of the technology company’s stock valued at $81,000 after purchasing an additional 1,456 shares in the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.
About TTM Technologies
(Get Rating)
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.
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